Fannie Mae Foundation Grants Available

Posted by on March 25, 2005

Fannie Mae Foundation Opens Competitive Grant Application Process

Deadline: March 31, 2005

The Fannie Mae Foundation ( <a href="http://www.fanniemaefoundation.org/">http://www.fanniemaefoundation.org/</a> ) awards grants to nonprofit organizations that work to create affordable homeownership and housing opportunities in cities, towns, and rural areas across the United States.

The foundation will award most of its 2005 grants by directly soliciting proposals from organizations with the demonstrated capacity to engage in strong partnerships with the foundation. However, to allow the foundation to identify potential partners and/or respond to unique community needs, the foundation will make available a limited amount of grant funding for nonprofit organizations through a competitive application process. Most of these grants will provide general operating support to nonprofit organizations to help build their capacity, increase their impact, and make their operations more efficient and effective. Applications requesting support for specific programs or projects are not encouraged.

(Note: The program is extremely competitive. In 2004 the Fannie Mae Foundation funded fewer than 4 percent of unsolicited proposals submitted through this process.)

The foundation will accept grant requests from national, regional, and local nonprofit organizations working to achieve one or more of the following goals: 1) Create More Homes; 2) Create Wealth; and 3) Serve Washington, D.C.

The foundation generally will not consider requests to fund individuals, private foundations, or organizations without 501(c)(3) public charity status.

The 2005 competitive grant application will be available on the Fannie Mae Foundation Web site starting March 1, 2005. All applications for competitive grants must be submitted online. Visit the foundation’s Web site for funding priorities, grant restrictions, and application materials.

RFP Link: <a href="http://fconline.fdncenter.org/pnd/933/fannie">http://fconline.fdncenter.org/pnd/933/fannie</a>

For additional RFPs in Community Improvement/Development, visit: <a href="http://fdncenter.org/pnd/rfp/cat_community.jhtml">http://fdncenter.org/pnd/rfp/cat_community.jhtml</a>