Deadline: 22-Jan-21
The Provident Bank Foundation (PBF) is seeking applications for its 2021 Major grant that will focus on funding programs, projects, or initiatives that address immediate needs, create meaningful impact, and lead to sustainable community enhancement. PBF seeks to build relationships with organizations that have the capacity and drive to create systems change.
The Provident Bank Foundation was established in 2003 with the intent of supporting not-for-profit groups, institutions, schools, and other 501(c)(3) organizations that provide valuable services to the communities served by Provident Bank.
Priority Areas
Organizations applying for a Major Grant must measure their program’s impact in a manner that aligns with one funding priority area.
- Community Enrichment: Programs that drive economic development, contribute to a more well rounded community experience, serve those with special needs, and provide increased access to information and culture.
- Education: Innovative programming that expands access to, and improves the quality of, well-rounded educational experiences through strong academic support and curriculum development.
- Health, Youth & Families: Programs that ensure people of all ages and means have the ability to live healthier, more fulfilling lives, including access to quality healthcare, nutrition and wellness, and mentorship opportunities.
Funding Information
- In 2021, a Major Grant will provide funding over $5,000 up to and including $25,000.
Eligibility Criteria
- Tax Status:
- Organizations seeking a Major Grant from PBF must be certified as a tax exempt public charity under Section 501(c)(3) of the Internal Revenue Code and classified as “not a private foundation” under Section 509(a)(1) or 509(a)(2).
- Financial Requirements:
- PBF supports grantee organizations that meet high standards of governance, accountability, and fiscal management. To apply for a Major Grant, organizations must submit the following with the Letter of Intent:
- Audited OR reviewed financial statements from the most recent fiscal year end – If your organization does not have audited or reviewed financial statements, it is not eligible for a Major Grant.
- Form 990 from the most recent fiscal year end
- PBF supports grantee organizations that meet high standards of governance, accountability, and fiscal management. To apply for a Major Grant, organizations must submit the following with the Letter of Intent:
- Those invited to submit an Application will be required to submit the following:
- Itemized program budget using PBF’s required budget form template – The budget form template can be found on PBF’s website.
- Geography:
- Applicants must be based in, serve, or demonstrate impact in at least one community where Provident Bank has a physical presence within the following geographies:
- New Jersey: Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, and/or Warren County
- New York: Astoria (Queens)
- Pennsylvania: Lehigh Valley (eastern portion of Lehigh County and southeastern portion of Northampton County) and/or Bucks County
- Applicants must be based in, serve, or demonstrate impact in at least one community where Provident Bank has a physical presence within the following geographies:
- Active Grants and Prior Funding:
- Requests will not be accepted from organizations with active grants from PBF. Active grantee organizations cannot apply for additional funds until the following requirements have been met:
- The 12-month grant term on the most recent grant has concluded
- All required progress reports have been received
- The mandatory hiatus period stipulated by their grant contract has concluded (if applicable)
- Requests will not be accepted from organizations with active grants from PBF. Active grantee organizations cannot apply for additional funds until the following requirements have been met:
What PBF will not Fund
The Provident Bank Foundation does not accept requests from:
- Individuals
- Organizations not exempt under Section 501(c)(3) of the Internal Revenue Code
- Organizations not classified in Section 509(a)(1) or 509(a)(2)
- Organizations that use a third-party fiscal sponsor’s Tax ID number/exempt status
- Municipalities or government agencies
- In addition, Major Grants do not provide support for:
- Grants for scholarships to individuals
- Grants to other grant-making organizations
- Sacramental or theological functions of religious organizations
- Political causes, candidates, organizations, or campaigns
- Multi-year funding requests
- Sponsorships or fundraising events
For more information, visit https://www.theprovidentbankfoundation.org/guidelines