Old National Bank Foundation Grants

Old National Bank

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Next deadline: Jul 26, 2024 10:00am PDT

Later deadlines: Jan 29, 2025 10:00am PST, Apr 26, 2025 10:00am PDT, Jul 26, 2025 10:00am PDT

Grant amount: Approximately US $15,000

Fields of work: Real Estate & Housing Financial Literacy Economic Services & Development Workforce Preparation & Job Readiness Education Affordable Housing Public Infrastructure Community Development & Revitalization Business Development Entrepreneurship Job Creation Educational Access & Equity Tutoring & Mentoring Show all

Applicant type: Nonprofit

Funding uses: Education / Outreach, Project / Program

Location of project: Counties in Illinois: Champaign County, Cook County, DeKalb County, DuPage County, Grundy County Show all

Location of residency: Counties in Illinois: Champaign County, Cook County, DeKalb County, DuPage County, Grundy County Show all


990 Snapshot

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Overview:

Old National Bank Foundation

The Old National Bank Foundation makes contributions to nonprofit organizations to fund widespread community impact programs and/or projects. The Foundation is part of Old National's overall charitable giving initiative, which enables us to support programs that improve quality of life in areas of Indiana, Illinois, Kentucky, Michigan, Minnesota, Iowa and Wisconsin where our clients, associates and shareholders live and work.

Funding Priorities

Our funding targets innovative programs that enhance the quality of life within our communities in support of the following strategic initiatives: Affordable Housing, Economic Development, Workforce Development, Financial Education and Education Achievement. Priority consideration is given to programs that serve low- to moderate-income populations/communities and small businesses. As part of our commitment to diversity, equity and inclusion, we also seek to support programs that focus specifically on enhancing opportunities for education, economic empowerment, mentorship and inclusion for underrepresented people and communities.

Examples of funding priorities with measurable outcome focus areas include:

Affordable Housing

  • Increase homeownership opportunities
  • Promote multi-family housing developments
  • Enhance neighborhood stabilization and vitality through home revitalization and repairs

Economic Development

  • Increase neighborhood revitalization initiatives
  • Strengthen community resource infrastructure
  • Increase business development and growth

Financial Education

  • Our Real-Life Finance e-learning curriculum provides robust financial literacy training for community partners

Workforce Development

  • Increase access to apprenticeship and work-based learning programs
  • Increase entrepreneurship initiatives and business coaching/training
  • Increase job creation, employment entry, and retention

Education Achievement

  • Improve educational readiness and achievement
  • Increase access to quality education
  • Increase access to impactful mentoring programs

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

Eligibility:

  • Organizations must:
    • Be a nonprofit organization and have obtained recognition of tax-exempt status under Section 501(c)(3) as a public charity under Code 509(a) and in good standing. (If an organization is exempt under Section 509(a)(3), it must be Type I or Type II.)
    • Have their primary organization’s address located within ONB’s footprint and serve the communities where we operate
  • In an effort to allow enough time for outcomes to be fully realized, a minimum 12-month waiting period is required for previous Foundation grantees.
  • What we look for in an applicant organization
    • Mission closely related to the Foundation’s priorities
    • Strong leadership/governance
    • Diverse board and staff; reflective of the community being served
    • Fiscal stability

Preferences:

  • Priority consideration will be given to organizations that have not received significant sponsorship dollars from Old National in the same calendar year as their Foundation grant request.
  • While applicants are eligible to apply 12 months after final payment and all reporting is received, priority consideration is given to applicants who have not received funding in the previous two years.
  • Preference is given to funding opportunities/initiatives that:
    • Fit closely with the Foundation’s funding priorities
    • Address community needs related to our funding priorities within the communities where we operate
    • Include financial commitments from a variety of sources
    • Utilize an effective evaluation plan specific to the proposed funding opportunity/initiative
    • Demonstrate measurable goals and outcomes

Ineligibility:

  • If your organization has been awarded a grant or received a grant payment within the last 12 months, additional requests for funding will not be considered until after the grant period has ended, 12 months after the final payment, and a final report has been submitted. 
  • The ONB Foundation does not provide funding for the items or organizations below. This is not an exhaustive listing. Additional restrictions may also apply.
    • Summer camps, field trips, athletic facilities or equipment, and playgrounds
    • Endowments or scholarships to individuals
    • School clubs/organizations, including, but not limited to bands, athletic or academic teams, booster clubs, PTO/PTA
    • Feasibility studies, project research or development phases, including the costs of hiring consultants or planners
    • Meals, tickets, dues, memberships, fees, travel, tuition, subscriptions, and other tangible benefits
    • Organizations that discriminate based on race, culture, gender, sexual orientation, age, or religion
    • Meetings, conferences, workshops
    • Political, labor, military, veteran’s, international or fraternal organizations
    • Childcare fees/subsidies or K-12 tuition
    • Programs administered by religious organizations for religious purposes
    • Sponsorships, fundraisers, races, telethons, marathons, benefits, banquets, galas, golf tournaments, festivals, or other events
    • Debt retirement or funding of any activity that is already completed
    • Individuals
    • Contests, competitions, athletics, pageants, or talent contests
    • Scholarly or medical research
    • A 509(a)(3) Type III supporting organization charity
    • Previous grantees who have not submitted required reporting
    • Programs provided outside of our service footprint

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This page was last reviewed May 31, 2024 and last updated March 20, 2024