Refer to the frequently asked questions below for information about the Stand with Austin Fund.
The Stand with Austin Fund was created by Austin Community Foundation and the Entrepreneurs Foundation to receive charitable donations to support nonprofits assisting individuals and small businesses most negatively impacted by the cancellation of SXSW and least able to recover on their own.
The Stand with Austin Fund is just one of several fundraising campaigns created to assist those impacted by the cancellation of SXSW.
The best way to support Austin’s local business owners, workers and artists impacted by the cancellation of SXSW is to donate to the Stand with Austin Fund, or any of the other fundraisers created in response to the cancellation of SXSW.
Q: I want to help support the Stand with Austin Fund by donating a portion of my business proceeds or hosting an event or fundraiser. Can I partner with ACF to do so?
You are welcome to make the Stand with Austin Fund a beneficiary of your sales or event. However, ACF cannot provide volunteers or resources to support your event. After your event, you may send a check with your net proceeds to Austin Community Foundation with a note that your donation supports the Stand with Austin Fund.
Austin Community Foundation and the Entrepreneurs Foundation has appointed a community advisory committee made up of representatives from the industries impacted by the cancellation of SXSW. The committee will assist with the following:
- Observe and follow best practices of similar disaster relief funds;
- Establish fund governance, process, criteria for directing any funds, etc.;
- Raise the initial matching funds and publicize the fund to raise contributions;
- Distribute, award and direct relief consistent with the mission of the fund, engaging proven partners with relationships with targeted recipients.
The Stand with Austin Fund will grant to Austin-area nonprofits providing assistance to individuals and small businesses most negatively impacted by the cancellation of SXSW.
- 501c3 Organizations, units of government, or faith communities
- Geographic focus on Austin, Texas and surrounding counties that planned to host SXSW or related events
- Preference will be shown to organizations working in under-resourced communities
The Stand with Austin Fund invites area nonprofits to submit proposals for the work they are doing to provide assistance to individuals and small businesses most negatively impacted by the cancellation of SXSW. Grants will be awarded to projects based on the satisfaction of three main criteria:
- Knowledge of the constituency served: Preference shown to organizations with a history of supporting self-employed, hourly workers and people in the gig economy.
- Plan for the type of relief offered: Funding only available for organizations proposing support for individual and small businesses in the following industries:
- Music and Creative
- Service and Bar
- Defined process for quick distribution to those most affected: Applicants must demonstrate the ability to identify and support the affected constituencies with prudence and expedience.
Preference will be shown to organizations requiring the least amount of overhead to execute relief projects.
The amount of relief funding that will be available is uncertain so no estimate can be given as to the amount of relief to be provided, the number of fund beneficiaries that might be assisted, nor the level of any assistance given. We have targeted to raise at least $1MM for the Stand With Austin Fund.
The fund will not raise or distribute anything near the potential economic loss associated with the cancellation of SXSW so it will be impossible to provide relief to all that need it or at levels equal to losses sustained. The goal is to give the community the opportunity to provide some measure of relief to some of those in the greatest need.
We plan to grant:
- 1/3 of funds raised to nonprofits serving small businesses
- 2/3 of funds raised to nonprofits serving individuals
We will make grants to nonprofits best able to reach the individuals and small businesses targeted for assistance.
We will favor nonprofits who can leverage a grant from the Stand With Austin Fund alongside other funding the nonprofit organization has secured.
We understand that quick access to philanthropic capital is paramount. Proposals will be reviewed and decisions will be made within 4 weeks of submission.
- RFP released: March 26
- Proposals due: April 17
- All decisions announced: April 30
Grantees must submit a final report one month after the conclusion of the work or no later than October 15, 2020.