Capital One Foundation: Grants for College Readiness

OVERVIEW: The Capital One Foundation’s college readiness grants focus on increasing students’ access to quality education. 

IP TAKE: This funder typically awards project specific grants rather than those to support general operating costs.

PROFILE: The Capital One Foundation is the philanthropic arm of Capital One, a financial services company founded by Richard Fairbank in 1988. It funds both local and national organizations that work within the foundation’s areas of grantmaking interest, which includes education, financial literacy, and community development projects and initiatives.

In education, the foundation seeks to support day care/early childhood education facilities, as well as literacy, after-school, and college access programs. Past college readiness grantees include the College Success Foundation, which received support for its work improving access to college and related services for low-income students in the Washington, D.C. area. Asian Americans for Equality is also a past grantee, which received financial support for its financial aid assistance and college readiness programs.

Grant amounts can range anywhere from $10,000 to over $6 million. Most Capital One Foundation grants range from $10,000 to $200,000. Grantseekers should note that while the foundation supports national initiatives in the United States, it gives grantmaking priority to the states of Louisiana, New Jersey, New York, Texas, Virginia, and Washington D.C.

The Capital One Foundation does not accept unsolicited grant applications or requests for funding.

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