The Indianapolis African American Quality of Life Initiative (IAAQLI) invites eligible applicants to submit projects/programs that address strategies for Funding Equity and Capacity Development for Black Businesses.
Donor Name: Indianapolis African American Quality of Life Initiative (IAAQLI)
State: Indiana
County: Marion County (IN)
Type of Grant: Grant
Deadline (mm/dd/yyyy): 04/22/2022
Size of the Grant: $50,000 to $500,000
Grant Duration: 3 years
Details:
One of the Indianapolis African American Quality of Life Initiative’s (IAAQLI) goals is to strategically employ grant funds to invest in business development and entrepreneurship that will result in positive changes in critical issue areas where African Americans have measurable disparities in comparison to other citizens. IAAQLI has identified two strategies to respond to the need:
- Strategy 1: Funding Equity for Black Business Leaders
- Strategy 2: Black Business Capacity Development
The goal of each strategy of funding is to accomplish the following:
- Funding Equity for Black Business Leaders: Increase the access of Black businesses and entrepreneurs to various types of business development financing to create and operate business ventures with potential for scalability and long-term viability.
- Black Business Capacity Development: Increase opportunities for education, training, coaching, and mentoring and special learning experiences, that increase the knowledge, skill, professionalism, and long-term stability of entrepreneurs and businesses at all stages of their development
Funding Information
Under IAAQLI, NUL has committed $5,000,000 in funding for strategies to address these needs with grants ranging from $50,000 to $500,000 for up to 3 years.
Eligible Applicants
Funding is restricted to organizations that are public charities described in Section 501(c)(3) of the Internal Revenue Code (Code). To be eligible for a grant award through this RFP, preference will be given to organizations that are African American-led and that is embedded in communities serving African American residents in Marion County, Indiana. In reviewing applications, preference will be given to organizations that include a plan for measurable milestones, outcome reporting, and collaborative project/program teams.
These organizations may apply independently or decide to collaborate with other organizations to deliver project/program activities. If applying with a collaborating organization or with a consortium of organizations, the applicant must include a letter(s) of support from those collaborators (signed by their authorized official) in the application. A letter of support should outline the collaborator’s roles and contributions in delivering the required project/program, experience, expertise, and knowledge. It is preferred that collaborating organizations are based in Indiana and preferably, reside in Indianapolis. Collaborating organizations may or may not be African American-led or not-for-profit. Preference will be given to applicants with the following background:
- Experience in delivering financial support in the form of grants, loans, investments, and other financial services to the Black business community.
- Experience in delivering business support and advisory services to the Black business community.
For more information, visit Business and Entrepreneurship Grant.
