Capital Projects Funding

Posted by on January 21, 2013

Weinberg Foundation Announces Expansion of Capital Projects Funding to United States and Israel
Deadline: Rolling (Letters of Inquiry)

The Harry and Jeanette Weinberg Foundation, which assists financially disadvantaged and vulnerable individuals and families through grants (operating, program, and capital) to direct service organizations, has announced that it is permanently broadening its geographic focus for capital grants only.

Most of the foundation’s approximately $100 million annual grantmaking budget funds nonprofits in Maryland, Hawaii, northeastern Pennsylvania, Israel, and the states of the former Soviet Union. Normally, funding in the United States beyond the foundation’s “hometowns” is restricted to grants in the program areas of older adults and workforce development. But the foundation has announced that capital grants in all of the U.S. and Israel now will be considered in any of its program areas (subject to the foundation’s other grantmaking criteria).

Foundation grants are allocated through seven program areas and are focused on meeting basic needs such as shelter, nutrition, health, and socialization, and on enhancing an individual’s ability to meet those needs. The foundation’s grantmaking also emphasizes serving older adults and the Jewish community.

The foundation’s program areas include older adults; workforce development; basic human needs and health; disabilities; education; children, youth, and families; and general community support. (Please note that program and general operating grant opportunities remain restricted to the geographic preference listed for each program area.)

The foundation seeks to identify capital projects that meet the following requirements: specific plans already confirmed for the project, including value-engineered drawings or the equivalent and specific, confirmed project costs; at least 50 percent of the funds in signed pledges or cash-in-hand (a detailed certified list demonstrating this information will be required as part of the grant application); and services provided through the project consistent with the grantmaking criteria outlined by the foundation for the relevant program area.

The foundation will support up to 30 percent of the project’s cost, but there is no limit on project size. Also, the foundation prefers to provide support in the later stages of a capital campaign, after construction costs are fixed and a substantial portion of the funding has been raised.

Nonprofit 501(c)(3) organizations committed to assisting vulnerable and at-risk populations are eligible to apply.

Visit the Weinberg Foundation Web site for complete program guidelines, information on specific program areas, and instructions on submitting a Letter of Inquiry.

http://hjweinbergfoundation.org/news/capital-grants-change-now-permanent/