In recognition of #GivingTuesday, the Howard G. Buffett Foundation today announced a new program to engage young people in identifying innovative and impactful efforts to address hunger, conflict and poverty. In partnership with Arizona State University’s Lodestar Center for Philanthropy & Nonprofit Innovation, the Buffett Foundation will solicit proposals through the 40 Chances Seed Grants program.
The new program will provide forty $10,000 grants to the most innovative nonprofit organizations using strategies built on the effective philanthropic principles described in the New York Times bestselling book 40 Chances: Finding Hope in a Hungry World, authored by Howard G. Buffett with Howard W. Buffett.
Through the partnership, students and faculty at Arizona State University will identify the organizations with the highest potential for impact and the Howard G. Buffett Foundation will make the final determinations on all grant recipients.
Seed grants will be awarded twice per year, and winners for the first round of grants will be announced in the spring of 2014. Organizations must have U.S. 501(c)(3) tax-exempt status or be sponsored by an organization with U.S. 501(c)(3) tax-exempt status to be eligible for consideration. Forty grants will be awarded over four years, for a total of $400,000. Recipients of seed grants will be expected to provide a report on the grant’s impact following the implementation of funds.
#GivingTuesday was created to designate the Tuesday following Thanksgiving, Black Friday and Cyber Monday as a national day of giving.
Find out more information about the 40 Chances Seed Grants program by visiting http://www.40Chances.com/SeedGrants.