{"id":117360,"date":"2022-07-11T09:40:08","date_gmt":"2022-07-11T13:40:08","guid":{"rendered":"https:\/\/ncrc.org\/?p=117360"},"modified":"2023-05-01T16:06:29","modified_gmt":"2023-05-01T20:06:29","slug":"ncrcs-field-empowerment-fund-for-nonprofits-and-cdfis-opens-final-round-of-grant-applications","status":"publish","type":"post","link":"https:\/\/ncrc.org\/ncrcs-field-empowerment-fund-for-nonprofits-and-cdfis-opens-final-round-of-grant-applications\/","title":{"rendered":"NCRC\u2019s Field Empowerment Fund For Nonprofits And CDFIs Opens Final Round Of Grant Applications"},"content":{"rendered":"

The National Community Reinvestment Coalition (NCRC) on Friday opened applications for the final round of its Field Empowerment Fund<\/a> (FEF), a $5 million grantmaking program funded by Morgan Stanley to drive racial equity work.\u00a0<\/span><\/p>\n

The second and final year of the FEF will deliver grants ranging in amount from $50,000 to $300,000 for an 18 month period with the goal of scaling up innovative investments that promote wealth in traditionally underserved communities. The program previously delivered more than $2 million in grants to 33 NCRC member organizations serving low- to moderate-income (LMI) communities in 2021.<\/span><\/p>\n

\u201cOur members fight every day to build the Just Economy in their own neighborhoods,\u201d said NCRC President and CEO Jesse Van Tol. \u201cThey are frontline workers in the battle against inequality. They understand where dollars can make the biggest difference in boosting opportunity and autonomy for marginalized communities. NCRC has always believed that our ground-level membership organizations know the best ways to foster positive change. FEF grants allow us to provide those members with the direct resources they need to do that urgent work.\u201d<\/span><\/p>\n

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Awardees from the 2021 round of FEF grantmaking included the Black Cultural Zone CDC in Oakland, CA; the Federation of Appalachian Housing Enterprises in Berea, KY; and the Pima County Community Land Trust in Tucson, AZ.<\/span><\/p>\n

Awardees must be current NCRC members and be able to prove that they are either a 501(c)(3) organization or a U.S. Treasury CDFI Fund certified CDFI. Applicants must submit proposals within the following categories:<\/span><\/p>\n

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