Introduction to Global Impact Cash Grants
The Global Impact Cash Grants program offers a unique opportunity for nonprofit organizations (NPOs) and non-governmental organizations (NGOs) to secure funding for innovative early-stage solutions that can create substantial social impact. By targeting significant social issues, this initiative aims to improve the reach and efficiency of services through technology.
Eligibility Requirements for Organizations
To apply for Global Impact Cash Grants, organizations must meet specific eligibility criteria. NPOs and NGOs based in the United States need to be recognized as tax-exempt under the Internal Revenue Code section 501(c)(3) and classified as public charities. For international organizations, equivalency documentation is necessary to assess their status. Projects must focus on audiences that are 65% economically underserved and address areas like crisis response, education, economic empowerment, or climate resilience.
Application Process and Key Considerations
The application process begins with a letter of inquiry (LOI) to determine the suitability of your organization for further consideration. Eligible organizations can apply for up to USD 100,000, with an emphasis on maintaining overhead costs below 25%. There’s flexibility for exceptional organizations that align closely with Cisco’s values, as exemptions to the overhead requirement may be granted on a case-by-case basis.
For more detailed information about the program and to download the specific requirements, please visit the Cisco Foundation’s website.