Deaconess Foundation is inviting Eastern Missouri and Southern Illinois nonprofit organizations to apply for up to $450,000 in loans to strengthen programs and further their respective missions.
By providing below-market rate loan opportunities to nonprofits in the St. Louis metropolitan area, Deaconess Foundation seeks to expand community access to financial capital and subsequently build local capacity to achieve positive health outcomes.
“We are privileged to use a portion of our investment portfolio in a way that improves access to capital,” said Bethany Johnson-Javois, president and CEO of Deaconess Foundation.
“We believe that by investing in ways that allow for nonprofits in our community to bridge a gap, we are reducing organizational stress and enhancing their work which we hope will provide greater outcomes for all.”
With these loans, the Foundation seeks to invest responsibly and to leverage its investment portfolio for greater social impact as a part of Deaconess Foundation’s mission to create conditions where liberation is the lived reality within seven generations. Since 2017, Deaconess has dispersed more than $1.4M in total funding through this initiative.
To apply for a loan, non-profit organizations working to improve conditions for community level well-being must be in the Eastern Region of Missouri (St. Louis City, St. Louis, St. Charles, Franklin, and Jefferson Counties) and Southern Illinois (St. Clair, Madison, and Monroe Counties).
Prospective partners may include, but are not limited to, nonprofits pursuing change through coalition and base-building, grassroots advocacy, community organizing or public policy development, community development including community development financial institutions or a community development corporation, intermediaries, and non-profits with revolving loan funds.
The deadline for loan applications is 5:00 p.m. Friday, September 13, 2024. Learn more about Deaconess Foundation’s nonprofit loans at https://deaconess.org/funding-opportunities/#nonprofit-loans.