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Opportunities

Organizational Capacity Building: Cracking the Federal Code Baner

Organizational Capacity Building: Cracking the Federal Code

 

With the support of the Truist Foundation, NALCAB is launching a capacity-building program of grants and technical assistance to help NALCAB members access federal funding. NALCAB will provide awards of $15,000 each and, customized training to approximately 20 member nonprofits for this purpose.

In addition to the $15,000 grant, NALCAB will also subsidize consulting services for the following types of technical assistance and capacity-building activities:

  • Research Federal Awards and Eligibility
  • Forming Consortia
  • Coordinate Joint Application
  • Application Writing

Eligibility: Any 501(c)(3) community development or asset-building organization is eligible to apply. Any organization
that is awarded must be or become a current NALCAB member. To check your membership status, please contact NALCAB membership manager, Lexi Castillo, at lcastillo@nalcab.org.

*Projects focused on small business development, or a green/climate component will receive bonus points.

Grant Period: May 1, 2023 – April 30, 2025 (12 Months)
Application Submission Due date: April 8, 2024 at 11:59PM PDT

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Backing Historic Small Restaurants Grant Program Baner

Backing Historic Small Restaurants Grant Program

 

In its fourth year, American Express and the National Trust for Historic Preservation are doubling the number of Backing Historic Small Restaurants grant awardees to 50 small or independently owned restaurants across the country. Each restaurant—all places that contribute to their neighborhood’s unique history and identity—will receive $50,000 in funding to help them improve their businesses and positively impact their communities.

Since it began, the Backing Historic Small Restaurants grant program has granted a total of $3 million to 75 historic restaurants (202120222023) to help restaurants address critical needs amid ongoing economic challenges. This critical financial support helps small restaurant owners better navigate supply chain issues, staffing shortages, inflation, and other crises so that their establishments’ legacies can continue.

 

Application & public nomination deadline: March 25, 2024 at 11:59PM ET

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TD Charitable Foundation: Regional Grants Baner

TD Charitable Foundation: Regional Grants

The TD Charitable Foundation provides support to nonprofit organizations to improve the quality of life in the communities TD Bank serves, which include specific counties of CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, and VA. (A list of eligible counties is available in the online application.)

The Foundation primarily funds programs aligned to one or more of the following areas: better health, with a focus on research, technology, and innovative solutions that improve access to care for all; connected communities, with a focus on increasing access to the opportunities people need to participate and feel a sense of belonging in their community, including arts and culture; financial security, including early learning, income stability, financial literacy, and affordable housing; and vibrant planet, including clean economic growth that supports the transition to a low-carbon economy and activating green spaces. Special consideration will be given to organizations delivering programs that support diverse and historically underserved communities and to programs that support low- to moderate-income individuals with services that improve the quality of life.

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Application deadline: Applications are accepted on a bimonthly basis

Grant amount: The minimum amount is $5,000.

Bank of America Charitable Foundation Baner

Bank of America Charitable Foundation

The Bank of America Charitable Foundation supports nonprofit organizations focused on issues fundamental to economic mobility in low- and moderate-income communities in specific Bank of America markets. In 2024, the Foundation will issue two requests for proposals. LEARN MORE

The Economic Mobility Focused on Needs of Individuals and Families request for proposals will provide support for programs and organizations working to address the economic and social conditions that influence family stability and an individual’s health, as well as for programs and organizations building pathways to employment through workforce development opportunities.

The Economic Mobility Focused on the Needs of the Community request for proposals, areas of interest include affordable housing, neighborhood revitalization, and small business resiliency.

Application deadlines: Economic Mobility Focused on the Needs of the Community applications will be accepted from May 27 to June 21, 2024.

Geographic scope: Communities in specific Bank of America Markets

Rural Innovation Stronger Economy (RISE) Grants Baner

Rural Innovation Stronger Economy (RISE) Grants

The Rural Innovation Stronger Economy (RISE) Grants program provides support to create and augment high-wage jobs, accelerate the formation of new businesses, support industry clusters, and maximize the use of local productive assets in low-income rural areas. Grant funds may be used to build or support a business incubator facility, provide worker training to assist in the creation of new jobs, train the existing workforce with skills for higher-paying jobs, and develop a base of skilled workers and improve their opportunities to obtain high-wage jobs in new or existing local industries. LEARN MORE

Application deadline: April 1, 2024

Grant Amount: $500,000 – $2,000,000

Foundation for Financial Planning Baner

Foundation for Financial Planning

The Foundation for Financial Planning (FFP) provides annual grants to community-based and national nonprofit organizations for programs linking volunteer financial planners to people in need. Eligible programs must engage Certified Financial Planner™ professionals as volunteers, include one-on-one engagements between financial planner volunteers and pro bono clients, and help people in need of financial guidance or in a financial crisis who are underserved by the market and couldn’t ordinarily access quality, ethical advice. US-based nonprofits that share FFP’s commitment to helping underserved people achieve better financial stability and capability are eligible to apply. LEARN MORE

Application Deadline: April 30, 2024

Grant amount: $5,000 – $40,000

CDFI Fund: FY 2024 Funding Baner

CDFI Fund: FY 2024 Funding

The US Department of the Treasury’s Community Development Financial Institution (CDFI) FY 2024 funding round is open for technical assistance (TA) and financial assistance (FA) grants.

Two important changes to note:
1) estimated average award sizes are estimated to be twice as large as previous awards due to combined FY funding, and
2) For this round only, FA applicant organizations with in progress CDFI Certification Applications are eligible to apply.

For complete information on the FY 2024 CDFI Program including application steps, timeline and webinar access, please CLICK HERE

The Joyce Foundation Baner

The Joyce Foundation

The Joyce Foundation invests in policies to advance racial equity and economic mobility for the next generation in the Great Lakes region, defined as Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin. (National public policy efforts designed to have an impact on the Great Lakes states may also be supported.) The Foundation supports policy research, development, and advocacy in the program areas of culture, democracy, education and economic mobility, environment, gun violence prevention and justice reform, and journalism. LEARN MORE

Application deadlines: Grant inquiries are accepted throughout the year. The 2024 deadlines for formal proposals are April 1, August 1, and December 2.

Bank of America Institute for Women’s Entrepreneurship at Cornell Baner

Bank of America Institute for Women’s Entrepreneurship at Cornell

Bank of America has extended the opportunity for NALCAB network members and the clients they serve to participate in an online course for women entrepreneurs as part of the Bank of America Institute for Women’s Entrepreneurship at Cornell. This program will provide participants, at no cost, with access to the virtual program conducted by Ivy League Cornell faculty.

Participants who complete the 6-course program, offered in English or Spanish will receive a Certificate from Cornell University.  The program is designed for women who are starting, running, or expanding a business.

Courses include:

1. Creating Your Venture: Personal readiness, and client discovery

2. Laying the Legal Building Blocks for Your Venture

3. Assessing and Obtaining Financial Resources for Your Venture

4. Growth Leadership for Female Entrepreneurs

5. Product Development and Digital Marketing

6. Communications, Negotiation and Persuasiveness

 

Click here for Spanish enrollment.

Click here for English enrollment.

Funding & Resource Roundup Baner

Funding & Resource Roundup

Freed Fellowship – Every month, one $500 grant is awarded to an underrepresented founder in the US to invest in their existing business. No strings attached. No equity required. Grant recipients are also eligible to receive an additional end-of-year grant of $2,500. https://www.freedfellowship.com/grant1

Juntos Crecemos Hispanic Digital & Delivery Program (PepsiCo) – PepsiCo is inviting Latina entrepreneurs who work in food service to apply for eight weeks of personalized expert consultation, including best practices across operations, technology, marketing and digital presence. https://pepsicojuntoscrecemos.com/jefaowned/

Microsoft TechSpark Community Engagement Fellowship Grant – Community organizations focused on creating inclusive economic opportunities will have the opportunity to apply to receive a mix of funding and contextual technical assistance through in-person and virtual support. Awarded organizations will select a member of their team to represent their organization as a TechSpark Fellow. Applicant must be US-based nonprofit. Funding up to $50,000 – https://customervoice.microsoft.com/Pages/ResponsePage.aspx?id=v4j5cvGGr0GRqy180BHbRzqG-8hAJq1BsU8sgfjznelUQUpCUkJVOTgyTThESk1RTURRR1JUSldUWSQlQCN0PWcu

Minority Business Circle – Supportive network for diverse entrepreneurs in various industries, offering opportunities like grants, loans, significant discounts on essential business products, and a comprehensive step-by-step guide with customized tools to track progress and foster growth. See link for info – https://minoritybusinesscircle.com/

Novae Grants Database – Novae Grants database are intended for small businesses with 6-100 employees, though some are also intended for larger businesses and sole proprietor startups – https://grants.novaegrants.com/

SPUR (Shared Purpose, Unlimited Reach) Pathways – Through an integrated and collaborative approach, Macy’s, Inc. and Momentus will provide access to a range of capital options from microloans to growth capital to equity investments. This represents a commitment to underrepresented businesses and aims to galvanize the retail industry to invest in the next generation of entrepreneurs – https://www.macysinc.com/purpose/spurpathways

Start Path Small Business (Mastercard) – During the 4-month program, startups will have the opportunity to leverage Mastercard’s network and subject matter expertise to uncover product partnerships, scale their companies and power solutions that drive safe, secure and simple experiences. Companies should be in one of following industries: Customer Service, Banking, Security, E-commerce, Artificial Intelligence, Payment Processing, Digital Lending, FinTech – https://developer.mastercard.com/programs/start-path-small-business/ 

Start Small Think Big is a nonprofit that helps small businesses with high potential and limited access to the resources needed to create thriving businesses. They partner with small business owners, providing personalized business support and building connections with local communities.  If you are interested in being considered as a “client” for free services, you can fill out this form https://partner.startsmallthinkbig.org/bofainstitute (for English) or https://partner.startsmallthinkbig.org/bofainstitute-esp (for Spanish)  They also offer free webinars (in Eng and Span).  See this link for their upcoming events: https://www.startsmallthinkbig.org/events-for-small-businesses

Truist NonProfit Grant – The Truist Foundation supports nonprofits with grants that target leadership development, economic mobility, thriving communities and educational equity. Quarterly deadlines – https://www.truist.com/purpose/truist-foundation/grant-application

Veterans Business Outreach Center – The Veterans Business Outreach Center (VBOC) program offers resources to veterans who are interested in starting or growing a small business. There are 22 locations (soon expanding to 35) and they offer workshops, training, counseling, and mentorship opportunities. – https://www.sba.gov/local-assistance/resource-partners/veterans-business-outreach-center-vboc-program

Women and Minority Business Owner Down Payment Grant (Bank of America) –  Non-repayable grant is for up to $25,000 on SBA owner occupied commercial estate loans for business locations within select opportunity zones (Atlanta, Charlotte, Chicago, Dallas and Los Angeles) Program may expand based on pilot. – https://promotions.bankofamerica.com/smallbusiness/downpaymentgrant

Bridge built by Citi Loan Program Baner

Bridge built by Citi Loan Program

Bridge built by Citi is a platform connecting small businesses seeking loans with over 65 community banks, CDFIs, and Minority Depository Institutions. There are no digital-only lenders on the platform, and no technology integration is required. Bridge’s lenders are able to respond to requests for capital for a wide range of debt financing, from working capital loans to commercial mortgages.

All NALCAB members are invited to refer small businesses seeking capital that are not able to be served by local markets to submit an application through the platform, to receive term sheets from potential lenders. In addition, NALCAB member CDFIs offering small business loans between $100,000 and $10,000,000 are invited to join this free platform to increase their reach.

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Mary Reynolds Babcock Foundation Baner

Mary Reynolds Babcock Foundation

The Mary Reynolds Babcock Foundation supports nonprofit organizations helping people and places move out of poverty and achieve greater social and economic justice in 11 southern states: Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. With the aim of advancing racial equity and social and economic justice, the Foundation supports collaborative, multi-strategy, place-based work focused on democracy and civic engagement, economic opportunity, and supportive policies and institutions. Funding may be used for general operating support, project support, “glue” support for networks of grassroots and partner organizations, and organizational development. Organizational summaries are accepted throughout the year.

Application Information

Change Machine + Kaiser Permanente Financial Health Initiative Baner

Change Machine + Kaiser Permanente Financial Health Initiative

Change Machine + Kaiser Permanente have partnered to support nearly 200 nonprofits to accelerate their missions and drive impact through financial coaching. Selected nonprofits will use Change Machine’s technology platform to train and equip social service practitioners in financial coaching so that they can provide these services to their clients. Financial coaching includes: financial goal setting and budgeting; establishing and increasing savings; addressing debt; and connecting people to safe and affordable banking products. Funding from Kaiser Permanente supports training program implementation, allowing social service organizations to provide these programs sustainably.

Location requirements: Practitioners from California, Colorado, District of Columbia, Georgia, Hawaii, Maryland, Oregon, Virginia, & Washington state.

CLICK HERE for more details & application instructions.

Citizens Bank Corporate Giving Baner

Citizens Bank Corporate Giving

Citizens Bank Corporate Giving seeks to support opportunities for significant and measurable community impact. Corporate contributions support nonprofit organizations in the geographic areas in which Citizens has a retail bank branch presence, including Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, upstate New York, Ohio, Pennsylvania, Rhode Island, and Vermont. Funding areas of interest include fighting hunger and reducing food insecurity; supporting financial literacy programs that provide individuals and businesses with the tools needed to be fiscally healthy; and strengthening communities through economic development, job training, and small business development. Funding is focused on projects that serve diverse, underserved populations and neighborhoods and demonstrate strong results. Sponsorship support is also available, as well as grants through the Citizens Philanthropic Foundation for organizations in the Metro New York and New Jersey areas. Applications are accepted throughout the year. Visit the Citizens website to submit an online application. Grants support programs that:

  • Teach Money Management by supporting financial literacy programs that provide individuals and businesses with the tools needed to be fiscally healthy.
  • Strengthen Communities through economic development, job training and small business development.
NALCAB Loans & Loan Guarantees Baner

NALCAB Loans & Loan Guarantees

Did you know that NALCAB offers loans for nonprofit member lenders and member organizations that work in affordable housing? In addition, we offer loan guarantees for small business and real estate loans.

CLICK HERE to learn more about our loan products.
CLICK HERE to learn more about our Small Business Loan Guarantee.

 

To schedule a consultation, contact us at: impactinvesting@nalcab.org

Additional Funding Sources Baner

Additional Funding Sources

Grant Station offers nonprofit organizations, educational institutions, and government agencies the opportunity to identify potential funding sources for their programs or projects as well as resources to mentor these organizations through the grant-seeking process.

Grants.gov a searchable database of federal funding programs and grants currently available.

NACEDA – National Alliance of Community Economic Development Associations showcases funding opportunties in various areas of community development.

Candid maintains a comprehensive database on US and global grant-makers and their funding opportunities. It also operates research, education, and training programs designed to advance knowledge of philanthropy at every level.

 

NALCAB is committed to securely reviewing all submissions with the upmost attention and will provide feedback within 30 to 60 days of the application close date.
NALCAB supports organizations at all levels of capacity and its programs are intentionally designed for partners to benefit from peer learning and engagement opportunities with experts and organizations in the NALCAB Network. To learn more about NALCAB and its Network, we recommend visiting our mission, strategy and programs pages.