The Provident Bank Foundation has announced that it has made $2 million in funding available for its 2022 grant program.
The money will be offered to organizations throughout the Morristown, New Jersey-based banks footprint, which includes Eastern Pennsylvania and the Lehigh Valley.
Three types of grants will be available in 2022 including Signature Grants, Major Grants and Community Grants.
The Foundation will offer three $100,000 Signature Grants in 2022—one for each of the Foundation’s funding priority areas: community enrichment, education, and health, youth and families. As a new development for this grant program, organizations are now able to choose to use their funding over one to three years to help further support program sustainability.
Major Grants will provide funding between $5,001 and $25,000 and continue to focus on specific programs and projects. The Foundation will allow for more flexibility on how grant funds are spent, leaving it up to recipients to utilize funding across the term based on the evolving needs of the program or project.
Nonprofit applications for Community Grants ranging from $1,000 to $5,000 will be reviewed on a rolling basis and will specifically support general operations and fund day-to-day expenses.
“We have made a dedicated effort to make funding more flexible and accessible. As nonprofits continue to face many changes and challenges in this evolving environment, we want to make sure we are meeting their needs,” said Samantha Plotino, executive director of The Provident Bank Foundation. “After focusing heavily on organizations directly connected to pandemic-related needs, we will now shift our focus back to areas like mental health and community enrichment, as well as boosting sustainability and bringing stability back into people’s lives.”
Letters of Intent (LOIs) will be available on the Foundation’s website on Feb. 14. For Signature Grants as well as the Community Grant application. LOIs will be accepted for the first cycle of Major Grants beginning April 1, 2022.
Interested applicants can visit the Foundation’s website for more information on the application process and eligibility criteria for each grant program.