If you have a great idea for a campus project or initiative, the Georgia Tech Student Foundation (GTSF) might be willing to fund it.

GTSF will give out around $19,000 this semester, and applications are now open for the first round of the allocation process. All student organizations, as well as individual students unaffiliated with an organization, are eligible to apply. 

Applications are reviewed by GTSF members and prioritized based on the activity’s novelty, philanthropic value, ability to further the mission of the Student Foundation, and feasibility. The event or initiative must take place by Dec. 31, 2016.

The Student Foundation’s mission is to enhance the student experience at Georgia Tech by developing future leaders and loyal alumni. Part of that mission is served by providing funding for student-centric initiatives.

The funding comes from the GTSF endowment, which is currently more than $1.1 million. The endowment was started in 1986 with a $100,000 donation from J. Erskine Love Jr. GTSF’s investments committee, a team of students, has managed the portfolio to grow it over the past 30 years.

Higher priority is given to proposals that develop a greater understanding among people, a sense of social and professional responsibility, and qualities of leadership. Lower priority is given to proposals for standard educational requirements or programs that have been available through other channels in the past.

Students whose proposals are selected from the first round will be asked to meet with a GTSF member to discuss their initiative before final funding is determined.

To learn more or apply for allocations, visit the GTSF website. Applications are due by Monday, Feb. 8, at 11:59 p.m.