FUNDING:
Kresge Foundation Commits $350 Million to Social Investments
The Kresge Foundation in Troy, Michigan, has announced its plan to make $350 million by 2020 in social investments designed to expand opportunities for low-income families.
DOE Accepting Applications for Small Business Voucher Pilot Program
The Department of Energy (DOE) announced that it is accepting applications for the first round of its Small Business Vouchers Pilot (SBV) program. Under the SBV program, the DOE will commit up to $20 million in technical and research assistance awards to help small businesses bring next-generation clean energy technologies. Companies may apply for and receive up to $300,000 in assistance from U.S. Department of Energy national laboratories nationwide. Assistance will be offered in nine topical areas and can range from materials development to modeling to prototyping and scale-up, and much more. http://energy.gov/eere/lab-impact/downloads/small-business-vouchers-documents-0
THE HOME DEPOT FOUNDATION is seeking proposals for Veteran housing projects in rural areas.
Projects may be new construction or rehab, with priority given to renovation and rehab projects, and must be either in progress or scheduled to commence within the next 12 months. The Home Depot Foundation anticipates funding several projects, with awards ranging from $25,000 to $40,000. Deadline: 10/30/2015.
Click here to visit the website for funding guidelines.
IRS Opens Door to More Impact Investing
Last week, the Treasury Department released guidance recognizing foundations may make investments with a wider range of return and risk expectations so long as they are not jeopardizing or compromising their charitable missions. Proponents for the change expect the guidance to open the doors to more mission-related investments (MRIs), impact investing and innovative finance approaches to dealing with the growing array of societal and environmental issues confronting the globe. The complete, four-page guidance is available on the IRS website at: http://www.irs.gov/pub/irs-drop/n-15-62.pdf.
Newsletters and email from which we gather this information include:
v Foundation Center RFP Service - To subscribe visit: http://foundationcenter.org/newsletters/
v To subscribe to the RAC Health Listserv - click here to go to the subscription form.
v Electronic newsletter of the RUPRI Center for Rural Entrepreneurship, Rural Entrepreneurship News. To subscribe, http://team.energizingentrepreneurs.org/news2/public_html/lists/?p=subscribe
v Federal Reserve Bank of Kansas City newsletter: http://www.kansascityfed.org/alert/’
v Blue Avocado Nonprofit Magazine - They have a newsletter on boards and nonprofit management, down-to-earth and useful. http://www.blueavocado.org/
v Rural LISC e-newsletter - http://www.lisc.org/rural
v National Association for Development Organizations (NADO) – www.nado.org
v ERS - A notification service is provided by USDA's Economic Research Service for Charts of Note and other research to keep you informed of the latest and most relevant research on the topics that interest you. You can subscribe at http://www.ers.usda.gov/Updates/
v Orton Family Foundation – email sign-up - http://www.orton.org/sign_up