United Way of Central New Mexico: Financial Literacy for Family Stability Pilot Grant
Note: See important dates at the bottom of this listing.
The Family Stability Initiative will fund projects to support its goal of Secure and Stable Homes by using financial literacy education along with banking and savings programs to increase a family’s financial stability and security. Successful applicant(s) will collaborate with the United Way of Central New Mexico’s Tax Help New Mexico program to achieve the intended outcome. This collaboration may include programming at Tax Help sites in central New Mexico, recruitment of Tax Help clients, or other activities likely to complement Tax Help NM programming and achieve the intended outcome. The selected project(s) will be considered pilot project(s) to demonstrate the power of strategic partnerships in improving family financial stability.
Tax Help New Mexico (https://www.uwcnm.org/how-we-help/basic-needs-financial-stability/tax-help-new-mexico) is a free tax preparation program for low income and elderly New Mexicans. Trained tax preparers work at locations throughout central New Mexico and the state to ensure that low income and senior New Mexicans take advantage of the tax credits to which they are entitled, and avoid paying fees for tax preparation. Tax Help sites are open between January and April.
The intended outcome is to increase the ability of central New Mexican families to withstand future crises and support the educational development of children through programming that improves financial literacy, and increases the number of families with savings resources, kids with education funds, and banked families. Family Stability Initiative funding will support organizations adept at using evidence-informed strategies to work toward the stated outcome.
Amount: Grants of up to $20,000 will be awarded.
Eligibility: Applicants should:
- Be certified by the IRS as a 501(c)3 nonprofit organization
- Be in good standing with the Attorney General’s office and the New Mexico Secretary of State
- Demonstrate financial sustainability through UWCNM financial standards review
- Provide health and human service(s) in one or more of the four central New Mexico counties: Bernalillo, Sandoval, Torrance and Valencia
- Serve the vulnerable in the community in the form of a program that aligns with the UWCNM Community Impact
- Strategy Maps (see online manual for more information)
- Adhere to UWCNM’s social action and non-discrimination policy
- Have a Board of Directors in compliance with agency by-laws
All project activities/services must be provided within the four counties of central NM: Bernalillo, Sandoval, Torrance, and Valencia.
- Interested organizations must express their intention to apply for this funding by emailing firstname.lastname@example.org before November 15, 2017. They will then be contacted with instructions for submitting Letters of Intent through eCimpact.
- Applicants must submit complete Financial Standards Review (FSR) Materials by December 1st, 2017.
- Letters of Intent will also be due on December 1st via eCimpact.
- Finalists will be invited to a conference with the Grant Review Panel designed to allow the GRP to learn more about the proposed project.
- Applicants may apply for this funding opportunity and a Community Fund annual grant.
- The selected applicant(s) must be prepared to initiate programming as early as February 1, 2018.
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