The Booz Allen Foundation has established a $1 million Innovation Fund to help nonprofits, entrepreneurs, thought leaders, innovators at colleges and universities, and startups and small businesses harness the power of data, technology, and diverse intellectual capital to improve COVID-19 relief efforts and make a difference. They want to surface the most innovative solutions and empower the individuals and organizations behind those solutions to drive their development and implementation.
The goal of the fund is to surface the best solutions for addressing the social issues created by COVID-19 and empower the people and organizations behind those solutions to drive their development and implementation. The Foundation is specifically interested in solutions and projects that will build lasting community resilience through protecting vulnerable populations and frontline workers or providing for the safe return to work.
Funding Information
Eligible small for-profit businesses and individuals/teams may submit funding requests for microgrants of up to $10,000. Eligible nonprofit organizations (including, but not limited, to nonprofit universities and nonprofit organizations affiliated with universities) may submit funding requests for grants up to $100,000. The final decision on funding is at the sole and exclusive discretion of the Foundation and its Board of Directors.
Eligibility Criteria
The grants are open to individuals, teams of individuals, U.S. tax-exempt 501(c) nonprofit organizations, or small for-profit businesses. Additional eligibility information includes:
- Applicants (both individual applicants and application points of contact for organizations) must be over the age of 18.
- Application points of contact and individual applicants must be U.S. citizens or permanent residents. (Note: Teams may have members that are not U.S. citizens as long as the lead application point of contact is a U.S. citizen or permanent resident.)
- Organizations and individuals that apply must have U.S. bank accounts; individuals that apply must have a U.S. bank account in their name.
- Organizations that apply must be organized in the U.S.
Nonprofit organizations that are not exempt from U.S. federal income tax under U.S. Internal Revenue Service (IRS) Code Section 501(c) may apply as small for-profit businesses—if the organization otherwise meets the criteria for a small for-profit business except for their nonprofit organization structure. For purposes of the Booz Allen Foundation Innovation Fund, small for-profit organizations are businesses that are organized in the U.S., are generally operated for profit, employ less than 100 individuals, and have an annual gross revenue of up to $3 million.
Post Date - 01-May-2020
About The Booz Allen Foundation
The Booz Allen Foundation is dedicated to empowering human potential and driving wider social impact. Building upon Booz Allen Hamilton’s strong legacy of passionate service, the Foundation was established in 2017 as a separate legal entity. Initial funding for the Booz Allen Foundation was provided by Booz Allen. Moving forward, the foundation seeks support from diverse public sources.
Mission
To be a convening force for the social sector, bringing together thought leaders and diverse perspectives to use innovation and technology advancements to help solve challenging social issues and build community resilience from the ground up.
For more https://boozallenfoundation.org/about-us/