Provident Bank Foundation provides guidelines for $2M grant program

The Provident Bank Foundation will award $2 million in funding in 2022 to organizations in central and northern New Jersey, Eastern Pennsylvania and Queens County, New York.

Samantha Plotino, executive director of the Provident Bank Foundation, said all grants will be used to help fund organizations within the foundation’s three priority areas:

  • Community enrichment: Programs that drive economic development, contribute to a more well-rounded community experience, serve those with special needs and provide increased access to information and culture.
  • Education: Innovative programming that expands access to, and improves the quality of, well-rounded educational experiences through strong academic support and curriculum development.
  • Health, youth and families: Programs that ensure people of all ages and means have the ability to live healthier, more fulfilling lives, including access to quality health care, nutrition and wellness, and mentorship opportunities.

How to apply

Letters of Intent will be available on the foundation’s website on Feb. 14 for Signature Grants as well as the Community Grants. LOIs will be accepted for the first cycle of Major Grants beginning April 1. Eligible organizations interested in the 2022 Signature Grant are encouraged to contact the foundation to discuss their proposal prior to submitting a Letter of Intent.

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“We have made a dedicated effort to make funding more flexible and accessible. As nonprofits continue to face many changes and challenges in this evolving environment, we want to make sure we are meeting their needs,” Plotino said.

“After focusing heavily on organizations directly connected to pandemic-related needs, we will now shift our focus back to areas like mental health and community enrichment, as well as boosting sustainability and bringing stability back into people’s lives.”

Three types of grants will be available:

  • Signature Grants: After a hiatus during the height of the pandemic, the foundation will offer three $100,000 Signature Grants in 2022 — one for each of the foundation’s funding priority areas: Community Enrichment, Education, and Health, Youth and Families. As a new development for this grant program, organizations are now able to choose to use their funding over one to three years to help further support program sustainability.
  • Major Grants: They will provide funding between $5,001 and $25,000 and continue to focus on specific programs and projects. The foundation will allow for more flexibility on how grant funds are spent, leaving it up to recipients to utilize funding across the term based on the evolving needs of the program or project.
  • Community Grants: Nonprofit applications for Community Grants ranging from $1,000 to $5,000 will be reviewed on a rolling basis and will specifically support general operations and fund day-to-day expenses.