Deadline: 4th March, 2025.
The Global Innovation Challenge provides philanthropic support to community organizations that are developing innovative solutions to social and economic challenges facing low-income communities around the world.
This year’s Global Innovation Challenge is focused on youth employability, and we invite proposals from community organizations developing innovative employment solutions for low-income youth primarily between the ages of 15 and 24.
- Technical and vocational training programs that upskill or reskill low-income youth and move them into employment, which could include paid internships, apprenticeships or formal employment.
- Entrepreneurship programming that specifically focuses on the incubation or scaling of youth-led enterprises to increase job creation and access to self generated income.
- Efforts to embed financial education programming into workforce development initiatives equipping low-income youth with financial skills and access to safe and affordable financials tools.
Funding Overview
• The Foundation plans to award grants of $500,000 (USD) payable over two years to 50 community organizations working in select communities where Citi has a presence.
• Grants are meant to be catalytic in nature, supporting the piloting or expansion of ideas and projects in the field of youth employability.
• In addition to grant funds, the Citi Foundation will seek ways to support the selected grantees through volunteerism as well as hosting learning opportunities to promote shared lessons and best practices.
Eligibility Criteria
- Applicant organizations must be registered as nonprofit entities under local law. For example, for U.S. entities, applicants need to be tax-exempt public charities as per Section 501(c)(3) of the U.S. Internal Revenue Code.
- Applicants must be able to submit their most recent externally audited financial statements, including auditor’s notes, covering some part of calendar year 2023 or a subsequent year.
- Applicant’s proposed program must align with the Foundation’s mission of supporting low-income communities as defined by local standards and definitions.
- Applicant’s proposed program must impact one or more of the target geographies (see Q1).
Application ProcessÂ
Organizations must first register and confirm they meet the eligibility requirements to gain access to the Citi Foundation’s grantmaking portal. Eligible applicants will receive access to the portal within three business days.
For more information and registration.
l would be greatful if you could explain into details the criteria, the conditions and the modalities that are required for one to apply for the grant.
Thanks