The Fund normally makes grants to organizations in the United States which have tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (and are not private foundations within the meaning of section 107(c)(1) of the code), and to state colleges and universities provided that no part of the award is used for overhead or administrative expenses. The Fund will also consider grant requests from organizations based outside the United States if they have documented equivalent 501(c)(3) status. The Fund does not make grants to individuals.
Due to its narrow funding focus, the Fund makes grants by invitation only, except in the case of The J.M.K. Innovation Prize.