Deadline: 18-Jun-2024
The Capital Impact Partners is pleased to announce the Co-op Innovation Award to support cooperatives nationwide and build wealth creation opportunities for underestimated communities.
The purpose of the Co-op Innovation Award is to encourage cooperative growth and development in diverse communities and/or communities that experience systemic disinvestment. They want to amplify innovative models that can be replicated locally, regionally or nationally. The award is intended to support early-stage projects and provide catalytic capital that will attract other funders. It is important that projects are led or informed by the community and culturally relevant.
Funding is awarded for specific projects in diverse communities and/or historically marginalized communities and not for general operating funds for the organization.
Funding Information
- Winning organizations will receive a one-year grant of up to $50,000 to advance cooperative development in diverse communities/or communities that experience systemic disinvestment.
Eligibility Criteria
- Your organization must be a nonprofit 501c3, have a nonprofit 501c3 fiscal sponsor, or cooperative entity to apply. It is also required that you are engaged in work to empower diverse communities and/or communities that experience systemic disinvestment. There are no geographic restrictions within the United States; projects can be national, regional, or local.
- Priority will be given to food, worker, and housing co-op sectors, but all are invited to apply.
- You must apply for a specific project that has measurable outcomes in the next year.
- This project is meant to be seed funding for new, innovative initiatives although there should be a funding strategy in place. The grant should not be used for gap funding for projects that already have the majority of funding secured.
- Previous applicants can and are encouraged to apply. You will not be eligible for the award if you received the grant in 2023.
For more information, visit Capital Impact Partners.
