Foundation / Corporation
06/15/18 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 provides grants and establishes signature partnerships under the umbrella of Financial Resilience: ensuring that youth are equipped with the STEM expertise necessary to compete in the 21st-century workforce and the financial literacy skills necessary to make smart financial decisions that lead to a secure retirement.
Voya believes that 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.
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.
In addition, Voya Foundation provides funding to a select group of partners to promote employee engagement and disaster relief. Voya Foundation is not currently soliciting new partnerships in employee engagement or disaster relief.
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.
Nonprofit Eligibility Guidelines:
-Must be an organization recognized by the Internal Revenue Service as tax-exempt under 501(c)(3) or 509(a)(1, 2 or 3) of the Internal Revenue Code or as an instrumentality of a federal, state or local government as provided by Section 170(c)(1) of the Internal Revenue Code.
-May be a program, subject to compliance pre-clearance (PARC/Pay-to-Play Considerations), that operates under a religious organization or house of worship’s employer identification number (EIN) provided it does not discriminate on the basis of faith.
-May be an organization with an advocacy wing that performs services for the greater good (subject to pre-clearance with External Affairs and Corporate Communications from a reputational perspective).
-May be an international organization if it has a U.S. location and is a 501(c)(3) organization.
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
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 (see below).
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 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 Q1 applications are due by 6:00pm EST on Friday, June 15th. Decision letters will be sent out starting after July 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: Hartford; Florida: Jacksonville; Georgia: Atlanta; Iowa: Des Moines area; Massachusetts: Boston; Minnesota: Minneapolis area; New York City; New York; Pennsylvania: West Chester area