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Grants to USA Nonprofits in Multiple States for Community Development, Housing, and Education Programs

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ELIGIBILITY:

Geographic Focus

USA: IllinoisIndianaKentuckyMichiganMinnesotaWisconsin

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Old National Bank (ONB) Foundation Grants

Old National Bank (ONB) Foundation


Agency: Foundation

GrantWatch ID #141579

Grant Description

Previous Page Version

Grants averaging $10,000 to Indiana, Kentucky, Illinois, Minnesota, Michigan, and Wisconsin nonprofit organizations for impactful programs and projects that improve the quality of life in communities served by the funding source. Funding is intended to address local needs in the areas of affordable housing, economic development, workforce development, education achievement, and financial education. Priority will be given to programs serving underrepresented residents and communities, low-to-moderate-income populations, and small businesses.

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

  • Increase access to apprenticeship and work-based learning programs
  • 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 including dual
    credentialing
  • Increase access to impactful mentoring programs

Financial Education: The Bank's Real-Life Finance e-learning curriculum provides robust financial education training for community partners at no charge. For further information, see https://www.oldnational.com/about/community/educating.

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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.

Corporate contributions are made to United Ways in communities where Old National has a business presence. The Old National Bank Foundation contributes annually to United Ways in their footprint. Due to this contribution, those United Ways receiving annual funding are not eligible for other grant opportunities.

The funding source looks for the following in applicant organizations:
• Mission closely related to the Foundation’s priorities
• Strong leadership/governance
• Diverse board and staff; reflective of the community being served
• Fiscal stability

Tuition assistance and childcare related costs will not be supported.

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

Additional Geographic Information:

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

Pre-Application Information:

Grant Application Cycles:
- Jan 3 – Jan 26 at 12:00 Noon CST/1:00 EST (no exceptions); Board Meeting Date March 16, 2022
- Apr 1 – April 27 at 12:00 Noon CST/1:00 EST (no exceptions); Board Meeting Date June 15, 2022
- July 1 – July 27 12:00 Noon CST/1:00 EST (no exceptions); Board Meeting Date September 22, 2022

Applicants should expect a period of up to 12 weeks from application deadline to final decision-making.

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

Due to the volume of applications received, the funding source may not be able to respond to all questions during the last three days of the grant cycle, so you are encouraged to submit well before the deadline to ensure receipt of your application.

Only one contribution per grantee will be funded each year.

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.

Additional Funding Information:

Estimated Size of Grant:

The average annual grant amount is $10,000.

Contact Information:

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