Citi Foundation Announces 2024 Global Innovation Challenge to Strengthen Nonprofits Pioneering Solutions to Homelessness
Citi Foundation Seeks Solutions: Fighting Homelessness Globally with $25 Million Challenge
The Citi Foundation’s Global Innovation Challenge is an open call for applications or request for proposals (RFP) designed to provide catalytic grant funding to community organizations across the world. This year, the Foundation is specifically focusing on identifying leading solutions to homelessness.
For guidance on the intent of this funding opportunity, including eligibility requirements, please review the Global Innovation Challenge Summary & FAQ document.
ELIGIBILITY CRITERIA
• Applicant organizations must be registered as nonprofit entities under local law. For example, for U.S. entities, applicants need to be tax-exempt public charities as per Section 501(c)(3) of the U.S. Internal Revenue Code.
• Applicants must be able to submit their most recent externally audited financial statements, including auditor’s notes, covering some part of calendar year 2022 or a subsequent year.
• Applicant’s proposed program must align with the Foundation’s mission of supporting low-income communities as defined by local standards and definitions.
• Applicant’s proposed program must impact one or more of the target geographies (see Q1).
Prize
The Foundation plans to award 24-month grants of $500,000 (USD) to 50 community organizations working in select communities where Citi has a presence.
APPLICATION PROCESS & DEADLINES
Registration Deadline: Organizations must first register and confirm they meet the eligibility requirements to gain access to the Citi Foundation's grantmaking portal. Eligible applicants will receive access to the portal within three business days. The deadline to register to apply is 12 p.m. New York time (Eastern Time) on February 13, 2024.
