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Old National Bank (ONB) Foundation Grants

Grants to USA Nonprofits in Multiple States
for Community Development Programs

Agency Type:

Foundation / Corporation

Funding Source:

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Old National Bank (ONB) Foundation

Deadline Date:

07/28/21 12:00 PM Noon CST / 1:00 PM EST

Description:

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Grants to Indiana, Kentucky, Illinois, Minnesota, Michigan, and Wisconsin nonprofit organizations to positively impact communities. Funding is intended to promote communities that seek to achieve impactful programming and improve the local quality of life. Program areas include affordable housing, economic development, workforce development, financial literacy, and education. Eligible applicants are located in a community in which there is a branch of Old National Bank. With the impact of COVID-19, priority is given to applicants who are providing services dedicated to community stabilization and recovery within the funding priorities.

Priority consideration is given to programs that serve low- to moderate-income populations/communities and small businesses. As part of the Fund's commitment to diversity, equity, and inclusion, they also seek to support programs that focus specifically on enhancing opportunities for education, economic empowerment, mentorship, and inclusion for underrepresented people and communities. Examples of funding priorities with measurable outcome focus areas include:

Affordable Housing

  • Increase homeownership opportunities
  • Promote multi-family housing developments
  • Enhance neighborhood stabilization and vitality
    through home revitalization and repairs

Economic Development

  • Increase neighborhood revitalization initiatives
  • Strengthen community resource infrastructure
  • Increase business development and growth

Workforce Development

  • Build skills/knowledge and improve achievement gain
  • Increase entrepreneurship initiatives and business
    coaching/training
  • Increase job creation, employment entry, and retention

Education Achievement

  • Improve educational readiness and achievement
  • Increase access to quality education
  • Increase access to impactful mentoring programs

Financial Literacy: The Bank's Real-Life Finance e-learning curriculum provides robust financial literacy training for community partners at no charge. Click here to learn more before completing an online grant application. https://www.oldnational.com/about/community/educating

GrantWatch ID#:

GrantWatch ID#: 141579

Estimated Size of Grant:

The average annual grant amount is $10,000.

Additional Eligibility Criteria:

To be considered for funding, an applicant must be a nonprofit organization and have obtained recognition of tax-exempt status under Section 501(c)(3) as a public charity under Code 509(a) and in good standing. (If an organization is exempt under Section 509(a)(3), it must be Type I or Type II.)

Applicants must have their primary organization’s address located within ONB’s footprint and serve the communities where the Bank operates

Priority consideration will be given to organizations that have not received significant sponsorship dollars from Old National in the same calendar year as their Foundation grant request.

In an effort to allow enough time for outcomes to be fully realized, a minimum 12-month waiting period is required for previous Foundation grantees. While applicants are eligible to apply 12 months after final payment and all reporting is received, priority consideration is given to applicants who have not received funding in the previous two years.

Restrictions: https://www.oldnational.com/docs/default-source/foundation/onb-foundation-guidelines-and-faq.pdf#page=3

Pre-Application Information:

The anticipated application period for the board meetings are listed below:

- Board Meetings: March 17, 2021
- Application Period: Jan 4 – Jan 27 at 12:00 Noon CST/1:00 EST (no exceptions)

- Board Meetings: June 16, 2021
- Application Period: April 1 - April 28, 2021, at 12:00 Noon CST/1:00 EST (no exceptions)

- Board Meetings: September 15, 2021
- Application Period: July 1 - July 28, 2021, at 12:00 Noon CST/1:00 EST (no exceptions)

Applicants should expect a period of up to 12 weeks from the application deadline to final decision-making. Grants are awarded on a competitive basis and, if approved, the grant amount may be lower than your original request. Current grantees must wait 12 months after final payment before submitting another grant application.

Grant cycles are open for approximately 18 -20 business days. Please submit your grant application well before the deadline to ensure receipt of your application.

Large-scale initiatives or capital campaigns will be accepted by invitation only.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply for a grant: https://oldnational.smartsimple.com/

Direct questions to: grantsandsponsorships@oldnational.com

Grant Coverage Areas:

Foundation Grants are limited to organizations that have their main office located in a community in which an Old National Bank is located: https://www.oldnational.com/locations

URL for Full Text (RFP):

Geographic Focus:

USA: Illinois;   Indiana;   Kentucky;   Michigan;   Minnesota;   Wisconsin

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