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Grants
The Selby Foundation specializes in supporting local area nonprofits with capital grants.
Capital grants support the construction, acquisition and/or renovation of facilities, as well as the purchase of equipment or software. They may also include the costs of related technical services (legal, architectural, engineering, etc.).
Nonprofit organizations are required to be primarily located in Charlotte, DeSoto, Manatee or Sarasota Counties.
Scholarships
The Selbys were very interested in helping local students with limited financial means pursue a higher education, with the goal of not only achieving a meaningful career, but also of helping their community.
Today, “Selby Scholars” are undergraduate students with exceptional potential who embrace the Selbys’ values of leadership and service. These awards are renewable, with certain requirements, for the four years the student is enrolled full-time at an accredited college or university.
The Selbys
1
Humanity
A virtue associated with basic ethics of altruism derived from the human condition.
The Selbys demonstrated that they cared for and about people in general, and especially for those known to them. They cared about equal opportunity for all. They believed that regular acts of kindness, no matter how great or small, do make a difference in the world.
2
Humility
The state of being humble. Humble can be used to describe what is ranked low by others, as in “persons of humble origins.” … When pride comes, then comes disgrace, but with humility comes wisdom.
The Selbys lived simply, quietly, modestly, and below their means. They did not seek recognition or fanfare in their lives or as a result of their charitable giving.
3
Social Responsibility
An ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.
The Selbys believed in educating others to provide them with better opportunities to improve their lives and the lives of others. They believed in taking care of one’s community, especially Sarasota County and the surrounding counties.
4
Innovation
To make changes or to do something differently.
The Selbys looked for opportunities to bring about positive change in their community and were willing to invest in new methods, ideas, or products to bring about that positive change.
5
Stewardship
The act of caring for or improving with time.
The Foundation was established to reduce the Selbys’ substantial tax burden on their assets. The professionals they chose whether legal, accounting or banking, were individuals known to the Selbys and they maintained the ability to retain or terminate them according to the needs/goals of the Foundation. The Selbys expected reasonable fees for all services. The Foundation was to be administratively operated in accordance with established best practices and financial standards, and it was organized to maintain its independence and the ability to direct its future. The Foundation was clearly established to be maintained in perpetuity.