The Old National Bank Foundation makes contributions to nonprofit organizations to fund widespread community impact programs and/or projects. The Foundation is part of our overall charitable giving initiative, which enables us to support programs that improve quality of life in areas of Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee and Wisconsin. We believe in supporting where our clients, team members and shareholders live and work.
Our funding targets innovative programs that enhance the quality of life within our communities in support of the following four strategic initiatives: Affordable Housing, Workforce Development, Economic Development, and Financial Empowerment. We prioritize programs that serve underrepresented communities and low- to moderate-income people.
Affordable Housing
Increase Homeownership Opportunities: We seek initiatives that enable individuals and families to purchase homes through accessible financing, down payment assistance, and homeowner education.
Support Critical Home Repairs and Revitalization: We fund programs that ensure safe, habitable housing by assisting with essential repairs for homes.
Promote Multi-Family Housing Developments: We prioritize programs that develop or sustain affordable rental units.
Economic Development
Small Business Development and Growth: We aim to support programs that help small businesses scale, access resources, and build sustainable growth plans.
Capacity Building for Technical Support: We encourage projects that enhance the capability of organizations offering technical support to small businesses and nonprofits.
Entrepreneurship and Business Coaching: We support programs that offer entrepreneurship education, business coaching, and professional development for new or aspiring business owners.
Workforce Development
Access to Apprenticeship and Work-Based Learning: We support workforce readiness through initiatives offering hands-on training, particularly in trades and high-demand fields.
Job Creation, Employment Entry, and Retention: We support projects that connect individuals to stable employment and increasing levels of income. This can include higher education with dual credentialing, leadership and professional development.
Financial Empowerment
Financial Wellness: We fund long-term initiatives that reduce barriers to banking and credit access, especially for underbanked groups. This can include culturally relevant and multilingual outreach, foreclosure prevention, and credit counseling with the goal of financial independence.
Community Lending Access: We support organizations that provide access to affordable microloans, emergency loans, and community cooperative lending as safe and sustainable alternatives to predatory loans.
Financial Education
Grant Size and Term: Our average grant is $15,000, with the great majority awarded for a one-year term.