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Family Opportunity Fund
Opening the doors for families to reach their full potential, together.
The concept of intergenerational economic mobility lies at the heart of the American dream. Our national identity is based on the notion that the circumstance into which one is born should not determine one’s prospects for the future, and that, by having access to paths of opportunity, each subsequent generation can do better than the last. Two-generation models target children and their caregivers/parents in low-income families in hopes of ending the cycle of poverty.
The Family Opportunity Fund invests in organizations who have, or develop, programming that improves the education, financial stability and well-being of the whole family, providing pathways for their success and improved quality of life.
Funds may be requested for existing programs, new programs or to expand existing programs. While reporting on specific outcomes will be required, funds are unrestricted and may be used for general operating support. All awarded organizations are required to participate in a longitudinal data collection partnership with the State of Indiana and submit reports on annual Gross Household Income for individuals and families served.
More information on organizational eligibility, gift awards, and length of funding agreements will be available in May 2024.
The Family Opportunity Fund invests in community-based organizations who seek to lift families out of poverty and ALICE by integrating services for all members in a household to support key goals of the family in educational success, workforce development and economic assets, social capital, health and well-Being and systems-level improvements.
Application Period Opens: July 8, 2024
Virtual Office Hours: July 2024 (more details coming soon)
Application Period Closes: August 7, 2024 (5 p.m.)
Committee Workgroup Review: August/September 2024
Awards Announced: October 2024
Grant Agreements Executed: November 2024
Contracts Executed and Payments: Begin January 1, 2025