Cathay Bank Foundation Grants

Cathay Bank Foundation


Grant amount: US $1,000 - US $10,000

Anticipated deadline: Aug 31, 2018 (Full proposal)

Applicant type: Nonprofit

Funding uses: General Operating Expense, Applied Project / Program, Education / Outreach

Location of project: California, Illinois, Maryland, Massachusetts, Nevada Expand all

Location of residency: California, Illinois, Maryland, Massachusetts, Nevada Expand all

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Overview:

Note: All nonprofit organizations wishing to apply for a grant through the Cathay Bank Foundation must first submit a Letter of Intent (LOI). Once your LOI has been received, it will be reviewed for Grant consideration. If the request is within our Grant guidelines and budget, your organization may be invited to complete our full grant application form for consideration. Full grant applications are due at the 'full proposal' deadline above. 

The Foundation

The Cathay Bank Foundation was initially founded in 2002 for the purpose of raising and administering funds for community-based nonprofit organizations.

The Cathay Bank Foundation, an affiliate of Cathay Bank, is a nonprofit organization.

The Foundation's mission is to enhance the growth and success of communities in which the Bank serves. The Foundation's ultimate objective is to create opportunities in areas of affordable housing, community and economic development, and education. The Foundation will also consider supporting culture and arts, health and welfare, environmental and human services and programs that benefit the communities at large.

Community

The Cathay Bank Foundation serves community needs in nine states, California, New York, Illinois, Washington, Texas, Massachusetts, Nevada, New Jersey and Maryland.

 With offices in these states, the Foundation seeks to work with well-established nonprofit organizations to pioneer approaches and to reach communities.

Our Grant Focus

The Cathay Bank Foundation will consider grants in the following areas:

Community & Economic Development 

  • Programs to preserve, rehabilitate and construct affordable housing in low- and moderate-income (LMI) areas
  • Organizations that provide home-buyer counseling to families in the LMI communities
  • Programs that support small business development, commercial revitalization and job creation
  • Programs tailored to assist LMI individuals in development of work and life skills, with a specific emphasis on work-entry programs, skills training and employment retention
  • Services catered to seniors, workforce development, and individuals with disabilities.

Education 

  • Innovative programs that offer assistance to LMI youths to excel in school and prepare for higher education
  • Financial literacy programs for youth and adults in LMI communities
  • Effective mentoring programs for at-risk youths
  • Student scholarship programs focused on finance-related studies
  • Literacy, math, parent engagement efforts and English as a Second Language (ESL) programs
  • Entrepreneurship education programs for underserved youth.

Civic & Community 

  • Civic organizations that focus on development of neighborhoods and raising awareness of social issues
  • Voter registration and education, community organizing and leadership development.

Health & Welfare 

  • Homeless, crisis shelters and battered women shelters
  • Programs that provide services to children and families at risk
  • Soup kitchens
  • Health prevention and education targeted to conditions such as diabetes, obesity, asthma; insurance enrollment of uninsured children and adults; mental health services; and fitness and nutrition.

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

  • The Foundation will place a strong emphasis on nonprofit organizations that are results-oriented and market-savvy.
  • The organization’s programs and services must:
    • Target the low- and moderate-income population
    • Display leadership and vision in the community
    • Provide tangible benefits to the communities they serve
    • Have an effective system to measure and report results with a demonstrated track record
    • Have established strategic alliances with the community to face expected challenges
    • Have 501c(3) tax-exempt status from the IRS
    • Be equal opportunity employers
    • Display fiscal and administrative stability.

Ineligibility:

  • The Cathay Bank Foundation cannot support the following:
    • Organizations without 501c(3) status
    • Organizations/programs that are not aligned with the Foundation’s mission
    • Organizations that are located or benefit outside Cathay Bank’s communities
    • Private foundations
    • Organizations with missions to influence or participate in political campaigns on behalf of or against a candidate or initiative
    • Veterans and/or military organizations
    • Organizations that channel grant funds to third parties
    • Service club activities
    • Operating funds for hospitals or other patient care facilities
    • Funding of travel and related expenses for any organization.


About this funder:

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