Applications are now open for the International Monetary Fund (IMF) Grants to support charitable organizations in the Washington DC metropolitan area and in member countries abroad, which focus primarily on fostering economic independence through education and economic development.
- The Grant Review Committee meets during February-March and final decisions are communicated to applicants in April. The average grant is US $15,000.
- Grant requests of up to $25,000 will be considered; The average grant amount is $15,000.
- To become eligible for the IMF’s grant program, applicant organizations must establish a profile in the Benevity causes portal.
- On a local and regional basis, they only fund non-profit organizations registered under section 501(c)3 of the United States Internal Revenue Code that serve the people and communities in the Greater Washington Region, which includes: (i) the District of Columbia; (ii) Montgomery and Prince George’s Counties in the State of Maryland; and (iii) the cities of Alexandria and Falls Church; and Arlington, Fairfax, Loudoun, and Prince William Counties in the Commonwealth of Virginia.
- On an international basis, the IMF will consider applications from non-profit organizations based outside the United States, provided they can demonstrate non-profit status in the country where they are headquartered and be organized and operated exclusively for charitable purposes. The IMF will also consider applications from non-profit organizations registered as 501(c)3 in the US but doing work internationally (location where beneficiaries and the project or initiative will primarily take place.)
- All applications will be fully vetted by the grant review committee. Applicants must have established records of effective performance and sound financial management (as reflected, for example, in recent audited financial statements).
- Applicants must also agree to report to the IMF on their use of grants received from the IMF.
- Grants will not be given to:
- Veterans’ associations, fraternities, sororities, and social clubs.
- Political, lobbying, or labor organizations.
- Private individuals or Individual petitions for scholarships, travel, or studies.
- Capital/infrastructure projects
- Fundraising events/galas.
- Faith-based organizations are eligible to apply for grants provided that the requested funding is restricted to a secular project that provides needed social services to the community at large on a non-discriminatory basis without any religious teaching, directive, or requirements to receive services. These programs should be independently run, have a formal mission and a separate program budget.
- Multiyear commitments cannot be made but organizations may reapply annually for grants. However, charities who received grants for three consecutive years will not be able to apply for the next two consecutive years.
For more information, visit International Monetary Fund.