The Grants for Change program, administered by Invest in Others, is designed to provide financial support to nonprofits that focus on creating and enhancing opportunities for BIPOC communities, which include Black, Indigenous, and People of Color. This program aims to address various systemic issues faced by these communities by funding initiatives that promote equity and access in multiple sectors. The program is open to applicants from all states and counties across the United States, with a deadline for applications set for October 25, 2024. Grants can be awarded up to a maximum of $20,000, and the funding can be utilized for program support, seed money, and capital improvements.

The primary purpose of the Grants for Change program is to empower nonprofits that are actively working to improve the lives of BIPOC individuals. The objectives include enhancing business and internship opportunities, providing mentorship and support services, increasing access to education and job training, reducing racial disparities in healthcare, and addressing inequities in the criminal justice system. By funding these initiatives, the program seeks to create a more equitable society for marginalized communities.

Eligible applicants for this grant must be individuals working within the financial services ecosystem, which encompasses a wide range of professionals including financial advisors, asset managers, and employees of various financial institutions. Additionally, applicants must be active volunteers with the nonprofit organization they represent. It is important to note that individuals who have received a grant or have been recognized as finalists or winners in the Invest in Others Awards within the past five years are restricted from applying for the same charity but may apply for a different one. Nonprofits must also be U.S.-based and hold tax-exempt status under the Internal Revenue Code Section 501(c)(3).

The application process requires that applicants submit a proposal on behalf of only one nonprofit organization. This ensures that each application is focused and meets the program's criteria effectively. The program does not require any matching funds, making it accessible for nonprofits that may not have the resources to provide additional financial support.

In terms of evaluation, applications will be assessed based on their alignment with the program's objectives and the potential impact of the proposed initiatives on BIPOC communities. Specific evaluation criteria have not been detailed, but applicants can expect their proposals to be reviewed for clarity, feasibility, and relevance to the funding goals.

The timeline for the Grants for Change program includes a clear deadline for submission on October 25, 2024. As the program is recurring, interested applicants should stay informed about future cycles and deadlines. For further information, potential applicants can visit the Invest in Others website or contact them directly via email. This program represents a significant opportunity for nonprofits dedicated to fostering change and supporting BIPOC communities through targeted initiatives.