We are excited to share that our partners at UW Credit Union have announced the Fund for Racial Equity. UW Credit Union understands that the pandemic has brought increased attention to racial disparities in our Madison and Milwaukee communities. Black, Indigenous and people of color (BIPOC) are facing barriers to achieving economic mobility and educational opportunities. However, there are many organizations doing great work to reduce this gap – and UW Credit Union wants to help push progress forward and build a more equitable future.
This $1 Million investment from UW Credit Union – along with $400,000 in emergency and recovery funds contributed by us at United Way of Dane County is designed to support long-term recovery in the wake of COVID-19 – will go towards helping local organizations that aim to improve the financial well-being and capacity of Black, Indigenous and people of color.
The application process will begin with a brief checklist to determine eligibility. From there, 501c (preferred) or organizations with fiscal sponsorship can select the partnership level below:
COVID Response and Recovery Emergency Funds: Meant to address ongoing basic needs insufficiencies.
- Up to $20,000 per recipient
General Funds: Including funds meant to increase access to educational opportunities and/or economic mobility and financial stability for our BIPOC community members. This partnership level is built upon a two-year funding request which allows:
- Up to $25,000 per year for up to two years ($50,000 maximum) for a single organization proposal.
- Up to $100,000 per year for up to two years ($200,000 maximum) for collaborations of three or more organizations