Impact100 Greater Milwaukee, a new, local women’s nonprofit based on a collective giving model replicated nationwide, will provide two $100,000 grants to local nonprofits during its inaugural year, not one $100,000 grant as was initially announced. The addition of a second $100,000 grant is due to the positive response of community members toward the new organization, which reached more than 200 members in less than three months. Impact100 Greater Milwaukee is the 28th Impact100 program in the United States and Australia, and the first in Wisconsin.
Impact100 Greater Milwaukee is a membership-based nonprofit in which 100 (or more) women each donate $1,100 and receive one vote to determine the winner of a transformative $100,000 grant at the end of an annual competitive grant process. From the membership donations, $1,000 goes directly into grant funding, and the remaining $100 supports Impact100 Greater Milwaukee operational expenses.
When the organization launched in October 2015, its co-presidents, Anne Trunzo and Cynthia Harris hoped to recruit at least 115 members to be able to give one $100,000 impact grant and four smaller merit grants.
“We are blown away by the generosity of women in the Greater Milwaukee area, and are thrilled that so many of our peers, colleagues and friends want to support our nonprofit community,” said Trunzo. “We’re also very excited that so many of our members are also volunteering their time to be a part of the rigorous grants review process.”
“Impact100 Greater Milwaukee will help create a brighter future for two local nonprofits, and introduce our more than 200 members to nonprofit organizations they may not have known about previously,” added Harris.
Interested nonprofits have until Friday, January 8, to complete a Letter of Inquiry, the first step in the grants review process. For complete details on eligibility requirements and application instructions, visit http://impact100mke.org/grants-2/.
Nonprofit organizations in Greater Milwaukee (Milwaukee, Ozaukee, Washington and Waukesha counties) with an annual operating budget between $300,000 and $5 million are invited to apply for funding in one of five focus areas: Arts and Culture; Education; Environment; Family; and Health and Wellness.
After a rigorous, multi-stage review process, one finalist in each focus area is invited to present to the full Impact100 Greater Milwaukee membership at the organization’s annual awards celebration in June 2016. Following the presentations, members vote and the winning nonprofits are announced that night. Two organizations will receive a $100,000 grant, and three other finalists will receive smaller merit grants.
About Impact 100 Greater Milwaukee
Impact100 Greater Milwaukee, a registered 501(c)(3) organization, operates as an all-volunteer organization. To ensure that membership donations go directly to grant awards, sponsorship funds are also raised to cover operational and event costs.
Wendy Steele founded the original Impact 100 organization in 2001 in Cincinnati, Ohio, because she believed that “philanthropy should be a party with an open invitation for all to attend.” Collectively, more than $29 million has been donated to local charities by Impact100 organizations.
Visit http://impact100mke.org for more information.Did you like this story? Subscribe to NNS today.