OVERVIEW: GE Foundation supports college readiness programs across the United States.
IP TAKE: The GE Foundation’s college readiness grants not only focus on ensuring that high school students are prepared for college but also creating a “high quality pipeline for all students.”
PROFILE: The GE Foundation is the philanthropic arm of the multinational conglomerate General Electric. The foundation “[i]s committed transforming our communities and shaping the diverse workforce of tomorrow by leveraging the power of GE.” through its main grantmaking programs: Education & Skills, Developing Health, and Disaster & Humanitarian Relief. The foundation also operates a Matching Gifts program. GE created the program in 1954 to support its employee’s personal philanthropy. The company provides a 1:1 donation match.
GE's Education & Skills program “[s]eeks to empower all 14 to 24 year old students to become globally productive citizens by providing access to learning experiences necessary for the workforce of tomorrow.” According to the foundation’s tax filings Achieve, Inc., is a past grantee. The organization received funding for its programs “[m]aking sure every student graduates from high school ready to succeed in the college or career of their choice.
Grants from the foundation can be sizable, with some ranging from $1 million to $5 million. Most grants however, range from $25,000 to $500,000.
The GE Foundation does not accept unsolicited grant applications or requests for funding and instead, choses grantees through “[o]ngoing research in the field.” Grantseekers may contact the foundation at firstname.lastname@example.org.
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