Impact100 Owensboro: Residual Grant

The Impact100 Owensboro Residual Grant empowers women philanthropists by providing significant funding for transformative projects in the Greater Owensboro area. With a minimum grant size of $100,000, this grant supports initiatives in arts, education, family services, health, and environmental restoration. Organizations must demonstrate sustainability and community support while adhering to eligibility criteria, ensuring that funds are used effectively for community benefit. The residual grant amount varies yearly, allowing for flexible funding opportunities.

The Impact 100 Model
The Impact100 model is designed to empower women to see themselves as philanthropists and overcome the barriers women have historically faced in this arena. The model is designed for transformational grant-making within our local community, with a minimum grant size of $100,000.
Focus Areas
We provide nonprofit organizations with grants in increments of at least $100,000 across five broad Focus Areas:
Arts & CultureInitiatives that cultivate, develop, and enhance the cultural, artistic and historic climate of the Greater Owensboro area.EducationInitiatives that further the educational process or improve access to education for children and/or adults in the Greater Owensboro area.FamilyInitiatives that strengthen and enhance the lives of children and families living in the Greater Owensboro area.Health & WellnessInitiatives that improve the mental and/or physical well-being of people living in the Greater Owensboro area.Environment & RecreationInitiatives that will restore, preserve, revitalize or enhance the facilities, surroundings and/or recreational opportunities of the Greater Owensboro area.
The Residual grant is the remaining amount OVER $100,000 that is collected and will vary from year to year.

Eligibility

Organizations eligible to apply for an Impact100 Owensboro grant must be:Every applicant must be able to provide documentation of a 501c3, whether it is their own OR the 501c3 of the parent organization of which they are a local chapter. Local affiliates of a parent organization must also provide documentation of their direct affiliation.Located in and serve residents of Greater Owensboro Area.Proof of good standing and current registration with State of Kentucky Secretary of State.Organization Requirements:Must submit a proposal for a project or program that is implemented in or serves residents of the Greater Owensboro Area. Cannot discriminate based on religion, race, ethnicity, sexual orientation or gender.Must demonstrate sustainability and community support, which may be evidenced by public donations, volunteerism, and utilization of the organization’s facilities and/or programming.A past recipient of an Impact100 Owensboro $100,000 grant (individual recipient or collaborative partner) cannot apply for the $100,000 grant for the following 3 grant cycles.A past recipient of an Impact100 Owensboro Residual Grant may apply the following year for any of the grants. A past recipient of an Impact100 NextGen Grant may apply the following year for any of the grants.An agency may submit only one grant per year to Impact100 for EITHER the $100,000 grant OR the Residual Grant.  The Next Generation (NextGen) grant is a separate grant and can be applied for within the same year as the $100,000 or Residual Impact100 grants, but the Grants must be completely separate, individual projects and cannot be contingent upon each other nor overlap in any way.A proposal must be for the full grant amount. The project’s total budget may exceed the grant; but if so, the grant application must indicate how the remaining funds will be secured.An organization must expend the $100,000 or Residual grant funds within 24 months of award.Any portion of the grant funds used for Endowment purposes by the agency shall remain in principal for at least six years.The project may be a new program, an expansion or modification of an existing program, or a collaborative effort of several agencies.

Ineligibility

Grants will not be provided for:General operating expenses or overhead (i.e. if your agency provides books, the Impact100 Owensboro grant cannot be used for books; current staff salaries; utilities; etc.) However, funds can be used for operating expenses if they are relative to new programming, such as a new staff position.Partisan, legislative, political, or religious activities.Payment of projects already completed nor repayment of previously incurred debt.Grants will not be provided for projects/programs which require participation in activities of a particular faith, denomination or religion in order to benefit from the project or program.