Grant for Community Development, Economic Inclusion, Social Impact in Illinois (USA)
GrantID: 75214
Grant Funding Amount Low: $7,500
Deadline: Ongoing
Grant Amount High: $100,000
Summary
This opportunity is designed for organizations within a defined regional footprint to access funding for community development, economic inclusion, and social impact. The grants are layered—some modest and project-specific, others significant and strategic—and typically fall in the range of $10,000 and layered up to $100,000 depending on scale and scope. In special cases, awards may exceed this for large, multi-year initiatives.
The funding is intended to catalyze programs that promote equitable economic growth, strengthen neighborhoods, support small business development, improve housing stability, and expand financial empowerment. Proposals should show direct benefit to residents in local communities and align with priorities such as job readiness, affordable housing, access to credit, and community revitalization.
Eligibility is generally limited to nonprofit organizations with tax-exempt status, though in many instances small businesses or community development corporations may participate as subpartners or via joint proposals. The sponsoring entity often encourages collaboration across public, private, and nonprofit sectors. The project must serve people within the bank’s lending and service area, even if the applicant is headquartered outside of it.
Applicants are required to submit a narrative that clearly outlines the project rationale, intended outcomes, timeline, budget, capacity, and evaluation strategy. Preference is often given to proposals demonstrating sustainability, local partnerships, and measurable impact. Funding may be disbursed in phases, contingent on meeting milestones or submitting interim reports.
Recipients are expected to report on performance metrics and financial expenditures to demonstrate accountability. Additional support—such as technical assistance, networking, or capacity building—may accompany the financial award. The overall goal is to amplify community impact, foster inclusive growth, and help underserved populations gain access to resources, stability, and opportunity across the region.
Eligible applicants in Illinois with a demonstrated commitment to Employment, Labor & Training Workforce are encouraged to consider this funding opportunity. To identify additional grants aligned with your needs, visit The Grant Portal and utilize the Search Grant tool for tailored results.
Eligible Regions
Interests
Eligible Requirements
