Wells Fargo announces a Notice of Funding Opportunity for Invest Native, a $20 million philanthropic commitment to Native American communities in six states.
Donor Name: Wells Fargo
State: Selected States
County: All Counties
Type of Grant: Grant
Deadline: 04/24/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: 1 Year
Details:
The Invest Native initiative aims to impact work within Wells Fargo’s four priority philanthropic pillars of Housing Access and Affordability, Small Business Growth, Financial Health, and Sustainability & Climate Resilience among Native American communities in Arizona, Montana, New Mexico, North Dakota, South Dakota, and Wyoming. The program is designed as a grantmaking initiative to support a more equitable and prosperous future for Native Americans.
Invest Native Pillars
Projects must align with a focus area that fits within one of Invest Native’s four pillars to be eligible.
- Small business growth: Focus is to primarily support initiatives that accelerate growth opportunities for established small businesses to help them scale.
- Sustainability and climate resiliency: Focus is to support sustainability initiatives that drive an equity-focused transition to a low-carbon economy, with a focus on mitigating climate impacts and facilitating transition opportunities in low- and moderate-income communities.
- Financial health: Focus is to invest in foundational structures and transformative solutions that address systemic inequities, build financial security, and advance wealth and legacy creation among historically marginalized communities.
- Housing affordability and access: Focus is to strive to foster interventions and innovative solutions that increase access to affordable, sustainable, and wealth-generating housing for vulnerable populations and communities.
Awards
- Capacity building and planning grants are one-year awards of up to $100,000 that support activities intended to improve your organization’s ability to serve your community in one of the four designated pillar areas.
- Implementation grants are one-year awards of up to $400,000 that support project and program costs aligned with one of the four designated pillar areas.
Eligibility Criteria
To qualify for Invest Native funding, an organization must meet all of the following:
- Be headquartered in and serve Native populations in at least one of the six Invest Native states including Arizona, Montana, New Mexico, North Dakota, South Dakota, and Wyoming.
- Be providing services under one of the four Invest Native pillars including: Housing Access and Affordability, Small Business Growth, Financial Health and Sustainability & Climate Resilience.
- Be Native led. This is defined as:
- an organization having a CEO or Executive Director with a Native background OR having at least 50% Native representation on the organization’s Board of Directors
- Be Native-serving: This is defined as:
- At least 50% of people served by the Invest Native grant are Native people.
- Be a Tribally Designated Housing Entity (TDHE), a 501(c)(3) organization, a Native Community Development Financial Institution (NCDFI) with a 501(c)(3) designation, OR a Community Development Corporation (CDC) with a 501(c)(3) designation.
For more information, visit Wells Fargo.
