Iowa will invest $20 million in American Rescue Plan Act funding to help nonprofit organizations across the state, the Governor’s Office announced last week.
The new Nonprofit Innovation Fund will provide a competitive grant opportunity to help nonprofit organizations make transformational investments in vertical infrastructure that will enable them to offer additional services or help more Iowans.
“Iowa nonprofits provide critical support to Iowans most in need,” said Gov. Reynolds in a press release. “While these organizations work around the clock to meet today’s needs, the Nonprofit Innovation Fund will provide innovative and transformational investments to help prepare Iowans for tomorrow.”
The program will provide awards up to $3 million for infrastructure projects. Eligible expenses can include construction and acquisition costs, site development, and engineering and architectural services.
Grant recipients must have all funds obligated no later than December 31, 2024 and expended by June 30, 2026.
For more information, visit iowaeda.com/nonprofit-innovation-fund/