HENLEY Town Council is set to agree a process for awarding grants and loans.
The authority has made contributions to other organisations and causes for many years but its corporate plan says formal guidelines should be adopted.
A draft drawn up by Councillor Will Hamilton, chairman of the finance strategy and management committee, will be considered by the council at a meeting next month.
He recommends that grants should fall into one of three categories: major infrastructure, ongoing annual grants and community grants.
The first, defined as grants over £10,000, would go to organisations in Henley and Harpsden that support the goals of the parishes’ joint neighbourhood plan.
Up to five annual grants could be awarded at a time and proof of their continuing benefit to the area would be required.
Community grants would come from an annual budget of up to £15,000 and charitable organisations would be given priority.