Foundation / Corporation
09/14/18 6:00 PM EST
Grants starting at $2,500 to Arizona, Connecticut, Florida, Georgia, Iowa, Massachusetts, Minnesota, New York, and Pennsylvania nonprofits, government agencies, and faith-based organizations in eligible areas for programs that promote financial resilience in youth. Eligible program areas are STEM education and financial literacy. The Foundation supports programs with well-defined metrics and measurable outcomes that all work toward the same goal – to help create financially resilient youth.
Voya Foundation grants are focused on Financial Resilience. The Foundations works to ensure that youth are equipped with Science, Technology, Engineering and Math (STEM) expertise and financial knowledge necessary to compete in the 21st century workforce and make smart financial decisions that lead to a secure retirement.
This is accomplished by accepting year-round grant applications from organizations that:
1. Provide innovative and experiential K-8 STEM learning opportunities to promote an early interest in STEM career fields, and improve teachers’ capabilities in STEM; or
2. Provide financial education curriculum to grade 9-12 students focused on navigating major financial milestones including student debt, credit, home ownership, financial products and services/financial capability, and family needs.
The Foundation helps youth prepare for the changing talent and skill needs of the employment landscape. Readiness for the 21st century workforce makes individuals better able to face challenges in finding and/or keeping employment and may help lead to a stable income over a lifetime as a means to financial resilience.
Children’s education focus is guided by research and experience. The most impactful programs that help prepare youth for the 21st century workforce start early and provide participants with hands-on, experiential STEM learning opportunities. For that reason, the Foundation supports organizations that fund high quality, experiential STEM learning opportunities for children in grades K-8.
Programs are evaluated based on improvements in covered STEM concepts and increased interest in STEM careers generated over the course of the program.
Additionally, Voya Foundation’s research has shown that another key indicator of the effectiveness of STEM education lies in the experience and credentials of STEM teachers themselves. For that reason, as part of the focus on assisting teachers across the United States, the Foundation also accepts grant proposals from organizations providing STEM training and education opportunities to current or aspiring K-12 teachers.
Voya's financial literacy focus is guided by research and experience. Voya believes that the most impactful financial literacy programs teach youth how to navigate life’s financial milestones and occur right as participants are on the cusp of achieving financial independence. For that reason, the Voya Foundation supports organizations year-round that provide financial literacy curriculum to students in high school (grades 9-12). Programs must cover several or all of the important financial milestones listed below:
- Student debt
- Investing and understanding of financial products and services (financial capability)
- Family financial planning
The success of financial literacy partners is measured by improvements in knowledge of the above topics as well as participants’ increased interest in careers in business, finance and financial services.
If your organization would like to start a financial literacy program but does not currently have the appropriate curriculum described above, please submit a grant application with a basic description of your program and your need for that curriculum. Voya Foundation has existing partners who it may connect you with in order to provide support to develop your financial literacy program. There may be an associated cost, which Voya Financial will only cover in certain circumstances.
GrantWatch ID#: 169155
Voya Foundation does not accept proposals of under $2,500.
Grant awards are made on a one-time basis and are not an indication of long-term support, unless otherwise specified in a grant agreement with a signature partner.
Voya Foundation supports the following:
- 501(c)(3) nonprofit organizations that provide unique programming and/or community outreach initiatives directed toward the primary areas of focus;
- Strategic partnership opportunities aligned with our commitment to K-8 STEM education and K-12 STEM teacher training, and grade 9-12 financial literacy focusing on life’s financial milestones;
- Scholarships to students of achievement exclusively via our Voya Scholars program; and
- Initiatives supporting disaster relief and employee engagement that may not contain STEM or financial literacy aspects. These partnerships are considered only in cooperation with relevant Voya Financial committees and solicitation for new partnerships in these arenas is not accepted.
Grant proposals will be evaluated by the following criteria:
- Nonprofit meets Voya Foundation nonprofit eligibility guidelines.
- Nonprofit is not an affiliate of a national organization with a Voya Foundation partnership, except in case of special circumstances.
- Nonprofit is a U.S. domestic entity and programming support is for beneficiaries in the U.S.
- Nonprofit submits a proposal for a program or initiative that aligns with Voya Foundation’s giving priorities
Nonprofits must serve one or more of the following areas:
- Metro Atlanta, GA
- Metro Boston, MA
- The Des Moines, IA area
- Metro Hartford, CT
- Metro Jacksonville, FL
- The Minneapolis, MN area
- New York City, NY
- Scottsdale, AZ
- The West Chester, PA area
Ineligible Organizations or Activities:
-Any organization that discriminates on the basis of faith, gender, creed, race, national origin, sexual orientation or gender identity, in terms of participation in programs, employment, or benefits of employment.
-Greek-letter/professional honor societies.
-Political, legislative and/or lobbying causes.
-Scholarships to individuals/limited beneficiaries/based on discriminatory criteria.
-Youth and adult athletic leagues, teams and sporting events.
-Employee donor-advised accounts, family funds/charities or other funds where an employee can redirect future disbursements.
-Employee match of tuition to any private or public educational institution (e.g., elementary, secondary, technical/vocational, university/college).
-Capital and/or endowment campaigns or building funds.
-Dues or subscription fees.
-Participants may not receive goods, services or benefits in return for their own or Voya Foundation’s donations.
Also ineligible are certain educational organizations that:
-Discriminate on the basis of faith, gender, creed, race, national origin, gender identity, or sexual orientation.
-Are not accredited by a nationally recognized accreditation body.
-Are seminaries or theological schools that require students’ participation in a particular faith-based curriculum.
-Are evangelical organizations.
Grant Application Process
All grant proposals or request for funding must be submitted through the online system accessible through Voya.com. Proposals that are mailed, emailed or requested in person will not be considered.
Grant requests are reviewed throughout the year. Grant applicants should check the online system for quarterly deadlines, which are subject to change. Applications are not guaranteed a review within a specified time.
All Q3 applications are due by 6:00 pm EST on Friday, September 14th. Decision letters will be sent out starting after October 31, 2018.
Voya Foundation recommends that all applicants apply early in a cycle as deadlines are subject to change.
Due to the volume of inquiries received, Voya Foundation is unable to hold preliminary conversations with applicants. If you believe your organization’s program focus aligns with the giving priorities, please apply online and staff will be in contact if they would like to fund your proposal or more closely tailor it to meet the Foundation's needs.
USA: Arizona: Scottsdale; Connecticut: Metro Hartford; Florida: Metro Jacksonville; Georgia: Metro Atlanta; Iowa: Des Moines area; Massachusetts: Metro Boston; Minnesota: Minneapolis area; New York City; New York; Pennsylvania: West Chester area