Sax announces theme to Founders’ Award — event that gives 1 nonprofit $20K

Nonprofits will have a chance to earn up to $20,000 as part of the 7th annual Founders’ Award event by Sax LLP.

Sax, a Top 100 accounting, tax and advisory firm located in Parsippany, annually aims to provide critical funding for 501(c)(3) organizations through its Founders’ Award.

Sax officials said it is a way for the firm to honor the values of its founders by empowering and supporting organizations making a positive impact in the communities they serve.

“The Founders’ Award is a beloved event that honors the dedication of our nonprofit community, highlighting their exceptional efforts and the innovative solutions they bring to life,” said David Ashenfarb, Leader of Sax’s Nonprofit Practice.

“Sax’s founders, Sander Sax, Morris Macy and Egon Fromm, instilled the importance of giving back to the community, and we will continue that tradition for years to come. By recognizing the achievements of nonprofits, our goal is for the Founders’ Award to inspire others to step up, lend a hand and make a difference.”

This year’s award theme is “Empowerment,” highlighting how nonprofits equip individuals and groups with the resources, skills, knowledge and opportunities necessary to take control of their own lives and advocate for their needs and rights, resulting in positive change.

Five independent consultants with extensive nonprofit backgrounds will determine three winners based on whose applications best represent this year’s theme.

The winners will receive:

  • First place: A $20,000 unrestricted gift to support the organization’s mission and initiatives;
  • Second place: A complimentary Mission Moment video package valued at $20,000 from Beard & Bowler Productions, a Dumont-based commercial filmmaking creative company renowned for its exceptional storytelling talent;
  • Third place: A $5,000 unrestricted cash prize, courtesy of Valley Bank.

Though most funding awarded to nonprofits must be allocated to support an organization’s programs, unrestricted gifts allow an organization to invest funds into personnel, training/skills and other expenses that will help the nonprofit succeed and flourish while focusing on its main missions.

Those who wish to enter must provide one high-resolution file of the organization’s logo, three photos demonstrating the organization’s efforts to empower the community and a nonprofessional video (no longer than five minutes) addressing the following:

  • How does your nonprofit define empowerment within the context of your community?
  • What specific strategies or programs do you employ to facilitate empowerment among community members?
  • Can you provide examples of individuals or groups within your community who have experienced tangible empowerment through your organization’s efforts?
  • What are your organization’s future plans and aspirations regarding empowerment initiatives within the community?

The Top 75 applicants will be invited to attend the Founders’ Award event on Sept. 10, when the winner will be announced. Applicants must attend the event to receive the award.

All entrees must be received by 11:59 p.m. June 14.

For more information, click here.