How much funding does 16 Tech Community Investment Fund provide?

16 Tech Community Investment Fund provides $350,000 annually in funding.

When is the deadline for 16 Tech Community Investment Fund?

This grant has a rolling deadline or the deadline has not been announced.

16 Tech Community Investment Fund

CENTRAL INDIANA CORPORATE

Foundation Annual Grants for Nonprofits Workforce Development Grants Grants for Education Community Development Grants

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Funding Amount

$350,000 annually

Deadline

Rolling / Open

Grant Type

foundation

Overview

16 Tech Community Investment Fund

Overview: A community-focused fund launched in 2019 to ensure access, opportunity and revitalization of neighborhoods in and around the 16 Tech Innovation District in Indianapolis.

Geographic Scope: Near West, Near Northwest and surrounding neighborhoods around 16 Tech Innovation District, Indianapolis, IN

Funding Focus Areas:

Workforce training

Business growth

Education

Community organizing

Infrastructure and beautification

Project Types Supported:

Education and workforce development programs

Community development initiatives

Neighborhood association activities

Arts and cultural organizations

Skills training for workforce development

Small business support and entrepreneurship training

Community infrastructure and beautification

Eligibility:

Nonprofit organizations

Neighborhood associations

Community-based organizations

Educational institutions

Award Information:

First round (2020): $500,000 awarded to 15 projects

Second round (2020): $500,000 awarded (total $1 million in inaugural year)

Subsequent years: Approximately $350,000 in funding anticipated annually

Governance:

Guided by an advisory committee of residents, city officials and organizational representatives

Assistance from Central Indiana Community Foundation (CICF)

Neighborhood residents endorse projects during grant review process

Funding Source:

$3 million seeded with public funding through City of Indianapolis

Sustained long-term through $0.20-per-square-foot assessment paid by tenants in 16 Tech Innovation District

16 Tech Community Corporation also seeks philanthropic funding from individuals and organizations

Contact:

16 Tech Community Corporation

Website: 16tech.com/grant-awards

For more information about grantees and past awards: 16tech.com

How to Apply

Application Process

Submission Timeline: Applications accepted in late 2019 and early 2020 for first round
Second Round: Applications accepted for second round of grants in 2020
Process: Neighborhood residents are engaged to endorse projects as having meaningful impacts on their communities
Evaluation: Applications reviewed by 16 Tech Investment Fund Advisory Committee with assistance from Central Indiana Community Foundation (CICF)
Number of Applications: More than 60 grant applications submitted in late 2019 and early 2020 for first round consideration

Required Information

Specific application materials and submission format not detailed in source material. Applicants should contact 16 Tech Community Corporation for current application requirements.