Cathay Bank Foundation Supports Girls and Women for Community Betterment

The Cathay Bank Foundation is the nonprofit affiliate of Cathay Bank, which has a history and organizing principle that also illuminates its nonprofit giving.

Cathay Bank opened in 1962, “with the mission of providing financial services to the growing but underserved Chinese-American community,” starting in Los Angeles as the first Chinese-American bank in Southern California, and expanding from there with a “rapid expansion. . . fueled by successive waves of immigration, burgeoning trade between America and Asia, and the economic development of the surrounding community.”           

By extension, the Cathay Bank Foundation's mission is “to enhance the growth and success of communities in which the Bank serves.” The foundation lists affordable housing, community and economic development, and education as its three largest priorities, with additional consideration given to arts and culture, health and welfare, environmental issues, human services needs, and “programs that benefit the communities at large.”

That is, so long as those “communities at large” are in the states of California, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas and Washington, which are currently where its banks are located.

Within many of these giving sectors, the Cathay Bank Foundation has shown specific interest in programs targeted to women and girls, with health and housing leading the way.

No matter what issue your program is designed to tackle, be sure that low and middle-income (LMI) populations are your targeted benefactors, a requirement for this foundation. And while the Cathay Bank Foundation does give beyond its connections to Chinese and Asian Americans, there’s no question those racial, ethnic, and immigrant groups are priorities.

Most grants from the Cathay Bank Foundation fall in the $1,000 - $10,000 range. Recent grantees focused on girls and women include:

The Cathay Bank Foundation has an LOI open to all, inviting anyone who fits the bill to submit a traditional LOI letter on a rolling basis. From there, its invite-only grant application has an August deadline; plan your LOI submission accordingly.

RELATED:

Cathay Bank Foundation: Grants for Public Health

Cathay Bank Foundation's Commitment to Housing as Development