Hispanic Impact Fund
The Hispanic Impact Fund is one of the Foundation’s key strategies for closing the opportunity gap in Central Texas.
The Hispanic Impact Fund is a giving network that offers unique opportunities to support the economic security and advancement of the Hispanic & Latino communities in Central Texas. Through a data-informed focus, we identify opportunity areas where we can make a difference, convene community conversations about solutions, and amplify resources to fund grantmaking that will advance Hispanic Central Texans.
About the Hispanic Impact Fund
The Hispanic Impact Fund issues a Request for Proposals annually in the summer. The Hispanic Impact Fund grants committee reviews grant requests and the entire Fund's membership makes the final grant selections.
The Request for Proposals will be open to nonprofits that focus on these three impact areas:
- Early Childhood Education: Less than half of Hispanic children in Austin are "kindergarten-ready". A child who is prepared for kindergarten is four to five times more likely to pass state assessments by the 3rd grade. By focusing on the youngest children in our community, we can improve educational outcomes for years to come. The Hispanic Impact Fund will focus our educational investments in programs that focus on Kindergarten readiness.
- Health & Wellness: 25% of working-age Hispanic adults have no primary healthcare provider, leaving Hispanic families one health crisis away from financial ruin. However, when armed with accurate and culturally competent information about healthy habits, Hispanics have significantly improved health outcomes. The Hispanic Impact Fund will focus our health investments in programs that focus on health education or access to healthcare.
- Job Skills & Entrepreneurship: Nearly 75% of Hispanics are in the paid labor force. However, having such a large part of the population confined to non-technical jobs and lower incomes reduces the economic growth potential of our community. The Hispanic Impact Fund will focus our investments in this area on programs that support small business access to capital or workforce development.
To learn more about how the Fund defines these impact areas, please read the When Hispanics Rise, Austin Rises: A Status Report of Hispanic Families Central Texas. This document is the basis for our data-informed grantmaking approach.
The Hispanic Impact Fund will be awarding two levels of grants in each of our three impact areas. One grant up to $50,000 for an established local nonprofit and one grant up to $10,000 for an emerging local nonprofit.
Established nonprofits are organizations with an annual budget greater than $500,000. Emerging nonprofits are organizations whose annual budget is less than or equal to $500,000 and who have been in good operational standing for at least two years. Nonprofits may only choose one level and one impact area for consideration.
In 2019, we look forward to making $180,000 in combined grants to six local nonprofits whose missions align with the Hispanic Impact Fund's strategy.
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