Community Development Grant

Community Development Grant is sponsored by First Citizens Bank. First Citizens Bank provides Community Development grants to support local initiatives. While the specific program for youth after-school was not detailed, the bank has previously funded ARC of the Treasure Coast for workforce development.

Community Benefits Plan | First Citizens Bank Bringing Economic Empowerment to Our Communities Investing in the Places We Call Home We're proud to announce a $16 billion, 5-year Community Benefits Plan that builds on our ongoing work to reinvest in low- and moderate-income ( LMI ) communities and neighborhoods of color.

This plan will help increase our investment in the cities and towns we serve and help grow vibrant and diverse communities and businesses. Through 2025, our Community Benefits Plan will focus on lending to and investing in LMI neighborhoods with regular input and feedback from a group of community experts.

Our $16 Billion Community Benefits Plan for Community Development Lending, or CDL , and investments In addition, the plan provides for $50 million Community Reinvestment Act ( CRA )-qualified philanthropic giving through 2025. CRA-Qualified Nonprofit Grant Funding Our goal is to provide lending, investments and services that reflect the needs of our local communities.

We accomplish this by increasing our investments and spending in low- to moderate-income communities and through CRA -qualified nonprofit grant funding. We offer CRA -qualified grants to benefit nonprofit organizations that support affordable housing, economic self-sufficiency and business growth in the communities we serve. Funding requests only applicable for services in the states we serve highlighted in blue.

Please make sure you review our funding priorities, grant process and eligibility criteria before submitting a grant funding request. Learn more about our funding priorities Learn more about our grant process Learn more about our funding priorities What is a Community Benefits Plan (CBP)?

The creation of a CBP agreement between a bank and community groups is used to facilitate specific lending, service and investment commitments by the bank in its communities.

In this case, we've partnered with NCRC (National Community Reinvestment Coalition) to create a plan, which will ultimately serve to increase the flow of funds into low- and moderate-income communities and provide a forum for underserved communities to express their needs. How does this plan compare to others in the industry? Overall, the First Citizens plan enhances the support we already provide to our communities today.

It's also consistent with other active plans in the industry. Is there a specific time when First Citizens accepts requests for funding? After a thoughtful annual planning process and coordination with community partners, we extend grant invitations to organizations focused on our priority areas of strategic community development throughout the year.

Our priority areas include: Workforce Development, Financial Education and Homeowner/Homebuyer Counseling Neighborhood Revitalization When can I expect to receive a status update on the online request I submitted? Once your online form is submitted, the information is processed for Community Reinvestment Act ( CRA ) qualification. Unfortunately, due to the volume, we ask that you allow us 60 days to provide a response.

How do I know what amount to request? CRA -qualified grant amounts vary by market and organization size. If you've previously received a First Citizens grant, an amount in that same range is a good starting point.

While there are local variations, as a general guide, grant amounts in larger markets can range from $5,000 to $50,000. Grant amounts in smaller markets can range from $2,500 to $25,000. Amounts less than $5,000 will be managed by our local market representatives.

How do I determine which community development (CD) purpose to submit for, if my organization spans across multiple categories? We'll fund an organization no more than once in a calendar year. Rare exceptions apply.

As you choose a specific community development purpose on the form, consider which program or service is your highest priority for funding. If you're requesting general operating support, select the community development purpose that most closely aligns with your organizational mission. Does First Citizens fund environmental organizations?

We've incorporated an environmental concentration into our grant process to the extent that if an organization's work connects with employment or community development, it can be considered for funding. Third parties mentioned are not affiliated with First-Citizens Bank & Trust Company. Bank deposit products are offered by First-Citizens Bank.

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com I Understand, Let's Proceed First Citizens is proud to invest in the communities where we live and work. We've developed strong partnerships with nonprofit organizations to address issues fundamental to economic resilience and social progress in low- and moderate-income communities.

Our focus is on improving the lives of individuals and families by investing in workforce development, financial education and homebuyer/homeowner counseling. We also seek to strengthen the resiliency of our communities by addressing the needs related to affordable housing, small business and neighborhood revitalization.

We recognize that people and communities of color continue to face significant challenges, and we're working to advance racial equality and economic opportunity throughout many of our partnerships.

To be considered for a local grant, your organization: Must be tax-exempt under section 501(c)(3) of the Internal Revenue Code and not classified as a private foundation Must be based and serve communities in markets First Citizens serves Should be aligned with our strategic community development priorities The following organizations are not eligible for funding: Any organization that discriminates based on race, religion, color, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, veteran, or disability status, or espouses hate Individuals, including those seeking scholarships or fellowship assistance Political, labor, fraternal organizations or civic clubs Any organization whose purpose is to promote or to discourage the observance or proselytization of religious beliefs Individual pre-K-12 schools (public or private) Sports, athletic events, or athletic programs Travel-related events, including student trips or tours Development or production of books, films, videos, or television programs We partner with a wide range of national and local nonprofit organizations that align with our strategic community development priorities: Workforce Development, Financial and Homeowner/Homebuyer Education: Employment and financial expertise are keys to economic resiliency.

We’re passionate about enhancing financial educational opportunities, encouraging financial counseling for homebuyers/homeowners and establishing a route to employment through workforce development. Affordable Housing: Safe and stable housing is essential for an individual’s overall well-being, including physical and mental health and economic well-being.

We support the work of nonprofit organizations working to increase and preserve access to affordable housing options. Small Business: Small businesses are a vital lifeline for communities to thrive and support the overall health of our national economy. We support the work of nonprofits that help small businesses with technical assistance, operational capacity and economic development.

Neighborhood Revitalization: For communities to flourish, individuals and families must have access to safe and suitable housing, public transportation and the social well-being, economic services and activities that are fundamental for community infrastructure.