|Funding Opportunity: The Wachovia Foundation|
Neighborhood Networks provides potential funding sources to help centers develop and improve programs and services. Featured this week is The Wachovia Foundation.
Wachovia, now part of Wells Fargo, is one of North America’s largest and most diverse financial services companies. The company maintains more than 11,000 stores and more than 12,000 automated teller machines (ATMs). The Wachovia Foundation is a private foundation providing grants to eligible 501 (c)(3) tax-exempt organizations.
Program Areas: The mission of The Wachovia Foundation is to build strong and vibrant communities, improve the quality of life, and make a positive difference. The Wachovia Foundation will provide priority consideration to requests that best reflect the organizational characteristics and focus areas detailed below. Organizations seeking funding should target individuals or communities with low- to moderate-income, help build inclusive and diverse communities, and foster collaborative efforts that leverage community investments.
The Wachovia Foundation’s funding priorities include:
- Create and sustain affordable housing.
- Revitalize low- to moderate-income neighborhoods.
- Facilitate job creation, workforce development, and financial literacy/empowerment.
- Provide economic development for minority and underserved groups and/or low- to moderate-income areas.
- Enable and sustain independence for individuals and families.
- Ensure access to health education programs.
- Ensure access to quality healthcare.
- Eliminate the pre-K - 12 "achievement gap" in education through public school-sponsored or facilitated curriculum-based programs.
- Advance teaching through recruitment, professional development, support, and retention of teachers.
- Facilitate merit-based access to higher education for underrepresented groups.
- Enhance a community's quality of life. These events and activities may involve public policy, community beautification, civic leadership, citizen education, and the promotion of cultural diversity.
Target Area: The foundation’s support is national; however, it no longer accepts applications from Arizona, California, and Nevada.
Eligibility: Tax-exempt nonprofit organizations, as defined by Section 501 (c)(3) of the U.S. Internal Revenue Service Code, are eligible to apply. The Wachovia Foundation will not ordinarily make contributions to support certain types of requests. These include, but may not be limited to:
- International organizations.
- Travel or conferences for employees of nonprofit organizations.
- Political Action Committees, political causes, or candidates.
- Books, research papers, or articles in professional journals.
- Veteran, fraternal, and alumni organizations.
- Religious organizations, unless they are engaged in a significant project that is nonsectarian and benefits a broad base in the community.
- Private foundations.
- General operating expenses for organizations that already receive substantial support through United Way or united arts drives in which Wachovia participates.
- Sponsorships, events, or projects from which Wachovia and/or its employees receive tangible benefits or privileges.
Award Amount: Award amounts vary.
Application Process: All applicants must take an eligibility quiz to determine if they qualify for funding. The Wachovia Foundation uses an online grant application process. No paper applications are accepted.
Contact: For more information, contact:
Georgette (Gigi) Dixon
301 South College Street, NC0143
Charlotte, NC 28288-0143
Phone: (704) 715-8579
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Department of Housing and Urban
451 7th Street S.W.,
Washington, DC 20410
708-1112 TTY: (202)