Founded in 2002, the Majestic Realty Foundation is the philanthropic arm of Majestic Realty, a real estate development firm that specializes in building business parks “that serve communities.” By extension, it built a foundation to also “enhance the quality of life” in those communities, with the recognition that “needs were growing rapidly,” by focusing on five “key investment areas”: Youth, Education, Family, Health and Violence Prevention.
The foundation's recent giving history shows a support of literacy programs, which while not explicitly one of the key investment areas, could logically be encompassed by youth or education. Your instinct might reasonably be to frame it as the latter, but for this funder, consider shading it toward the former—because grants are dispersed to youth development programs with far more frequency and dollars than toward more traditional K-12 educational programming.
This might be because of the way notions of youth development programming align with the seven words the Majestic Realty Foundation lists as its “Guiding Principles”: Vision, Leadership, Passion, Commitment, Caring, Creativity and Collaboration. Keep those principles in mind for your literacy program, too.
That's a fair amount of "operating structure" already, but here's another big caveat: You must operate in one of the eight areas the foundation funds. They are the Los Angeles; Atlanta, Dallas-Forth Worth, Denver/Aurora, Las Vegas, Bethlehem, PA, and California's San Gabriel Valley and Inland Empire.
Where the Majestic Realty Foundation is less restrictive: it funds general operating costs as well as program support. It also declares an interest in leveraging other matching funds grants you may have received—in fact, it states that as a priority manner of giving.
The Majestic Realty Foundation has an open LOI, inviting submissions year-round.