1st Source Foundation Grant

The 1st Source Foundation Grant aims to enhance the quality of life in communities by supporting established 501(c)(3) organizations. Focused on social welfare, education, arts, and economic development, the foundation emphasizes partnerships with successful nonprofits to maximize impact. Applicants must provide financial documentation, including a recent 990 form. The foundation prioritizes proven organizations over new ones, seeking to ensure effective resource utilization and community benefit through collaborative efforts.

NOTE: Applicants will be notified of our decision on their requests within 30 days following the spring or fall Foundation Board of Directors’ meeting.
Focus
1st Source Foundation provides support to organizations working in the following areas:

• Social welfare and human services Education Arts and culture Community and economic development
• Strategy

To make the most productive, efficient, and effective use of resources, we prefer to financially support established organizations that reach larger segments within the communities that 1st Source serves. To that end, 1st Source Foundation also works in concert with 1st Source Bank, among others, to ensure the widest possible needs are being met through collective contributions, sponsorships, and support programs.

Eligibility

Applicants must be 501(c)(3) tax-exempt organizations as defined by Section 170 of the Internal Revenue Code (1954) as amended.A copy of your most recently filed 990 form (or letter of determination) is required, along with your W-9.