Board Grants are one to three years in duration, with a budget target of no more than $100,000 annually. They are awarded three times each year following approval at one of the three annual Macy Foundation board meetings. For Board Grants, the process involves a two-step application - Letter of Inquiry accepted at any time, followed by an invited proposal for selected projects. All necessary details about the project, budget, outcomes, team qualifications, and supporting documents must be provided. Submission and ...