Foundation / Corporation
Old National Bank (ONB) Foundation
07/30/18 12:00 PM Noon CST / 1:00 PM EST
Grants ranging from $7,500 to $10,000 to Indiana, Illinois, Kentucky, Michigan, Minnesota, and Wisconsin nonprofit organizations to positively impact communities where the funding source has a business presence. If requesting support for capital campaigns, strategic investments, or large-scale initiatives, you must contact program staff prior to applying. Program areas include affordable housing, economic development, financial literacy, workforce development, and early education.
The Old National Bank Foundation believes that social responsibility is essential to fostering vibrant, sustainable communities. The Foundation realizes this belief through strategic partnerships with charitable organizations addressing defined community needs.
Old National Bank Foundation will foster communities that strive for impactful economic development, excellence and equity in education, and improved quality of life.
It is the Foundation’s wish to meet the needs of every community in the ONB’s footprint; however, funding will target innovative programs that enhance the quality of life within ONB’s communities in support of the following strategic initiatives, which are Economic Development, Workforce Development, Affordable Housing, Financial Literacy and Early Education. Priority consideration is given to programs that target low- to moderate-income families.
Examples of funding priorities with measurable outcome focus areas include:
-Increase homeownership opportunities
-Promote multi-family housing developments
-Enhance neighborhood stabilization and vitality
-Improve household stability
-Increase neighborhood revitalization initiatives
-Improve long-term sustainability of organizations in addressing community needs
-Strengthen community resource infrastructure
-Build knowledge/skills in savings, budgeting and debt management
-Build knowledge/skills in banking services
-Improve financial behaviors
-Build skills/knowledge and improve achievement gain
-Increase entrepreneurship initiatives
-Increase access to business coaching
-Increase job creation, employment entry, and retention opportunities
-Improve educational readiness and achievement
-Increase access to quality early childhood education
-Increase access to impactful mentoring programs
When reviewing proposals, preference is given to funding opportunities/initiatives that:
-Fit closely with the Foundation’s funding priorities
-Address community needs related to the Foundation's funding priorities
-Include financial commitments from a variety of sources
-Utilize an effective evaluation plan specific to the proposed funding opportunity/initiative
-Demonstrate measurable goals and outcomes
GrantWatch ID#: 141579
The average annual grant amount is between $7,500 and $10,000.
To be considered for grant funding, organizations 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.)
-Have their primary organization’s address located within ONB’s footprint
What the Foundation looks for in an applicant organization:
-Mission closely related to the Foundation’s priorities
-Diverse board and staff; reflective of the community being served
The ONB Foundation does not provide funding for the items or organizations below. This is not an exhaustive listing. Additional restrictions may also apply.
-Requests that will be used mainly for salaries or general operations
-School clubs/organizations, including, but not limited to bands, athletic or academic teams, booster clubs, PTO/PTA
-Meals, tickets, dues, memberships, fees, travel, tuition, subscriptions and other tangible benefits
-Meetings, conferences, workshops Childcare fees/subsidies or K-12 tuition
-Sponsorships, fundraisers, races, telethons, marathons, benefits, banquets, galas, golf tournaments, festivals or other events
-Scholarly or medical research Endowments or scholarships
-Summer programs or camps and field trips
-Feasibility studies, project research or development phases, including the costs of hiring consultants or planners
-Organizations that discriminate on the basis of race, culture, gender, sexual orientation, age or religion
-Political, labor, military, veteran’s, international or fraternal organizations
-Programs administered by religious organizations for religious purposes
-Debt retirement or funding of any activity that is already completed
-Contests, competitions, athletics, pageants, or talent contests
-A 509(a)(3) Type III supporting organization charity
Large-scale initiatives, capital campaigns or strategic investment requests will be accepted by invitation only. Please send an overview/executive summary of this funding opportunity for initial review by Foundation staff to the email address listed below.
Grant cycles are open for approximately 25 - 30 business days. Please submit your grant application well before the deadline to ensure receipt of your application.
Applicants should expect a period of up to 12 weeks from 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.
Applications for the Developing Partnerships Grant Programs will be accepted starting the first week of January 2018. The anticipated application period for the board meetings are listed below:
-Board Meetings: March 21, 2018
-Application Period: Jan 2 – Feb 5 at 12:00 Noon CST/1:00 EST (no exceptions)
-Board Meetings: June 20, 2018
-Application Period: Mar 26 – Apr 30 at 12:00 Noon CST/1:00 EST (no exceptions)
-Board Meetings: September 19, 2018
-Application Period: June 25 – July 30 at 12:00 Noon CST/1:00 EST (no exceptions)
Note: Some requests that are not eligible for funding through the Old National Bank Foundation may be eligible for a sponsorship. Please visit the Sponsorship section of the website to learn more:
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Apply for a Developing Partnerships Grant:
Foundation Grants are limited to organizations that have their main office located in a community in which an Old National Bank is located:
USA: Illinois; Indiana; Kentucky; Michigan; Minnesota; Wisconsin