Grants for Change

Program Status: Inaugural program launched August 2020, with awards announced December 2020. Current status of ongoing rounds unknown.

Geographic Scope: National (United States)

Focus Areas:

• Social justice
• Employment and education
• Financial literacy
• College readiness
• Homelessness
• Support for communities of color
• Business and internship opportunities
• Professional networks and mentorship
• Job training and reskilling
• College/career readiness
• Health care equity
• Criminal justice reform

Eligibility:

• Nonprofits serving communities of color
• Organizations providing essential services in underserved communities
• Any nonprofit eligible to receive grant applications from financial services professionals

Target Communities:

• Communities of color across the United States
• Underserved populations

Award Details:

• Grants up to $25,000 per charity
• 2020 inaugural round: 6 organizations received over $125,000 total

Partners:

• Association of African American Financial Advisors (AAAA)

Lead Sponsors:

• Griffin Capital

Other Sponsors:

• BNY Mellon | Pershing
• Cetera Financial Group
• Fidelity Investments
• Hightower
• JConnelly

Selection Criteria:

• Demographic makeup of target communities
• Anticipated number of people served
• Expected results
• Commitment to leveling the playing field

Contact:

• Email: info@investinothers.org
• Phone: 781.304.4812
• Address: 68 Harrison Ave Ste 605 PMB 871132, Boston, MA 02111-1929

Background:

• Program designed to support nonprofits making a difference in communities of color
• Launched during pivotal moment addressing racial inequality and injustice
• Open to employees of financial services industry (expanded from previous advisor-only eligibility)

Application Process

1. Eligible Applicants: Members of the financial services industry (financial advisors, asset managers, employees, wealth managers) apply on behalf of nonprofit organizations
2. Submission Method: Applications submitted through program portal (specific URL not provided in source materials)
3. Deadline: Varies by year (2020 program: November 9 deadline)
4. Review Process:
   • Diverse panel of judges evaluates applications
   • Judging criteria include: demographic makeup of target communities, anticipated number of people served, expected results
5. Application Components: Sources indicate applications exist but specific required materials/narratives not detailed in provided content
6. Timeline: Winners typically announced within 4-6 weeks of deadline

Required Information (Based on 2020 Recipients)

Applications appear to include information about:

• Organization background and mission
• Target communities served
• Specific challenges and needs
• Proposed use of grant funds
• Expected impact and number of people served

Note: Detailed application requirements and templates not provided in source materials. Prospective applicants should visit investinothers.org/grants-for-change for current application portal and specific requirements.