The Amity Foundation is currently accepting applications for its General Access to Funding for Small, Minority-Owned Businesses (Program Area 25).
Donor Name: Amity Foundation
State: California
County: Los Angeles County (CA)
Type of Grant: Grant
Deadline: 01/05/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: 3 Years
Details:
This program seeks to increase access to capital and other education and information, technical assistance, and community connections for aspiring entrepreneurs and small businesses who are system-impacted or face historic disinvestment that leads to small business start-up, retention, growth, and success. Applicants can include a single organization or a team of organizations that could provide programs for aspiring entrepreneurs and/or small, minority-owned businesses. Services for these businesses could include, but are not limited to, education programs, including academies and workshops; technical assistance; access to capital and space/facilities; mentorship and networking opportunities; and other customed entrepreneurship and small business development opportunities. Projects and programs may serve specific Districts/SPAs or countywide with a focus on system-impacted business owners and/or customers and other high and highest tier need communities or areas according to the ARDI Equity Explorer Tool, JENI index or JESI index.
Funding Information
- Funding available: $7,369,500
- Minimum amount of each award: $50,000 per year for three years ($150,000)
- Maximum amount: $400,000 per year for three years ($1,200,000)
Geographic Area Requirement
Applying organizations must have provided services within the County of Los Angeles for at least two years prior to the date of application.
- Fiscal sponsors must be based in the State of California.
- Funded projects must be located within the County of Los Angeles.
- Applicants must identify the specific location(s) to be served and provide ZIP code information.
Eligibility Criteria
- This funding opportunity is open to organizations that provide direct services to individuals and families and that have a minimum of 2 years of experience providing services in the Program Area for which they are applying. This includes:
- Non-profit organizations with 501(c)(3) status as determined by the Internal Revenue Service.
- Organizations applying through a fiscal sponsor.
- By the contract execution date, you must have a signed agreement in place with a fiscal sponsor that has been approved in writing by Amity, or the award will be rescinded.
- An acceptable fiscal sponsor will be a nonprofit organization that demonstrates sufficient experience as determined by Amity. Experience includes providing fiduciary oversight, financial management, insurance, and/or other administrative services to smaller organizations outside of / in addition to the applicant.
- Fiscal sponsors must be based in California, must be registered with the California Secretary of State for a minimum of one year prior to the application deadline, and must have a status of “Good Standing.”
- The fiscal sponsor must be willing to obtain insurance at the required amounts of coverage, and name the applicant (provider organization), the County, and Amity as additional insured.
- Amity will, at its sole discretion, determine if a fiscal sponsor’s documentation is sufficient and acceptable, or if additional information is needed. Amity reserves the right to not accept an applicant based upon review of a fiscal sponsor’s experience and documentation.
- Business entities (e.g., Limited Liability Corporation [LLC] determination, Professional Corporation determination).
- All applicants (or fiscal sponsors, if the applicant is applying with a fiscal sponsor) must be registered with the California Secretary of State for at least one year prior to the application deadline and have a status of “Good Standing.”
- Organizations / fiscal sponsors (if applicable) must be registered to do business in Los Angeles County / City of Los Angeles (business license) at the time of award.
- If you are applying with a fiscal sponsor, DO NOT provide the fiscal sponsor’s annual budget information. All applicants should provide their own organization’s annual budget / financial documents to fulfill the requirements
- Funding CANNOT go to projects that benefit Amity Foundation. Projects that take place on Amity campuses, recruit participants through Amity, or may, in any other way, benefit Amity Foundation will not pass eligibility requirements.
- No funds are to be used for law enforcement purposes.
For more information, visit Amity Foundation.
