August 17, 2021 at 10:29 am #137320
Dear Central Virginia Community Partners,
Earlier this year, Capital One announced the Capital One Impact Initiative. A five-year $200 million commitment to support growth in underserved communities and advance socioeconomic mobility by closing gaps in equity and opportunity. The Impact Initiative builds upon Capital One’s core mission to change banking for good, and its priorities around racial equity, affordable housing, small business support, workforce development and financial well-being.
The Capital One Impact Initiative is focused on creating a world where everyone has an equal opportunity to prosper by advocating for an inclusive society, building thriving communities and creating financial tools that enrich lives.
To advance this strategy locally in Central Virginia, Capital One seeks to better understand programs and resources that leverage housing as a critical asset for personal and financial well-being.
We are interested in hearing from organizations who are developing programming in at least one of the following areas:
- Programs that drive personal and financial well-being through housing stability
- Programs that pair housing stability with support services. Support services could include:
- Workforce development, financial well-being, mental and physical support, and/or additional resources to create upward socioeconomic mobility.
All applications must be submitted by 5:00 pm on September 3rd, 2021.
EXPECTATIONS & GUIDELINES:
- The maximum grant amount will be $100,000 and minimum will be $50,000
- This grant is a one-time investment and should not be contingent on future support from Capital One.
- You do NOT have to be a current Capital One grant-funded organization to participate.
- Organizations’ work and programs must be geographically tied to the City of Richmond, Henrico County, Chesterfield County, Goochland County, Hanover County, or Colonial Heights.
Our Capital One online application system will allow you to share key information about your nonprofit organization, programs, clients served, and the valuable community services you provide. We are also interested in hearing from applicants how Capital One can utilize our most valuable asset – talent – to drive social change through volunteerism partnerships. Below are the instructions and details on how to apply.
We’ll also be offering an opportunity to ask questions about the competitive grant opportunity on Friday, August 20th from 9 am to 12 pm. If you’d like to attend to learn more, please respond via email and you’ll be added to a calendar invitation with Zoom dial in.
Please reach out to Jamie Seagraves – email@example.com with any questions.
Capital One Community Impact and Investment
Your application experience will be easier and more efficient if you have the following documentation ready when you go online to apply:
Your Federal EIN (tax ID number) which looks like this example: 12-3456789
Organization mission, history and address
Organization board of directors
Organization and program financial or budget information: Please upload your latest audit or most current budget.
Client demographics, including income level and at-risk factors
Details of your organization’s customer relationship (if any) with Capital One
Critical Application Fields
Low- to Moderate-Income (LMI) fields – As a bank, Capital One must know the percent of clients served in each program we fund who are low- to moderate-income. There are a number of application fields related to the LMI population you serve. Please provide as much detail as possible, including the source of, and how you track this information so that your application is not delayed during our review.
Focus Area fields – The application includes a tab entitled “Focus Area” where you will be asked to select the Primary Focus and any applicable Sub-Focus Areas specific to your grant request. Please select the following as your Primary Focus Area: Affordable Housing. Furthermore, only choose Sub-focus Areas that are applicable to the specific program/project of your request. Definitions are provided within the application; read these carefully to determine if a sub-focus area is applicable.
Standardized Outputs and Outcomes fields – Capital One has added new metric fields within the Evaluation and Reporting tab of the application which are based on the Primary Focus Area of your grant request. You will be asked to provide your program/project’s top three overall goals, outputs, and outcomes in your own words, as well as estimate target values for specific metrics we wish to capture. You will only need to estimate target values on metrics that are applicable to your specific program/project. Impacting reporting will be tracked over a 2-year period (2023).
Begin Your Application!
First-time users should use the “Click Here” link on web page to create a password and organization profile
Enter the organization information and the code C1092 where prompted
At the Welcome Page, scroll down and click “Let’s Get Started!”, then click “Start a New Application”
Choose the appropriate grant dollar amount program application to begin
Complete the sections in the application, clicking “Save and Save and Proceed” at the bottom of each tab
At the bottom of last tab, click “Save and Proceed” then “Save and Submit”
You should receive an email confirmation shortly after application submission
Please carefully read all directions and click on the question marks “?” next to each field within the application for further instruction and clarity. Should you require additional assistance with the online request process, click “Need Support” at the bottom of any page in the application.
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