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Foundation Announces New Grant for Community-Based Organizations

(July 17 - Albany, NY) – The New York Credit Union Foundation recently announced a new grant-making program designed to provide community-based organizations with funding for financial education programs and services.

Grants of $500 to $2,500 will be awarded to non-profit organizations located in New York State that partner with credit unions to implement their projects.

Many types of projects will be considered for funding, including, but not limited to: youth or adult financial education programs; homeownership programs or services; financial counseling; providing the "unbanked" with access to transaction services; microfinance loans; savings building awareness; tax preparation; entrepreneurship; train-the-trainer programs; activities that prepare students and teachers for a successful learning experience; programs that develop leadership skills of students and educators; and collaborations between credit unions and schools or community organizations.

"Through this grant-making program, credit unions will be able to offer their local community-based organizations another potential funding source," said Diane LaVigna-Wixted, executive director of NYCUF. "We hope to support existing partnerships and encourage new ones."

Applications will be accepted on a rolling basis through Oct. 31, 2008 and may be downloaded by visiting http://www.nycuf.org/community_orgs.shtml . Applicants will be notified within five weeks from the date of receipt.

To be eligible for consideration, 501 (c) (3) non-profit organizations must be located in New York State with a full-time professional staff, deliver programs and services in New York State and have a credit union as a project partner.

Funding for community-based organizations grants is made possible through the Community Investment Fund (CIF).

The New York Credit Union Foundation serves credit unions, schools and community organizations that improve the financial literacy and independence of New Yorkers and promote the credit union difference. For more information about the Foundation, visit www.nycuf.org.