Private Grants

For both "for-profit" and "non-profit" businesses

Company: The Charles Stewart Mott Foundation

Grant Name: Michigan's Next Economy

Amount Awarded: $275,000

How This Grant Works:

The recent recession has led many business leaders and economists to call for a retooling of the American economy, especially in places particularly hard hit like Michigan. The next economy, according to this view, should be driven by the growth of exports, the use of low-carbon energy sources, a reliance on innovation, and the expansion of opportunity for all citizens.

To qualify, you must be:

1. Over the next year, the grantee will conduct research, engage in policy work, and develop best practices designed to advance the next economy in Michigan and the Great Lakes region.

(Source: The Charles Stewart Mott Foundation)

Expires: June 30, 2012

Link to Grant Program: http://www.mott.org/sitecore/content/Globals/Grants/
2011/201100424_Michigans%20Next%20Economy.aspx

 

Company: The Charles Stewart Mott Foundation

Grant Name: The Foundation for the Uptown Reinvestment Corporation

Amount Awarded: $90,000

How This Grant Works:

This grant will renew operating support for the continued redevelopment efforts of the Uptown Reinvestment Corporation in downtown Flint. Their work has focused on reintroducing market-rate housing and attracting restaurants and other commercial activity to the central city.

To Qualify You Must Be:

• You must live in the Michigan: Flint & Genesee County area. The grant will support technical assistance for downtown revitalization efforts, as well as rental costs to facilitate the charitable purposes and functions of the Uptown Reinvestment Corporation.

(Source: The Charles Stewart Mott Foundation)

Expires: December 31, 2012

Link To Grant Program: http://www.mott.org/sitecore/content/Globals/Grants/
2011/200601757_05_Operating%20Support.aspx

 

Improving Credit History

Banks rely on past credit histories for two main reasons:

1) It minimizes their time in selecting borrowers. Banks want to put money out; they don't want to waste time on borrowers who have no chance of getting approved. Thus, a quick pull of past credit histories can show which borrowers the bank (loan officer) should be spending their time on.

2) Past credit histories show both the risk associated with each borrower as well as debt-to-income ratios - all important in the underwriting decision.

Thus, the more creditworthy borrowers there are, the better it is for these lending institutions.

To help potential borrowers better understand and manager their personal credit history, Bank of America has created a grant program for non-profit credit counseling agencies.

Details:

Credit Counseling Grants

Bank of America offers Grant Funding to qualified Credit Counseling Agencies.

What are Credit Counseling Grants?
As part of Bank of America's ongoing commitment to Consumer Education and Counseling, we offer Grant Funding to qualified Credit Counseling Agencies. These Grants are provided to Qualified Credit Counseling Agencies that support our communities through a continued commitment to financial counseling and education.

Who qualifies?
If you are a tax-exempt Credit Counseling Agency under section 501(c) (3) of the Internal Revenue Service Tax Code you may qualify for a Credit Counseling Grant.

When are applications reviewed?
Grant Applications are reviewed quarterly, and will be based on annual need and/or specific initiatives. Upon review you will be notified of our decision to fund, not fund, or pend the application for the following quarter's review.

How to apply for a grant?
Qualified organizations interested in applying for a Bank of America Credit Counseling Grant should complete the eligibility quiz. Upon successful completion of the quiz, you'll be directed to our online application.

Expires: The Bank reviews grant requests throughout the year.

Link To Grant Program: http://www.bankofamerica.com/community/index.cfm?template=cdb_credcounselgrant

 

Company: Amarillo Area Foundation

Amount Awarded: Variable based on need and funds available.

How This Grant Works:

As a community foundation, the Amarillo Area Foundation does not limit its discretionary grant making to a particular field or area of interest. Rather, it seeks to support the entire range of human needs in the Panhandle. Because resources are limited, the Directors are forced to make judgments based on relative need and potential impact. Currently, the Foundation is focused on four areas of particular priority:

• Education
• Health
• Human Services
• Youth and Families

To qualify, you must be:

1. Be a 501(c)(3) nonprofit organization as defined in Section 509(a)(1) and/or Section 170(b)(1)(A)(vi) or Section 509(a)(2) of the Internal Revenue Code. Individuals are not eligible applicants.
2. Use grant funds within and for the benefit of the residents and communities of the 26 northernmost counties of the Texas Panhandle.
3. Provide an annual financial audit conducted by an independent CPA if the annual operating budget is $100,000 or more.

(Source: Amarillo Area Foundation)

Expires: The Boards of Directors reviews grant requests throughout the year.

Link to Grant Program: http://www.amarilloareafoundation.org/

 

The Prudential Foundation Grants

For non-profit companies only!

If your 501(c)(3) helps educators, helps build economic development in your community or participates in the arts and civic programs, then the Prudential Foundation, who "invests over $25 million in grants in efforts that support the revitalization of communities and support Prudential employees' community engagement efforts" may be able to help you take your organization to the next level.

The Grant Program:

Education

• Education leadership to support reform in public education by increasing the capacity of educators, parents, and community residents to implement public school reform. The Prudential Foundation also funds organizations whose efforts influence policy that adapts promising practices and evidence-based approaches to instruction and learning in schools.
• Youth development to build skills and competencies needed for young people to be productive citizens. This includes expanding arts education opportunities and supporting effective out-of-school-time programs for young people.

Economic Development

• Workforce development programs to train and place individuals in high-demand occupations.
• Business development opportunities to create and grow businesses.
• Community revitalization initiatives to strengthen community development corporations (CDCs).

Arts & Civic Infrastructure

• Arts as an economic engine and as a quality-of-life issue to ensure that residents have access to quality arts programs.
• Capacity building activities for nonprofit organizations to ensure their sustainability and growth.

Expires: The Foundation receives and reviews proposals throughout the year.

Link to Grant Program: The Prudential Foundation

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