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For Your Business April 17, 2024

How Old National Bank Foundation Grants Fund Community Progress, and How to Apply

Old National has always focused on strengthening and supporting the communities we serve. In 2023, we invested nearly $4.2 million in our communities via grants to 222 organizations.

"Old National Bank Foundation has been a key partner for the last 10 years, providing financial support and directly impacting the lives of literally thousands of young people," says Jay Ediger, Senior Vice President of Development for Junior Achievement of the Michigan Great Lakes. "We are just delighted and grateful for that partnership."

In 2023, 94% of all Old National Bank Foundation grant funding supported Community Reinvestment Act-eligible initiatives, and 84% of grants served underrepresented populations (both percentages excluding "Love for Louisville" donations).

Here are just a handful of initiatives funded in 2023 through the Old National Bank Foundation:

Affordable Housing:

Bickerdike Redevelopment Corporation -- Chicago, Illinois
This initiative aims to develop and preserve affordable housing throughout Chicago. Work distribution is prioritized to benefit local BIPOC small business contractors to promote community development, economic stimulation and job growth.

Veterans Point -- Terre Haute, Indiana
Our grant funding helps the growing number of veterans experiencing homelessness. Veterans Point gives hope, resources and a voice to those who served our country and now struggle to achieve the dreams they fought for.

Economic Development:

Seward Redesign -- Minneapolis, Minnesota
In the aftermath of the civil unrest of 2020, which led to significant property damage, Seward Redesign is working to develop deep partnerships that will build the capacity of developers of color. Our grant provides access to capital for business growth and expansion based on a framework of racial equity.

Ecumenical Senior Center -- Kalamazoo, Michigan
Ecumenical Senior Center is an important hub of senior activity on Kalamazoo’s Northside. This funding will allow the Center to offer numerous programs and services at the same time, including community office space for service providers.

Workforce Development:

League for the Blind and Disabled -- Fort Wayne, Indiana
The League is a disability-rights organization with a vision of full inclusion for people with disabilities in all aspects of community life. The ONB Foundation’s grant was used to fund the Inclusion Institute Leadership Academy.

Lexington Rescue Mission -- Lexington, Kentucky
ONB funds impacted multiple program areas, including a building with increased space to connect people with addictions to recovery services so they can achieve stability, moving families out of homelessness and into affordable housing, and other services.

Financial Education:

Business Ownership Initiative of Indiana -- Indianapolis, Indiana
Our grant enables BOI to coach, train and lend to entrepreneurs and diverse, traditionally underserved small businesses in Central Indiana. Recent expansion has included the Greater Greenwood Chamber of Commerce and the OneZone Chamber of Commerce in Fishers, Indiana.

A Hand Up Community Resource Center -- Louisville, Kentucky
Our funding helps expose children who live in economically disadvantaged neighborhoods to financial resources that can help lessen the impact of poverty and narrow the gap to income inequalities.

Education Achievement:

Ark Crisis Child Care Center -- Evansville, Indiana
Funding focused on The Ark Crisis 2-Gen Program which provides free curriculum-based care to young children while their parents or caregivers are either working (without access to safe, affordable childcare), attending school or participating in job skills trainings.

I have a Dream Foundation – Milwaukee, Wisconsin
The “I Have A Dream” Foundation provides individualized social, emotional and academic support to students “from first grade to first job.” Funding from ONB helps provide housing stability, workforce development, broadband access, financial empowerment, literacy support and more.

To learn more about what Old National does for its communities, and information on the ONB Foundation and grants, go to oldnational.com/about-us/community.

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