How We make a grant
Once you donate, you become a member of 100 Women Albuquerque. Our members get to choose the nonprofit agencies that we grant money to. Each quarter five nonprofits are emailed out to the membership. They have three weeks to review and make their selection. Once we tally the votes, members give to the nonprofit selected by the majority.
We keep a list of suggested nonprofits submitted from our members. All of our nonprofits are vetted by our community investment volunteer, Melissa Fox. Melissa oversees the grant making at United Way of Central New Mexico, she is a member of the New Mexico Funders Collaborative, and helps facilitate our local Emergency Food and Shelter Program. To be considered for funding, each nonprofit must meet the following basic criteria highlighted below.
Eligibility For Funding
- Be a nonprofit organization, exempt from Federal Income Taxes under section 501(c)(3) of the Internal Revenue Code or have a fiscal agent that is one.
- Have a proven track record of benefiting people within Bernalillo County.
- Does not discriminate when providing and offering services
- Total annual income brought in is under $300,000.
- Grants are not made for political or religious purposes or to Influence legislation or elections or for other grant-making organizations.
The Richard M Schultz Family Foundation invited 100 Women Albuquerque to apply for matching grant dollars each quarter, up to $5,000. Richard Schulze, Best Buy’s founder, has identified the 100 Women structure as a great way to partner with local philanthropists. Over the last four years, the foundation has worked with 137 ‘100 Women’ giving circles and has provided over $3 million. They match roughly 90% of the applications they receive and the funds go directly to the local nonprofit selected each quarter. This incredible generosity helps us double our impact!