Types of Foundation Support
|The Chinese Progressive Association's Chinatown Bike-A-Thon (June 22, 2015)
The Hyams Foundation provides grants, consistent with its grantmaking guidelines, for:
Preference for general operating support is given to smaller organizations or to organizations of color with missions that include a focus on a community or communities of color. Any group is invited to make its case for multi-year support when applying, and this will be considered during the review process.
Grants are made for an organization’s specific program or project.
Technical Assistance (TA) or Capacity-Building
Requests for technical assistance will be considered when the proposed TA has clear goals, objectives and desired outcomes and is supported by both the organization’s board and staff. In general, TA grants will be made in conjunction with an operating or program/project grant. Applicants may apply simultaneously for both technical assistance and operating or program/project support. In all cases, the activities of the organization requesting a grant must fit closely with the Foundation’s Grantmaking Guidelines.
Program-Related Investments (PRI)
The Foundation also looks for opportunities to use PRIs that further the impact of its funding. A PRI is an investment from the Foundation’s endowment, rather than a grant, to achieve a charitable purpose. It often takes the form of a loan, with a specified maturity or repayment date. PRIs are another way for foundations to support the nonprofit community. PRIs are common in the housing arena, but the Hyams Foundation is open to using them in all of its funding areas. Go to Mission Related Investing to learn more about the Foundation’s current PRIs.
Next Step: Write a letter of interest