The Ion Bank Foundation is inviting applicants for its Community Grant Program.
Donor Name: Ion Bank Foundation
State: Connecticut, New Jersey
County: Hartford County (CT), Litchfield County (CT), Morris County (NJ), New Haven County (CT)
Type of Grant: Grant
Deadline: 05/31/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The mission of the Ion Bank Foundation is to support programs and organizations that will contribute to the betterment of the communities it serves.
Types of Grants
The Ion Bank Foundation awards both designated and competitive grants.
- Designated grants will be made to organizations selected by the Ion Bank Foundation and will not be required to submit an application for this funding. Organizations will be notified by Ion Bank Foundation about the schedule for distribution and amount of their funding immediately after these awards are made.
- Competitive grants are made for programs and capital needs. The Foundation will primarily fund direct costs incurred in starting or improving a program. However, indirect/overhead expenses are permitted as a line item – overhead above 10% of request must be documented in the Budget Narrative. Specifically, Ion Bank Foundation seeks projects that align with the Ion Bank Foundation’s priorities. The priorities are:
- Affordable housing and rehabilitation
- Community services; including but not limited to, healthcare, education, job training, social services, child care, and credit or financial services
- Economic development
- Revitalization or stabilization of distressed or underserved areas
In addition, the Ion Bank Foundation looks for strong proposals that:
- Address demonstrated community need.
- Summarize the organization’s track record in successfully implementing programs.
- Adopt evidence-based programs and models, when appropriate.
- Demonstrate potential for leveraging additional or sustaining support.
- Clearly explain the project plan and provide a realistic budget that aligns with stated goals.
- Advance community plans and priorities, when applicable. Preference is afforded to those requests with broad, visible community involvement in the design and fundraising for the project.
- Include alliances and collaborative ventures between organizations, especially in cases where a partnership is essential for program success.
- Describe your local presence and benefits to Hartford County, Litchfield County, or New Haven County in Connecticut and Morris County in New Jersey.
Funding Information
Ion Bank Foundation fall in the $1,000-$10,000 range.
Eligibility Requirements
- An applicant must be a non-profit organization recognized under Section 501(c)(3) of the Internal Revenue Code, a municipal entity seeking a grant for public purposes or a religious organization seeking a grant for nonsectarian projects primarily associated with foundation priorities.
- Applicants must be in, or serving communities with Ion Bank’s defined assessment area for Community Reinvestment Act (CRA) purposes which includes:
- Connecticut: Hartford County, Litchfield County, and New Haven County.
- New Jersey: Morris County.
- Applicant must have a board of at least 3 representatives of the community, of which a majority is neither employees nor relatives of employees.
- All Connecticut applicants must possess a Nonprofit Registration to Solicit Funds (or exemption, if appropriate) from the Connecticut Department of Consumer Protection.
For more information, visit Ion Bank Foundation.
