News & Reviews News Wire New foundation offering grants for railroad preservation NEWSWIRE

New foundation offering grants for railroad preservation NEWSWIRE

By Angela Cotey | January 11, 2013

| Last updated on November 3, 2020

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CHICAGO – The newly formed Tom E. Dailey Foundation Inc. is making available railroad heritage grants of up to $15,000 for projects promoting railroad heritage, history, or preservation. Dailey, a senior executive in the payment processing industry for nearly 30 years, said the foundation was created in December 2012 through a $1 million endowment. Dailey is currently CEO of 2Checkout.com, a global payments processor for e-commerce websites.
 
The grants are available to organizations that promote the history of railroads, operate historic trains or equipment, or provide other historic rail-related activities. To be considered for a grant, organizations must demonstrate that they are a registered nonprofit entity located within the United States. Grants cannot be made to individual persons. The grants are available in amounts of $1,000 to $15,000. The foundation’s board of directors generally meets on a quarterly basis to make decisions on grant awards, and plans to award up to $100,000 annually in grants.
 
For more information, go to www.daileyfoundation.org.
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