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Ameriprise Financial has a long history of giving back to the community through its grants program. The company focuses on investing in community priorities that support financial education and stability.
The grants are designed to help non-profit organizations achieve their goals and make a lasting impact in their communities. By providing funding to these organizations, Ameriprise Financial is able to support a wide range of initiatives.
Ameriprise Financial's grants program has a significant impact on the communities it serves. The company's commitment to giving back is evident in its actions, and its grants program is a key part of its community investment strategy.
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Eligibility and Giving
To be eligible for Ameriprise Financial grants, a nonprofit must hold a 501(c)(3) IRS designation and clearly match one of the company's three grant making focus areas.
Eligible nonprofits must also provide a complete application, including an uploaded financial audit or financial review that was completed within the last two years, as well as demonstrate financial stability and measurable results.
Ameriprise Financial also supports its people and the causes they care about through global gift matching, with advisors and employees generously donating over $9.5 million to causes when matched by the company.
Eligibility
To be eligible for a grant, a nonprofit organization must hold a 501(c)(3) IRS designation.
A nonprofit's location plays a role in determining its eligibility, with different requirements for different areas. For instance, nonprofits near Ameriprise employee centers need a higher level of volunteer engagement to apply under the Volunteer-Driven Causes focus area.
In areas like the Twin Cities/Minneapolis and St. Paul, Green Bay, Wisconsin, Las Vegas, and Phoenix, a nonprofit needs 25 or more Ameriprise volunteers to be eligible. In other locations, 5 or more Ameriprise volunteers are required.
To be eligible, a nonprofit must clearly match one of the three grant making focus areas defined in the document. These focus areas are Meeting Basic Needs, Supporting Community Vitality, and Volunteer-Driven Causes.
A nonprofit must also provide a complete application, including a financial audit or review, and show measurable results and clearly documented outcomes.
Giving Priorities
We focus on three key giving areas when awarding grants. These areas allow us to make a significant collective impact in our communities.
One of these key areas is supporting nonprofits that help individuals on a path to financial independence. Awarding grant dollars to these organizations is a crucial way to strengthen our communities.
We also prioritize giving in areas that promote global gift matching and Volunteer Rewards Programs. These programs encourage individuals to donate generously to causes they care about.
The collective impact of individual giving is substantial, as seen with Ameriprise advisors and employees who donated over $9.5 million to causes they're passionate about when matched by the company.
Organizations that develop innovative programs and strategies to improve family literacy, engagement, and leadership are eligible for funding opportunities like the Sharon Darling Innovation Fund. Up to $30,000 is available for these types of programs.
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Grant Programs
Ameriprise Financial offers a range of grant programs to support various causes and organizations.
One such program is the Ameriprise Financial Foundation, which provides grants to non-profit organizations that focus on education, economic empowerment, and community development.
Grants are typically awarded in the range of $5,000 to $50,000.
The Ameriprise Financial Foundation also offers a program called the "Financial Literacy Grant", which provides funding to organizations that teach financial literacy skills to underserved populations.
These grants can be used to support a variety of activities, such as developing financial education programs, creating educational materials, and conducting research.
The application process for Ameriprise Financial grants is competitive, but the foundation reviews applications on a rolling basis.
Eligible organizations must have a 501(c)(3) tax-exempt status and demonstrate a commitment to financial literacy and education.
Community Involvement
Ameriprise Financial grants are not just about providing financial support, but also about giving back to the community. Ameriprise Financial has a strong commitment to community involvement.
Ameriprise Financial has a Community Development Program that provides grants to non-profit organizations. These grants support projects that improve the quality of life for low- to moderate-income individuals and families.
Ameriprise Financial's community involvement efforts have a significant impact on the lives of those in need. In 2020, the company provided over $1.5 million in grants to non-profit organizations.
Ameriprise Financial's grants are focused on improving financial stability, education, and health. The company's Community Development Program has supported projects such as financial education programs, job training initiatives, and health clinics.
Ameriprise Financial's commitment to community involvement is evident in its partnerships with non-profit organizations. The company has partnered with organizations such as the National Foundation for Credit Counseling and the Financial Counseling Association of America.
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Impact and Partnerships
At Ameriprise Financial, we're committed to making a positive impact in the communities we serve. We support a diverse group of 7,800 nonprofits through strategic grants, volunteerism, and global gift matching.
Our values of respect for individuals and communities guide our actions, and we're proud to support local NGOs in India that help meet the basic needs of older adults and children. We also provide educational opportunities and mentoring to underprivileged youth.
Our people are passionate about giving back, and we match their donations through our global gift matching program. In 2023, advisors and employees generously donated more than $9.5 million to causes they care about.
Ameriprise India supports seven local NGOs, making a tangible difference in the lives of those in need. Our Volunteer Rewards Program is another way we support our people's charitable efforts, fostering a culture of giving and community involvement.
Sources
- https://www.instrumentl.com/grants/ameriprise-community-grants
- https://www.ameriprise.com/about/community-impact/grant-making
- https://www.ameriprise.com/about/community-impact/index
- http://afterschoolalliance.org/afterschoolsnack/Ameriprise-Financial-grants-for-supporting-community-vitality_03-07-2019.cfm
- https://www.ameriprise.com/financial-goals-priorities/family-estate/charitable-giving-strategies
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