Grant Guidelines

 

Grant Guidelines

Our Mission

The mission of the NVE Bank Community Foundation is to support programs and organizations that will contribute to the betterment of the communities it serves.

Eligibility Requirements

  • An applicant must be a non-profit organization recognized under Section 501(c)(3) of the Internal Revenue Code, a municipal entity seeking a grant for public purposes or a religious organization seeking a grant for nonsectarian projects primarily associated with foundation priorities.
  • Applicants must be located in, or serving Bergen County, New Jersey.
  • Applicants must have a board of at least 3 representatives of the community, of which a majority is neither employees nor relatives of employees.

Types of Grants

The NVE Bank Community Foundation awards both designated and competitive grants.

  • Designated grants will be made to organizations selected by the NVE Bank Community Foundation and will not be required to submit an application for this funding. Organizations will be notified by NVE Bank Community Foundation about the schedule for distribution and amount of their funding after these awards are made.
  • Competitive grants are made for programs and capital needs. The Foundation will primarily fund direct costs incurred in starting or improving a program. However, indirect/overhead expenses are permitted as a line item – overhead above 10% of request must be documented in the Budget Narrative. Specifically, NVE Bank Community Foundation seeks projects that align with the NVE Bank Community Foundation’s priorities. The priorities are:
    • Affordable housing and rehabilitation
    • Community services; including but not limited to, healthcare, education, job training, social services, childcare, and credit or financial services
    • Economic development
    • Revitalization or stabilization of distressed or underserved areas

 

In addition, the NVE Bank Community Foundation looks for strong proposals that:

  • Address demonstrated community need.
  • Summarize the organization’s track record in successfully implementing programs.
  • Adopt evidence-based programs and models, when appropriate.
  • Demonstrate potential for leveraging additional or sustaining support.
  • Clearly explain the project plan and provide a realistic budget that aligns with stated goals.
  • Advance community plans and priorities, when applicable. Preference is afforded to those requests with broad, visible community involvement in the design and fundraising for the project.
  • Include alliances and collaborative ventures between organizations, especially in cases where a partnership is essential for program success.
  • Describe your local presence and benefits to Bergen County, New Jersey.

Ineligible for Funding

  • Requests for political or religious purposes.
  • Requests from municipalities or religious organizations for buildings or associated expenses (however, we may consider support for equipment if it is specifically part of an eligible programmatic request).
  • Requests for capital expenditures on buildings not owned by the non-profit requesting funds.

Frequently Asked Questions

  • Are grant requests limited to a certain dollar amount? No, however, most requests supported by the NVE Bank Community Foundation fall in the $1,000-$10,000 range.
  • Can I submit more than one proposal in a year? Yes, however, if you have received a competitive or designated grant in that year, a second would be unusual.
  • Can I submit a proposal for equipment? Yes, however, NVE Bank Community Foundation gives higher priority to requests for programs and services over capital or equipment.
  • Can I apply for expenses that have already been incurred? No, grants for previously incurred expenses are specifically prohibited.
  • Will NVE Bank Community Foundation consider requests from schools? Yes, however, requests from schools (or for programs offered in schools by nonprofit organizations) must include a signed letter of support from the principal of the school submitted with the grant application.
  • What if my request does not fit under the NVE Bank Community Foundation’s priorities? You may still apply for a grant, however, priority will be given to those areas listed.

Process for Grant Requests

  • Review the grant guidelines above to determine your organization’s eligibility and the appropriateness of the proposed project.
  • Complete the online grant application (https://www.nve.bank/about-us/foundation/).
  • You will need to submit the following attachments:
    1. Proposed Project Budget and Narrative: Attach a sheet showing the proposed budget for your project, including support from your agency, support from other funders, and the support you are seeking from the NVE Bank Community Foundation.
    2. Support From Other Funders: Please attach a list of other funders, the amount you requested and if the request is committed, pending or projected.
    3. Board of Directors List (including contact information for the Board Chair).
    4. A copy of the organization’s nonprofit determination letter from the IRS.
    5. For programs in schools, include a letter of support from the principal.
    6. If applying for a capital campaign, attach a copy of your campaign feasibility study and provide the status of your campaign, listing amounts of requested versus secured contributions.
  • The grant review and decision-making process takes approximately eight weeks from the grant submission deadline date.
  • When decisions have been made, grant applicants will be notified by phone call or letter.

 

Publicity Guidelines

We require all non-profit organizations that receive funding through the NVE Bank Community Foundation to join us in promoting public understanding of the vital role philanthropy plays in strengthening our community. We require you to publicize your grant and to recognize the NVE Bank Community Foundation who helped make the grant possible. Sharing information about the NVE Bank Community Foundation grant you received may help you build additional support for your program.

NVE Bank Community Foundation requires that you:

  • Include news of your grant in any publications you produce for internal or external audiences, such as newsletters, brochures, annual reports, lists of supporters, board minutes, etc.
  • Inform local media, including weekly suburban newspapers and special interest publications as appropriate.
  • Include the Foundation’s logo on brochures, signs, or plaques that recognize funders at events or on facilities. To obtain our Foundation logo, please contact Karen Melon at kmelon@nvebank.com or 201.816.2800 x 1223.
  • Provide a link to the Foundation’s website (nve.bank/about-us/foundation) on your website.

NVE Bank Community Foundation can help you by:

  • Providing our logo for your use upon request.
  • Discussing publicity ideas for grants through local media.
  • Helping you target appropriate media outlets.
  • Answering any questions about NVE Bank Community Foundation’s attribution in your news releases and publicity materials.

 

Referring to NVE Bank Community Foundation and its funds

Always refer to the Foundation as NVE Bank Community Foundation.

Use of the logo on collateral materials

Credit the NVE Bank Community Foundation’s support by including our current logo in promotional materials, programs, educational materials, print advertising, and other publicity materials related to the NVE Bank Community Foundation grant you received. If you would like an electronic file of our logo, please contact Karen Melon at kmelon@nvebank.com or 201.816.2800 x 1223.

Photographs

Often, we use photographs of grantees to illustrate the programs we support. If you are willing to share your images, please email them with a contact name, phone number, description of your program, and email address to Karen Melon at kmelon@nvebank.com.

Questions or Additional Information

For further information about NVE Bank Community Foundation or to discuss your proposal in greater detail, contact Karen Melon at kmelon@nvebank.com or 201.816.2800 x1223. Any discussion with NVE Bank Community Foundation should in no way be construed as preliminary approval of the grant.