The Foundation's guiding principle is to underwrite philanthropic activities that demonstrate clear and effective programs for their chosen endeavors. To this end, the Foundation provides financial support, usually in the form of charitable grants. The Foundation considers diverse programs addressing some of the following areas: medical research, medical and social outreach programs, the arts, after school enrichment programs, women's issues, and scholarships for qualified female heads of households, or women returning to college after an extended abscence. The Foundation places particular emphasis on programs that benefit disadvantaged women and school aged children.
Grants are provided to any qualified charitable organization that can demonstrate tax-exempt status under Section 501(c) (3) or other similar provisions of the Internal Revenue Code, as amended. Primary funding efforts are focused in Annapolis, Maryland; Anne Arundel County; or the Treasure Coast area of Florida. However, the Foundation has made numerous grants to qualified organizations in other areas of the country, including the cities of Chicago and New Orleans.
Additionally, the Foundation provides financial support in the form of low interest rate loans, known as Program Related Investments (PRI), to a variety of tax-exempt charitable organizations and institutions that can demonstrate that they are self sustaining, or have the potential to become self sustaining, or that focus on self sustaining operations and activities.
Funding is provided after the Foundation approves a written request from an appropriate organization. See, Application Procedures. Such funding may involve a single year or multi-year programs.
In order to have a greater impact on the causes it supports, the Foundation prefers to make larger grants for longer periods of time to a fewer number of qualified organization.