Sq. Monetary Providers, a Utah state-chartered industrial financial institution and an independently ruled subsidiary of Block, Inc., opened functions for the 24 Squared grant initiative in partnership with the Neighborhood Basis of Utah (CFU). Constructing on the success of the 22 Squared grant initiative in 2022, this system will award microgrants of at the very least $2,400 to 24 501(c)(3) nonprofit organizations targeted on neighborhood growth initiatives all through Utah.
In keeping with Block’s function of financial empowerment, the microgrants are supposed for Utah-based nonprofits that have interaction in at the very least one of many following pillars of neighborhood growth work: small enterprise growth, reasonably priced housing, reentry help and entrepreneurship, and monetary functionality and wellness.
“The 24 Squared program helps companies that in any other case wouldn’t be funded, are underserved, and/or want funding to get their begin or develop to the subsequent step. The beneficiant grant from this initiative was used to assist fund the operations powering our applications and companies,” mentioned Sara Day, Program Supervisor at Utah Microloan Fund, a microgrant recipient in 2022. “With out help from organizations like Sq. Monetary Providers, we couldn’t do the work that we do.”
In its prior two years, the 24 Squared grant initiative has attracted widespread curiosity from regional nonprofits, awarding greater than $100,000 to recipients throughout 15 cities in Utah. This effort has resulted within the funding of key organizations targeted on essential neighborhood growth work in each rural and concrete areas all through the state.
“After seeing the essential work that our microgrant program has helped fund over the earlier two years, we knew that we wished to offer extra alternative for affect and convey again this system in an even bigger method in 2024,” mentioned Lewis Goodwin, Chief Government Officer of Sq. Monetary Providers. “We’re grateful for the Neighborhood Basis of Utah’s continued partnership as we offer extra funding to extra organizations which might be working to higher Utah communities.”
“CFU is thrilled to accomplice for the 24 Squared Grant initiative for the third 12 months,” mentioned Alex Eaton, Chief Government Officer of the Neighborhood Basis of Utah. “This dynamic grant program performs a vital function in equipping Utah nonprofits with important sources, and we have witnessed firsthand the optimistic affect it has throughout our state. We’re happy to proceed supporting the essential work undertaken via this initiative.”
On-line functions at the moment are open for eligible, Utah-based 501(c)(3) nonprofit organizations till Monday, September 30, 2024. For extra data or to use, please go to the grant initiative webpage.
The previous press launch was supplied by an organization unaffiliated with NonProfit PRO. The views expressed inside don’t straight replicate the ideas or opinions of the workers of NonProfit PRO.
