The Allstate Basis Awards $2 Million in Financial Alternative Grants

November 6, 2023 – The Allstate Foundation has introduced 20 recipients of its second annual open request for proposals. This yr, the RFP focus was nonprofits creating Inclusive Financial Alternative. They had been chosen from greater than 900 nonprofit organizations that utilized. These unrestricted grants assist organizations that promote financial inclusion and monetary empowerment and create pathways to success for all people, particularly these from underrepresented communities.

The 20 nonprofits will obtain a complete of $2M for his or her work to interrupt down boundaries to financial alternative and create a extra inclusive society. In no explicit order, the recipients are:

For his or her time and aligned work, The Basis can also be recognizing a further 171 nonprofit finalists with $3,000 honorary grants.

“This open request for proposals course of has allowed us to acknowledge exceptional nonprofits up to now. If we had conventional restrictions/guardrails in place, we could not have obtained grant purposes from these groups who’re making actual change,“ Courtenay Barton, racial fairness program officer at The Allstate Basis, mentioned. “These unimaginable organizations will use their experience and these unrestricted funds to catapult the constructive impression they make on people and communities.”

The Allstate Basis empowers communities and works towards a society the place everybody has the chance to thrive. The Basis’s racial fairness program is targeted on workforce improvement, particularly working to shut the racial alternative hole for careers with thriving wages. The Basis invests in: 

Nonprofit organizations serving to individuals overcome boundaries and offering alternatives to thriving-wage employment,
Entrepreneurs advancing fairness via modern workforce improvement methods, 
Constructing better understanding, momentum and buy-in amongst employers for promising practices addressing racial fairness via workforce alternative and improvement applications – which will help drive higher enterprise outcomes.

Since 2021, The Allstate Basis invested an $20 million in nonprofit partnerships centered on advancing racial fairness via workforce alternative and improvement. This work enhances the work of the Allstate Company, together with quite a lot of commitments made to advance fairness, comparable to: founding member of OneTen, member of the Second Likelihood Enterprise Coalition, participant in P33 and signing CEO Motion for Variety and Inclusion pledge. To be taught extra about The Basis and its companions, go to: https://allstatefoundation.org/.

Publish Views: 43