Grants are awarded monthly. Applications are rolling.
The Awesome Foundation is a loose network of small-time philanthropists who award $1,000 micro-grants to people with certifiably awesome ideas every month. Chapters consist of 10 trustees who each donate $100. The project can be artistic, scientific, and/or social in nature.
Submissions through their application form are placed in a common pool viewable by all chapters. Each chapter meets monthly to select a project to fund. By consensus, trustees determine which project to fund, and the $1,000 fellowship is distributed accordingly. Some chapters also routinely contact applicants for interviews before awarding the fellowships.
Chapters are divided by geography, and more recently by topic of interest. While specifying a chapter to apply to is not necessary (all chapters can view the applications received by all other chapters), many chapters show a preference for local projects.
Website link: http://www.awesomefoundation.org/
Cites and Chapters: http://www.awesomefoundation.org/chapters