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HomeAbout ONACMini Grant Application


ONAC SEEKS PROPOSALS FOR NATIVE ASSET BUILDING PROJECTS IN OKLAHOMA

April 4, 2017


GRANT OVERVIEW

The Oklahoma Native Assets Coalition (ONAC) is pleased to announce this April
2017 Request For Proposals (RFP) to help fund Native asset building projects in
Oklahoma. ONAC, with support from the W.K. Kellogg Foundation will award a total
of $7,000 in mini grants to Oklahoma grantees for emergency savings projects.
The mini grants will average $3,500 each. Some awards may be slightly higher or
lower than this average. The grant period is for 9.5 months beginning June 1,
2017 and ending March 14, 2018.

The emergency savings account program funds may be utilized for the initial
account deposit money for your participants and other related program costs.
While this is not a grant requirement, the family emergency savings accounts may
be linked to other asset building programs you already administer such as
financial education, entrepreneurship development, elder meal, seed saving,
foreclosure prevention and homeownership preparation, matched savings account,
credit builder/credit repair, Children’s Savings Account, and free tax
preparation assistance.

The funding for family emergency savings account programs will help Native
families, with lower incomes, to open flexible savings accounts, at a bank or
credit union, to buffer them in times of emergency, income fluctuation, or
irregular expenses. Such accounts will promote financial inclusion by providing
a mechanism for Native families to connect to mainstream financial services that
are safe and affordable. With this funding, you may provide the initial opening
account deposit and then the families can grow the accounts over time with their
own deposits. Emergency savings accounts, for any family, can be a step along
the way towards family financial stability and economic mobility. Depending upon
the numbers of participants you wish to serve with a family emergency savings
account program, you could, for example, provide the initial opening deposit of
$50.00 each for 70 accounts or you could fund fewer accounts with more money (as
an example of the latter, with a $3,500 project budget, you could fund six
family emergency savings accounts at $500.00 each and then use the remaining
$500.00 for other program expenses). Depending upon the participants you serve,
you can design your family emergency savings account program to meet local
community needs. For this program, ONAC does not require that you make the bank
accounts custodial with the name of your tribe or Native nonprofit on the
account.

If you would like to talk through any of your asset building program ideas,
please contact Christy Finsel, Executive Director of the Oklahoma Native Assets
Coalition, at (405) 401-7873, or email her at cfinsel@oknativeassets.org.


DEADLINE

The grant applications are due by May 15, 2017. ONAC will review the grant
applications and make the award determinations, awarding up to $7,000 total,
among this round of grant recipients. ONAC will send the award notifications by
May 31, 2017. A list of awardees will be posted on the ONAC website. ONAC will
send the grant payments to the grant recipients.
Eligibility
Eligible applicants include:

 * Tribal governments based in Oklahoma;
 * Tribal programs based in Oklahoma; or
 * Native-led organizations based in Oklahoma (over 50% of the board members
   must be Native).

If applicants are not a tribal government, 501(c)(3), a 7871, or Community
Development Financial Institution (CDFI), they must have a fiscal sponsor. We do
not require federal recognition for tribal governments; however, you must have,
at a minimum, proof of state recognition.


APPLICATION

All applicants must fully complete the ONLINE grant application.
You will be asked to establish a username and password for the application.


HELP

If you need technical assistance with the online grant application, please
contact Christy Finsel, Executive Director, Oklahoma Native Assets Coalition
Inc., at cfinsel@oknativeassets.org or (405) 401-7873.
The deadline for applications is May 15, 2017, at 5:00 p.m. Central Time.

Please Note: The online system automatically closes at 5:00 p.m. CST and
applications not completely submitted by that time will be rejected by the
system. Please allow plenty of time for submitting online. Proposals that are
incomplete or are received after the deadline will not be considered. No
exceptions will be permitted.

 * Read more about ONAC Seeks Proposals for Native Asset Building Projects in
   Oklahoma