The New Jersey Office of Faith-Based Initiatives (OFBI) is seeking applications for its Social Enterprise Entrepreneurship Development to support Faith and Community-Based Organizations (FBCOs) to develop and launch social enterprise ventures that employ earned income strategies to directly address social needs through goods and services.
Donor Name: New Jersey Office of Faith-Based Initiatives (OFBI)
State: New Jersey
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 05/26/2022
Size of the Grant: $15,000 – $25,000
Details:
- SE2D Growth will provide capital formation investments (grants) to existing SEVs with the intent to leverage the SE2D Projects capital investment with other private investments designed to grow and eventually scale the enterprise.
- SE2D Start-up will provide capacity-building capital to nonprofit organizations that are in the emergent stage of forming SEVs and require intensive training and technical assistance, business plan development, and executive staff mentoring, in an effort to move them from the idea creation phase to the mission phase. The mission phase is the prototyping and testing of their social value proposition based on the recognition of an opportunity.
Funding Information
- SE2D Growth- $25,000.
- SE2D Start-up – $15,000.
Eligibility Criteria
- Applicants must be a non-profit Faith and/or Community-Based Organization serving low-income residents;
- Applicants must be tax-exempt by determination of the Internal Revenue Service in accordance with Section 501(c)(3) and upload their IRS Determination Letter that states that the organization is created for charitable purposes and not for religious purposes;
- Applicants must be registered with the NJ Division of Consumer Affairs and have a valid Charity Registration Number and be IN COMPLIANCE with the New Jersey Division of Consumer Affairs, Charitable Registration, and Investigation Section
- Be registered with the NJ Department of Treasury – Division of Revenue and Enterprise Services and must have a valid Business Revenue Number;
- Be IN GOOD STANDING with the Department of Treasury – Business Service Center
- Applicants must have their Certificate of Incorporation.
For more information, visit Social Enterprise Entrepreneurship Development.
