Applicants are invited to apply for the 2023 RSI Foundation Grants Program.
Donor Name: RSI Foundation
State: New Jersey
County: Union (NJ) and Middlesex (NJ)
City: Rahway
Type of Grant: Grant
Deadline: 09/15/2023
Size of the Grant: $2,500 – $25,000
Details:
Created from the merger between Columbia Bank and RSI Bank in 2022, the RSI Foundation’s purpose is to continue the tradition of community giving that was critical to RSI Bank.
RSI Foundation works together with Columbia Bank, Columbia Bank Foundation, community organizations and other charitable foundations to make a difference in the communities formerly served by RSI Bank.
Focus Areas
The philanthropic work is based in two areas of focus:
- Partnering with marginalized populations
- RSI partner with groups helping those who may be unable to meet their basic needs due to physical, mental, economic, or social circumstances or constraints.
- Improving neighborhood quality of life
- RSI support organizations, projects and initiatives that contribute to the health, happiness and well-being of people who live within the community.
Funding Information
Grant awards typically range between $2,500 – $25,000. Larger or smaller grant amounts may be considered by the Board but limited based on available funding.
Eligibility Criteria
Organizations and programs or projects must meet all of the criteria below:
- Applicant organization is a tax-exempt charitable organization under section 501c3 of the Internal Revenue Code, government agency, or religious institution
- Applicant organization is in good standing with the IRS
- Applicant organization has been in operation for at least one year
- Applicant organization demonstrates a need for private financial support
- Program or project demonstrates impact in the Foundation’s geographic area of focus (Rahway, NJ and/or the surrounding communities in Union and Middlesex Counties)
- Program or project has direct relevance to the Foundation’s areas of focus
The foundation does not financially support:
- Political organizations or candidates running for office
- Individuals
- Fraternal organizations
- Labor organizations
- Endowment funds
- Benefit fundraisers (such as event sponsorships, dinner tickets, tricky tray events)
- Sports-booster clubs
- General operations funding requests (indirect costs that support the operations of the applicant organization)
Evaluation Criteria
Applications will be reviewed based on, but not limited to, the following criteria:
- Specific Community Need
- The program/project addresses a specific need in the community and falls within the Foundation’s areas of focus.
- Measurable Impact
- The program/project offers a clear, measurable impact or benefit to the community as a whole or a special segment of the population.
- Achievability
The program or project is achievable with the resources (staff/volunteer, financial, history of programs) of the organization
- Realistic Expectations
- The program or project has outlined a realistic goal, timeline, and reasonable budget.
For more information, visit RSI Foundation.
