Deadline: 30-Aug-20
The Sorenson Impact Foundation (SIF) is inviting potential grant recipients to propose solutions that can contribute to a more equitable and resilient recovery from the COVID-19 pandemic and resulting economic crisis. SIF is specifically targeting solutions that enable recovery through developing and growing businesses as well as the communities they’re in to equitably rebuild coming out of the current social, health and economic crisis.
The Sorenson Impact Foundation invests in innovative, scalable solutions to the world’s most pressing issues. As an impact investor, SIF seeks to simultaneously support social entrepreneurs while also building impact investing field overall and crowding in new investors who can using their investment dollars to “do good”. The Sorenson Impact Foundation has investments on five continents and across asset classes and sectors.
They are seeking proposals across the following three focus areas:
- Equitable Access to Wealth Creation through Entrepreneurship: Solutions that enable and empower successful entrepreneurship for underserved or underrepresented communities such as people of color, women and entrepreneurs in rural areas.
- Democratized Access to Capital and Community Investment: Solutions that enable more equitable access to capital for entrepreneurs in underserved or underrepresented communities. This focus area includes empowering and expanding community investment activity.
- Workforce Development: Solutions to help communities develop the skills and training required for the jobs of the future in a post-pandemic world.
Funding Information
- Awards will range in size from $25,000 to $250,000.
- If selected as a finalist, applicant will be notified via email in September. Final awards will be made starting in October-November 2020 on a milestone basis.
Submission Criteria
- Solutions must be primarily focused on the United States
- Solutions must be targeting underserved and underrepresented communities
- Strength and readiness of applicant organization and team
- Potential for high impact
- Alignment with the foundation’s stated grant priorities
- Potential to be a sustainable solution after grant funding has been used
- Scale and reach potential
- Innovation and incorporation of learning’s from the attempts of others to tackle similar problems in the past
- Strength of partnerships and network within the industry to grow and expand
- Strategy’s focus on coordination and collaboration as well as an ability to leverage existing solutions and progress.
For more information, visit https://sorensonimpactfoundation.org/grant-rfp/