With generous support from the Wells Fargo Foundation, NALCAB will provide capacity building grants of $30,000 and customized technical assistance (TA) to 10 organizations, prioritizing organizations located in Wells Fargo’s priority geographic markets.
Donor Name: National Association for Latino Community Asset Builders (NALCAB)
State: Selected States
County: All Counties
Type of Grant: Grant
Deadline: 09/18/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Less than 1 Year
Details:
The primary purpose of this award is to support a nationwide network of Latino- and immigrant-serving organizations to advance culturally relevant approaches to family financial health in low-and moderate-income Latino and immigrant communities. This program of grantmaking, technical assistance and training is intended to strengthen the delivery of financial capability services focused on:
- Integrating a culturally relevant financial curriculum into asset-building programs like homeownership and small business development services.
- Intentionally utilizing financial coaching to prepare participants to access capital for asset-building activities.
- Improving organizational capacity to track and report financial health outcomes, with a focus on improving credit, increasing savings, increasing income, and reducing debt.
- Prioritizing access to innovative financial products to boost family financial wellness, such as increasing savings, decreasing debt, or building or establishing credit.
Wells Fargo Priority Markets: NALCAB will focus on the following priority markets, as communicated by Wells Fargo:
- Georgia: Atlanta
- Illinois: Chicago
- North Carolina: Charlotte
- Texas: Dallas, Houston
- California: Los Angeles, San Diego, San Francisco
- Florida: Miami
- Tennessee: Nashville
- New York
- Pennsylvania: Philadelphia
- Arizona: Phoenix
- Missouri: St. Louis
- Washington, DC
- Minnesota: Minneapolis
Grant Period
October 1, 2024 – June 30, 2025.
Eligibility Criteria
Eligible applicants are any 501(c)(3) nonprofits who integrate, or plan to integrate, culturally relevant financial capability services into existing asset-building programs.
Applicants should demonstrate:
- A comprehensive and specific strategy that will result in meaningful and measurable impact and change for Latino and immigrant financial health.
- Organizational capacity to implement the proposed strategy.
- Budget and projected outcomes that align with the proposed strategy.
For more information, visit NALCAB.
