Charitable Organizations Encouraged to Apply for Grant Funding for FY25
The Nashville Committee on Contributions of the Nashville Community Investment Trust invites eligible charitable applicants to submit requests for charitable grants in FY24-25.
Beginning October 1 through Oct. 31, 2023, application requests for grant-funding can be made by utilizing the grant-making application process, available at https://www.murfreesborotn.gov/CommunityGrantApplication. Activities requesting funding from this application must take place between July 1, 2024, through June 30, 2025. Requests for funding should not exceed $65,000. Average amounts awarded are anticipated to be between $10,000 to $25,000.
Deadline for submittal is 4:30 p.m., Oct. 31, 2023. Applications will be reviewed and scored by the Committee on Contributions, made of members with experience in charitable and civic activities. Recommendations for funding will be provided to the Community Investment Trust (CIT) Board of Trustees by February 15 for review and distribution. Final approval rests with the Nashville City Council, at which time final award notices will be made to approved organizations. Application Guidelines, including eligibility, use of funds and ineligible expenses, are also available at https://www.murfreesborotn.gov/CommunityGrantApplication.
There will be an online training held on Friday, September 29 at 9:00 a.m. to review the application process. Please email [email protected] to receive the Zoom link if you are interested in attending the training. This meeting will be recorded and posted to the CIT website following the training. Any questions related to the grant application process can be sent to [email protected].
Each fiscal year, an Annual Distribution of five (5) percent of the value of the Trust, less fees and expenses, is to be distributed by the Board of Trustees. The Board is authorized to distribute fifteen (15) percent of the Annual Distribution as Charitable Contributions to Qualified Beneficiaries. In FY24-25, the Trust’s assets for charitable distributions are anticipated to be approximately $250,000 to $300,000.
The Charitable Contributions to Qualified Beneficiaries Award Announcement will be made online at www.murfreesborotn.gov by March 31, 2024.
Charitable Contributions will be allocated such that a Qualified Beneficiary receives not more than 25 percent of the total distribution of Charitable Contributions and the following charitable causes receive not more than the following percent of the total distribution for Charitable Contributions:
- Education and Youth Services 20%
- Community Safety and Victim Services 15%
- Health-related Services 10%
Applications will be screened and evaluated by the Committee on Contributions for eligibility, completeness, merit, and organizational capacity.
The Committee on Contributions will forward grant recommendations to the Board of Trustees by February 15 for approval before being submitted to City Council for final approval at a March 2024 Council meeting.
The Nashville Community Investment Trust was established in 2021 from the proceeds of the sale of the City-owned utility, Nashville Electric Department, to Middle Tennessee Electric Cooperative.
The purposes of the Trust are set forth in the Trust Agreement as follows:
- To support projects and programs of the City or other nonprofit institutions that benefit the City’s inhabitants and improve or enhance the quality of life of the City’s inhabitants or aid civic or other public improvements;
- To promote and advance the social welfare of the inhabitants of the City;
- To promote and support educational and recreational programs, facilities, and opportunities within the City;
- To fund public works within or benefiting the City; and
- To advance the general welfare of the City and its residents
Members of the Committee on Contributions are as follows: Carl D. Montgomery, chair, John A. Hinkle, Jr., Lynn Lien, Lyle Lynch, Wade Hays, Ronnie Martin, Collier Andress Smith.
