AUSTIN, Texas – Austin Community Foundation announced today $365,000 in grant funding from the Hispanic Impact Fund will be awarded to 28 nonprofit organizations working to advance economic opportunity for Latinos in Central Texas. This year’s grants include a significant milestone for the Hispanic Impact Fund—awarding its one-millionth dollar since its founding in 2017.
The unrestricted, general operating grants being distributed this month support organizations that focus on four areas critical to the economic security of Latinos: early childhood education, health and wellness, job skills and entrepreneurship, and leadership development. The grants range in size from $5,000 to $40,000.
“We are proud to celebrate the rich contributions of Latinos while investing in advancing their futures by supporting nonprofits working to build a more equitable Central Texas,” Stephanie Bazan, 2022 grants chair for the Hispanic Impact Fund, said. “On behalf of the Hispanic Impact Fund, congratulations to the 28 grant recipients who continue to show up and do the critical work needed in our community. Adelante!”
The Hispanic Impact Fund is a collective giving network at Austin Community Foundation established in 2017 to leverage the assets, resilience and strength of the Latino community. The fund uses data and community voice to make grants to local nonprofits. The winning grant finalists are determined by an annual vote of the Hispanic Impact Fund membership, which includes approximately 150 individuals, families, and businesses.
“We’re grateful to the investors in the Hispanic Impact Fund for their collective effort to shed light on the disparities in our community and support the upward economic mobility for Latinos, leading to greater prosperity for our entire region,” Mike Nellis, chief executive officer, Austin Community Foundation, said.
The Hispanic Impact Fund is a key strategy in the Foundation’s effort to close the opportunity gap in Central Texas.