How to Apply for a Smart Money Grant
(Please note: The grant period for submission of applications is closed for 2011)
The New York Credit Union Foundation provides support to credit unions offering programs and services that promote financial literacy and independence. The primary focus of this grantmaking program is to reach individuals and families of low and/or modest means.
Application Process
The online application form can be completed and submitted online if you have Adobe Acrobat Reader version 6 or higher installed. Please note that you will not be able to save the document electronically. Be sure to print a copy for your files before hitting the “Submit” button. If you are unable to submit the application via e-mail, please print the application and mail it to us.
Grant Range
$500-$1,500
Eligibility Requirements
All federal- and state-chartered credit unions located in New York State are eligible to apply. In addition, Smart Money applicants must be able to define anticipated program outcomes. The total amount of a grant award will vary for members and non-members of the Credit Union Association of New York.
Use of Grant Funds
Smart Money grants may be used for a variety of projects including, but not limited to, youth or adult financial education programs, homeownership programs or services, financial counseling, savings and wealth building initiatives, providing the “unbanked” with access to financial services and EITC tax preparation.
Deadlines
All Financial Fitness grant applications are due by September 1, 2011. Grant applications received by April 30 will be reviewed in early May, grants received after April 30 will be reviewed in September.
Review Criteria
NYCUF will evaluate the grant application based on your credit union’s financial need and performance.
Grant Award Limits
For Smart Money grants, the award limit is $1,500 per credit union. This does not mean that your credit union is guaranteed $1,500 from the Foundation. This is a competitive grantmaking process; applications are reviewed based on specific criteria for each program.
Questions? Contact Allison Barna or by phone at (800) 342-9835, ext.8134.
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Funding Source Funding is made possible thanks to New York credit unions that participate in the Community Investment Fund (CIF). |
