The Pritzker Traubert Foundation is proud to announce Chicago Prize 2022 as part of a larger $30MM commitment to community development on the City’s South and West side over the next five years, and as part of broader $100MM+ commitment to increase access to opportunity for more residents across Chicago.
Donor Name: Pritzker Traubert Foundation
State: Illinois
City: Chicago
Type of Grant: Award
Size of the Grant: $10MM
Deadline: 03/01/2022
Detail:
Chicago Prize 2022 is designed to meet communities where they are; provide access to networks, grants, and feedback to advance their vision that is customized to their needs; and infuse initiatives with significant resources. It aspires to accelerate bold ideas, help projects navigate the complex development process, and bring new partners to the table, including other funders. They are especially proud to partner with We Rise Together, an unprecedented coalition of partners from across philanthropy, business, and communities committed to equitable recovery from COVID-19 in Chicago’s Black and Brown communities.
Chicago Prize 2022 invites proposals from community-led initiatives with a compelling vision for how investments in the built environment can create lasting economic impact and build wealth for their neighborhoods. The initiatives should be led by diverse coalitions of community leaders, experts, and other stakeholders with expertise to implement their plans and maximize the impact of the Chicago Prize award.
The strongest proposals will include the following attributes:
Team
- Does the team have the community-based leadership, development expertise, and program partners needed to successfully implement the proposed initiative?
- Is there evidence of strong community involvement in the initiative’s development and operations?
- Is the team leadership credible in the community and capable of leading this effort?
Impact
- Will this initiative create significant and sustained economic impact in and for the community?
- Will this initiative be catalytic in attracting additional investments in the neighborhood?
- Does the community lead, its designees, or others in the community have an equity stake in the project or other path to wealth creation?
Feasibility
- Does the team provide a credible plan for designing, funding, and managing successful construction of the project(s)?
- Will the project be financially self-sustaining?
- Is the lead project “investment-ready”?
Leverage
- Does the initiative effectively leverage the Chicago Prize grant to attract additional public and private investment?
- How does the initiative leverage other investments in the community?
Eligibility Criteria
- The initiative must be led by a US-based registered 501(c) (3) non-profit organization located in or near the community that will host the proposed initiative. Chicago Prize 2022 initiatives should include at least one major “investment-ready” project.
- The awarded initiative will be in one or more of the communities listed below. Your initiative’s geographic footprint does not need to conform to community area boundaries and could range from single building to multiple community areas.
- West Side: Humboldt Park, West Town, Austin, West Garfield Park, East Garfield Park, Near West Side, North Lawndale, South Lawndale, Lower West Side
- South Side: Armour Square, Douglas, Oakland, Fuller Park, Grand Boulevard, Kenwood, Washington Park, Hyde Park, Woodlawn, South Shore, Bridgeport, Greater Grand Crossing
- Southwest Side: Garfield Ridge, Archer Heights, Brighton Park, McKinley Park, New City, West Elsdon, Gage Park, Clearing, West Lawn, Chicago Lawn, West Englewood, Englewood
- Far Southeast Side: Chatham, Avalon Park, South Chicago, Burnside, Calumet Heights, Roseland, Pullman, South Deering, East Side, West Pullman, Riverdale, Hegewisch
- Far Southwest Side: Ashburn, Auburn Gresham, Beverly, Washington Heights, Mount Greenwood, Morgan Park
- The Pritzker Traubert Foundation welcomes applications from lead organizations that are US-based, nonprofit 501(c)(3) organizations or entities that have a recognized legal existence and structure under applicable law (State, Federal or Country) and that are in good standing in the jurisdiction under which they are organized. Lead organizations must be based in the United States or its territories. Organizations in the following categories are eligible organizations and may submit proposals as the lead organization:
- An organization under section 501(c)(3) of the Internal Revenue Code (“IRC”) that has received a tax determination letter from the IRS.
- A private foundation under section 501(c)(3) of the IRC that has received a tax determination letter from the IRS.
- A public college or university under section 501(c)(3) of the IRC that has received a tax determination letter from the IRS.
- Proposed initiatives must take place in, and benefit residents from, Chicago’s south or west sides to remain eligible.
- All potential applicants are strongly advised to review and complete the Chicago Prize Self-Assessment Tool in order to confirm eligibility and fit for the Prize. Applicants who are not able to respond affirmatively to most of the questions listed within the tool are not likely to advance.
- Lead organizations are welcome to partner with for-profit companies, foundations, schools, colleges and universities, government agencies, and other entities in order to implement the initiative. Teams may include experts and partners based outside Chicago. Teams should also include individuals/organizations with a strong and successful track record of leading similar neighborhood initiatives to revitalize physical space at scale.
For more information, visit Chicago Prize.
