OVERVIEW: The Aegon Transamerica Foundation tends to award grants that support general operating costs rather than specific projects.
IP TAKE: This foundation limits its grantmaking to organizations located in Atlanta, Georgia; Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado; Exton, Pennsylvania; Little Rock, Arkansas; Louisville, Kentucky; Plano, Texas and St. Petersburg, Florida.
PROFILE: Based in Cedar Rapids, Iowa, the Aegon Transamerica Foundation was founded in 1994. It is the philanthropic arm of the financial services company Aegon Transamerica, often simply referred to as Transamerica. The foundation is “[c]omitted to improving the wellness” of the communities in which it has an operational and employee presence. The foundation supports organizations that work in the fields of education, health and community well-being. Grantmaking programs include arts and culture, civic and community, education and financial literacy, health and wellness and human services.
Aegon Transamerica’s arts and culture program supports organizations that “[f]oster creativity in the areas of music and performing arts; greater accessibility to the arts for youth and underserved; support for venues that promote artistic expression.” Rather than naming specific musical interests, Transamerica prefers to make broad grants to music projects.
Foundation grant amounts can go as high as $150,000; however, most grants range somewhere between $10,000 and $50,000. Past music organization grantees include the Music Time Learning Center in Atlanta, Georgia; and the Baltimore Choral Arts Society, located in Baltimore, Maryland.
The Aegon Transamerica Foundation accepts unsolicited grant applications and requests for funding from organization working within one of its areas of focus and “[g]eographically tied to one of Transamerica’s main locations.”
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