Best Tazewell County Grants for Nonprofits in Illinois

Background

Natan’s Confronting Poverty committee requests proposals from organizations that are addressing poverty in their communities across the United States. This grant area is primarily focused on new models of direct services focused on Jewish poverty.

We understand that most social service organizations serve a diverse audience, but we anticipate that most of the funding will go towards organizations that have a special and particular interest in serving the Jewish community, in addition to other audiences.

We are particularly interested in;

• New models of direct services within existing agencies that address food insecurity, housing, job training, health and older adult care;
• New models of education, communications and awareness building around poverty
• New organizations and start ups that bring a fresh lens and voice to these matters

Natan seeks to sponsor or catalyze the creation of innovative, grassroots, and scalable strategies that address poverty and the factors that contribute to these challenges. This RFP targets both early-stage organizations and early-stage projects within larger institutions.

Natan anticipates awarding up to five grants of $30,000 - $35,000. The selected programs may be eligible for second year funding. Grant recipients will have the opportunity to work with a consultant to develop measures of success and evaluation plans.

Natan’s Confronting Poverty initiative is in partnership with The Harry and Jeanette Weinberg Foundation with the goal of surfacing new ideas in the Jewish anti-poverty space. Consideration will be given to applicants that incorporate voices of those with lived experience in their program development.

What does this program do?

It provides loans and grants to Microenterprise Development Organizations (MDOs) to:

• To help microenterprises startup and growth through a Rural Microloan Revolving Fund.
• Provide training and technical assistance to microloan borrowers and micro entrepreneurs.

Microenterprise Development Organizations must demonstrate experience in managing a Revolving Loan Fund, or:

• Certify that it or its employees have received education and training from a qualified microenterprise development training entity so that the applicant has the capacity to manage such a revolving loan fund.
• Demonstrate that it is actively and successfully participating as an intermediary lender in good standing under the U.S. Small Business Administration (SBA) Microloan Program or other similar loan programs as determined by the Administrator.

 What kind of funding is available?

• Grants are available to provide technical assistance to rural micro-entrepreneurs or microenterprises, up to $205,000 annually.
  • Funding at the requested level is not guaranteed, and at least 15 percent matching funds are required.
• Loans of $50,000 to $500,000 may be used for establishing a Rural Microloan Revolving Fund managed by the Microenterprise Development Organization.
  • Total aggregate debt is capped at $2.5 million.

What are the loan terms?

• Maximum term is 20 years.
• Two-year payment deferral.
• Must establish a loan loss reserve fund.

What terms are required on loans to ultimate recipients?

• Up to $50,000.
• Fixed interest rate.
• Limited to 75 percent of project cost.

How may the funds be used?

Microlenders may make microloans for qualified business activities and expenses including, but not limited to:

• Working capital.
• Debt refinancing.
• Purchasing equipment and supplies.
• Improving real estate.