Frequently Asked Questions Q1 What is the focus for the Cathay Bank Foundation’s charitable giving programs?   The funding focus for charitable contributions is defined by communities of interest to ensure key community needs in each target community are addressed. Please refer to the Grant Guidelines. Q2 What organizations does the Foundation fund?   The Foundation supports tax-exempt, nonprofit organizations that are recognized by the Internal Revenue Service 501c(3) and serve the communities across the Cathay Bank service network. Our service network includes California, New York, Massachusetts, Washington, and Texas. Q3 How is the Foundation managed and how are decisions made?   The Foundation is guided by a group of directors with demonstrated community involvement and leadership. The Foundation directors have established a grant review committee process with final awards determined by the Board of Directors. The majority of funds are distributed to impact priority issues. Q4 How do you determine how much each market receives for its charitable budget?   Each year the Foundation directors determine charitable budgets by where Cathay Bank conducts business. Q5 How soon will my organization hear from the Foundation?   The Foundation Board of Directors reviews all requests on a quarterly basis and depending on the volume and timing. Please refer to the Grant Application Process. Q6 Does the Foundation place restrictions on requests?   Yes, due to the volume of requests, the Foundation is unable to consider every proposal. Requests not aligned with our focus or not in areas where the company conducts business are unlikely to receive funding. Q7 How specific do our applications answers need to be?   Please be as specific as possible. The more detailed information provided the better. Q8 What is the range of grant amounts funded?   Grant awards generally range from $1,000 to $10,000.         For further questions, please email foundation@cathaybank.com   Copyright 2008 Cathay Bank Foundation. All rights reserved.