The Veridian Credit Union’s Successful Financial Future Grant is a funding opportunity aimed at supporting nonprofit organizations that focus on overcoming barriers to financial stability. This grant specifically targets initiatives that educate individuals in financial literacy and employment readiness. The program is a collaboration between Veridian Credit Union and the Community Foundation of Northeast Iowa, with funding made possible through the Veridian Credit Union Fund. The grant is available to organizations operating within the service areas of Iowa and Nebraska.

The primary purpose of the grant is to enhance financial stability in communities by empowering individuals through education and resources. The objectives include improving financial literacy and increasing employability among residents in the specified regions. By providing financial support, the grant aims to foster successful financial futures for individuals and families in need.

Funding for the grant is capped at $5,000 and is intended for general operating expenses of eligible nonprofit organizations. The grants are designed to strengthen communities by enabling organizations to implement programs that promote financial stability. The funding is not restricted to specific projects but can be used to support the overall mission of the organization.

To be eligible for the grant, organizations must be classified as 501(c)(3) public charities by the IRS. They must serve residents in all 99 counties of Iowa or in selected counties in Nebraska, including Cass, Douglas, Lancaster, Sarpy, Saunders, and Washington. Additionally, organizations in Minnesota must serve Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington, and Wright counties. Organizations that have previously received funding must also be in good standing with all grant reporting requirements.

Certain groups are not eligible to apply for the grant. These include government entities, organizations applying through a fiscal sponsor, and those whose primary purpose is to raise funds for other organizations. Additionally, organizations that require participants to engage in religious programming are also excluded from eligibility. Applications must be submitted on time and in complete form, as late or incomplete submissions will not be considered.

The evaluation of applications will prioritize organizations with a proven track record in improving financial literacy and employability, those using evidence-based approaches, and those demonstrating financial and organizational strength. A commitment to diversity, equity, and inclusion, as well as collaborative work practices, will also be considered favorably in the evaluation process.

The deadline for submitting applications for the Veridian Credit Union’s Successful Financial Future Grant is October 15, 2024. Interested organizations are encouraged to review the specific requirements and prepare their applications accordingly. For further information, potential applicants can reach out to Sherita Jenkins at the Community Foundation of Northeast Iowa via email or phone.