Community groups, local charities and businesses in Kildrummy, Lumsden and Towie are being encouraged to apply to the new community fund provided by BayWa r.e UK Ltd.
The Fund is expected to distribute around £23K in 2013.
The Foundation will work with a Panel of local community members to decide how funds should be allocated.
Grant application forms are available to download from Foundation Scotland website www.foundationscotland.org.uk/programmes/kildrummy with a closing date of July 31.
More information about the Fund can be found on the Foundation Scotland website.