The U.S. Bank Foundation (the Foundation) is seeking applications from nonprofit 501(c)(3) organizations, including 501(c)(3) fiscal sponsors, to support organizations alleviating barriers to high quality and sustainable affordable housing, digital access and workforce development, homeownership, small business products, programs and services and consumer financial health interventions.
Donor Name: U.S. Bank Foundation
State: Selected States
County: All Counties
Type of Grant: Grant
Deadline: 06/02/2025
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
The U.S. Bank Foundation’s five-year, $75 million Opportunity Fund will support organizations expanding opportunity access in low- to moderate-income communities.
The U.S. Bank Foundation created the Opportunity Fund to support key categories and core objectives:
- Small business
- Increase capital access and services to entrepreneurs
- Affordable housing development
- Expand access to affordable housing and affordable housing capital
- Homeownership
- Expand and provide access to homeownership programs, such as housing counseling, down payment assistance and more
- Digital access in rural and Native American communities
- Improve economic growth and quality of life through digital infrastructure, including broadband access, technical entrepreneurship and job creation
- Financial health
- Support the financial health needs of consumers.
Types of Grants
- Operating Grants – An Operating grant given to cover an organization’s day-to-day, ongoing expenses, such as salaries, utilities, office supplies, etc. They consider operating support requests from organizations where the entire mission of the organization fits within an Opportunity Fund grant focus area.
- Program / Project Grants – A Program /Project grant is given to support a specific, connected set of activities, with a beginning and an end, explicit objectives and a predetermined cost. They consider highly effective and innovative programs that meet the Opportunity Fund grant focus areas.
Funding Information
Anticipated grant size will range from $50,000 to $500,000 annually, accounting for organization size and scale and product and program reach.
Eligibility Criteria
The U.S. Bank Foundation Opportunity Fund is open to nonprofit 501(c)(3) organizations doing work in the 26 states in which U.S. Bank has branches. The Foundation will support organizations that use comprehensive strategies to deliver community impact.
Funding Restrictions
The U.S. Bank Foundation Opportunity Fund grant program will not provide funding for:
- Organizations that discriminate, including but not limited to, based on the basis race, ethnicity, color, sex, religion, age, national origin, ancestry, citizenship, sexual orientation, gender identity and/or expression, disability, marital status, genetic information, veteran status, or other factors that are protected by law
- Political action committees, candidates, causes, and lobbying
- Religious organizations, unless they are engaged in programs that are non-sectarian, and benefit a broad base of the community
- For profit organizations, fraternal organizations, merchant associations, memberships or 501(c)(4), (5), or (6) organizations
- Athletic, or sports teams, programs, or leagues
- Section 509(a)(3) – Type III supporting organizations
- Private foundations
- Endowments
- Fundraising events or sponsorships
- Grants specifically for travel, study and related expenses including student trips or tours
- Individuals, including those seeking scholarships or fellowship assistance
- Deficit reduction.
For more information, visit U.S. Bank Foundation.
