Grant Giving

Hope for New York, in addition to mobilizing volunteers, has provided strategic grants to our affiliates.  Since its inception in 1994, HFNY has given away over $3.4 million dollars. 

In funding our affiliates, we give priority to:

  • Existing programs that demonstrate best practices
  • Expansion and creation of new programs
  • Programs that serve unique or unmet needs
 
Recent Grant Distribution

In Fiscal Year 2008, HFNY contributed $683,942 in grants in the following area:

   

Adult Recovery: 

$194,747
 

Children & Youth:

$193,352
 

Community Development:

$152,708
 

Targeted Population:

$85,635
 

Other:

$57,500
 

TOTAL:

$683,942

 

Examples of Grants Awarded

In 2007, Hope for New York provided:

  • $40,000 supported a soup kitchen program that increased their outreach to serve 200 clients and 450 meals a day – up 30%.
  • $38,150 provided compassionate care products in the form of Thanksgiving meals to 350 families, homeless care kits to 300 individuals, Easter bags to 525 individuals, back-to-school shoes for 175 children and backpacks to 210 children.
  • $17,000 supported 365 days of warm meals and career development resources to a women’s rehabilitation center serving 32 women – only $46 a day.

 

Financial Stewardship

Prior to affiliating with an organization, HFNY carefully conducts a comprehensive due diligence process that involves an application with an extensive review of programs, budgets and financial statements. Once an organization is approved as an affiliate, there is a probationary period of one year before an affiliate is eligible to receive funding.

Annually, affiliates must submit the following information along with their grant application:

  • Audited Financial Statement
  • Form 990 (IRS Statement for Nonprofits)
  • Annual Report
  • Organization and Project Budget
  • Certificate of Liability Insurance
  • List of Major Funding Sources
  • Certificate of Liability Insurance
  • List of Current Board Members and Schedule of Attendance

This extensive, comprehensive due diligence process is an example of HFNY’s commitment to financial stewardship.  Beyond these data points, ongoing relationships between affiliate staff, HFNY staff and volunteers are critical to our success. Volunteers provide first-hand accounts of the effectiveness of our affiliate programs and HFNY’s investment of resources.


HFNY does not accept unsolicited grant requests.