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Overview
In partnership with the Community Foundation of the Virgin Islands (CFVI), Popular Inc. established the Popular VI Community Fund at CFVI with an initial donation of $100,000 in 2022. The purpose of this fund is to enhance the philanthropic interests of Banco Popular and its employees in the U.S. and British Virgin Islands.
This funding opportunity’s primary goal is to support youth education, youth economic empowerment (vocational training/employment support), and/or environmental projects. Youth education projects must improve academics or promote youth staying in school. Economic empowerment projects must support employment and/or vocational training. Environmental projects must be focused on environmental work in the community. Projects should be focused on supporting children, youth, and families in the U.S. Virgin Islands and/or the British Virgin Islands.
Applications will be reviewed on a competitive basis in alignment with the Fund’s priorities. Preference will be given to programs that run over several months and make a significant impact and affect change in the community.
Summary of Funding
Organizations may apply for up to $10,000 to support program-related costs.
- Grants are available to nonprofit organizations that provide direct services in the areas of youth education, youth economic empowerment (vocational training/employment support), or environmental projects.
- Funding is intended to support the capabilities of organizations through project and program-based support.
- CFVI and Popular, Inc. are committed to equitable grantmaking and will consider geographic diversity and the importance of reaching underrepresented communities in funding decisions.
Eligibility
- Eligible applicants are nonprofit organizations with 501(c)(3) status (or BVI equivalent).
- Events are not allowed.
- Applications from organizations with reports past-due to CFVI will not be considered.
- Applicants are limited to no more than two consecutive awards from the Popular VI Community Fund.
Period of Performance
The period of performance is January 1, 2025 - December 31, 2025.
Application & Evaluation Process
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Applications must be submitted between October 1-31 using the application in CFVI’s online grant portal.
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Applications must be submitted by 11:59 pm AST on October 31, 2024.
- New applicants must create an account in CFVI’s online grant portal.
- Returning applicants should log in using their previously created account.
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You may preview the application form here.
- The grant portal will not accept applications after the established deadline. Once the application has been submitted, an automatic email receipt will be sent confirming that all application materials were successfully received.
- Grant awards will be publicly announced via the CFVI website and circulated to local news outlets.
Evaluation Criteria
Applications will be evaluated based on the following criteria:
- The proposal’s incorporation of youth education, youth economic empowerment (vocational training/employment support), and/or environmental projects.
- The relevance of the proposed project and/or program activities to the funding goals and the importance to the local community.
- The feasibility of completing these activities within the established performance period.
- The experience and qualifications of the personnel.
- The capacity and viability of the program and organization.
- The impact of the project activities to the intended audience.
- Whether the budget is reasonable/cost-effective and linked to proposed activities and outcomes.
- Overall evaluation of the quality and impact of the project as a whole.
The Community Foundation of the Virgin Islands and Popular, Inc. will evaluate applications in accordance with the criteria outlined above. The evaluation process may be amended to accommodate changing circumstances. For the most up-to-date guidance, please visit cfvi.net/Grant-Opportunities.
Reporting
Recipients must comply with the following reporting requirements:
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Interim report due no later than June 30, 2025.
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Final financial and performance report due no later than January 31, 2026 (or within 90 days of project completion, if the project is completed sooner)
Questions?
Applicants with additional questions are encouraged to contact Beth Nuttall, Director of Grants and Programs, at bethn@cfvi.net.
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