Impact Grants Chicago recognizes the valuable work of the many local nonprofit organizations addressing the critical needs and social issues facing Chicago.
Donor Name: Impact Grants Chicago
State: Illinois
City: Chicago
Type of Grant: Grant
Deadline: 10/25/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: 2 Years
Details:
To support this work, Impact Grants Chicago annually awards $100,000 grants to Chicago nonprofits, providing them the funds to support high-impact projects and programs. They fund new programs or projects as well as the expansion or continuation of successful programs or projects.
The number of $100,000 grants to be awarded is announced in February of each year based on Impact Grant Chicago’s membership numbers. Each member joins with a $1,000 donation and 100% of these funds are pooled to create $100,000 grants. For every 100 members, one Impact Grant is awarded. Residual funds are awarded as Merit Grants to the remaining finalists for general operating support.
Focus Areas
- Culture: Projects or programs that develop, cultivate or enhance the cultural and artistic climate; or explore and educate others about the arts, cultural heritage and diversity in Chicago.
- Education: Projects or programs that advance or improve learning opportunities for children and/or adults, including job training, in Chicago.
- Family: Projects or programs that strengthen and enhance the lives of children and families in Chicago.
- Health: Projects or programs that improve the physical and/or mental well-being of people living in Chicago.
- Sustainability: Projects or programs that promote a positive and sustainable relationship between humans and their environment or help neighborhoods thrive by promoting healthy food systems through community gardening, urban agriculture or other activities in Chicago.
What Impact Grants Chicago Funds?
- Projects or programs that address an identifiable need within the organization or served population.
- Projects or programs that have a high impact on the organization and the community it serves. These may include new, existing or expansions of existing projects or programs.
- Projects may include capital expenditures or improvements, funding of program expenses, or a combination thereof.
Grant Period
Use the full amount of the grant within 24 months.
Eligibility Criteria
To apply for an Impact Grants Chicago grant, an organization must:
- Be classified as a “Public Charity” with tax-exempt status under Section 501(c)(3) of the Internal Revenue Code for a minimum of 36 months prior to applying for the grant.
- Be based and operate in the city of Chicago.
- Provide the majority of the services in the city of Chicago.
- Independently file an IRS Form 990 (unless exempt by federal law).
- Report total revenues for the last full fiscal year between $1,000,000 and $8,000,000 in the most recent 990. If exempt from filing 990, must meet revenue requirement in the audit.
- Be independently and separately audited. If your nonprofit is part of a consolidated organization, the consolidated audit must include consolidating statements (statement of activities and balance sheet) for the applicant, or must reflect the financial results presented in the IRS Form 990.
For more information, visit Impact Grants Chicago.
