Experience suggests that all too often, a nonprofit has considered a new direction, idea, or audience that might be served, but lacks the bandwidth to pursue that initiative. The purpose of the Bandwidth Creation Fund is to provide grants for nonprofit organizations in Palm Beach County to serve their communities more effectively by piloting a new program or initiative.
Each grant should enable the recipient to take on a new initiative, or to consider the further development of an existing program, to create yet more value for those served. At the end of the grant period, each recipient should be better positioned to access larger sources of capital to fund their project at a larger scale.
We envision that these grants will allow recipient organizations to work more effectively and to think beyond their present boundaries. Here are some examples of applications that would be successful:
Grants up to $40,000 will be made and they may be renewed for three years on a case-by-case basis based on the ability of the organization to meet mutually agreed-upon benchmarks.