OVERVIEW: The Voya Foundation awards grants to U.S.-based disaster response and relief organizations that work abroad. The foundation also supports response and relief efforts within the United States.
IP TAKE: Voya is an approachable corporate funder that does not often award multi-year grants to the same groups. This practice increases the chances of lesser-known disaster response and relief groups who would like to secure funding through the Voya Foundation. However, funding is still competitive.
PROFILE: Formerly known as the ING Foundation, the Voya Foundation is the charitable branch of Voya Financial. The foundation supports projects that benefit the communities in which the company has a strong operational presence. Given its background in finance, the foundation prioritizes proposals that support financial resiliency and financial education through long-term community-rebuilding efforts. However, this corporate funder is also a strong supporter of disaster and relief efforts abroad.
Voya does not earmark its funds for disasters that occur in specific regions of the world. Like most funders of this category, the foundation responds to acute needs wherever disasters occur. According to the foundation’s website, every year it hopes that disaster relief funding will not be necessary, but is “prepared to help our neighbors and employees when a crisis strikes.” The grantmaking focus for Voya sits squarely on natural disasters rather than those with manmade causes, such as conflict.
Though Voya has awarded disaster response and relief grants of $1 million, most tend to stay in the $50,000 to $250,000 range. The foundation largely awards large U.S.-based organizations that work abroad, such as AmeriCares, International Red Cross, Habitat for Humanity and UNICEF.
Voya accepts unsolicited requests for funding via its website only. Applications submitted by any other means will not be accepted. Funding proposal requests must be for a minimum of $2,500. The foundation awards one-year grants and does not typically offer multi-year support to its grantees.
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