Capital One Foundation: Grants for College Readiness

OVERVIEW: The Capital One Foundation funds a range of community initiatives related to education, workforce development, financial security, and small businesses.

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. The foundation partners with local nonprofits “with missions that complement” its areas of grantmaking focus, which include Skills for the 21st Century, Financial Well-Being, Small Business Development, and Affordable Housing

While the foundation does not have a dedicated education or college readiness grantmaking program, it supports 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 also received financial support for its financial aid assistance and college readiness programs.

Grants may range anywhere from $10,000 to over $6 million, but most fall between $10,000 and $200,000. Grantseekers should note that while the foundation supports national initiatives in the United States, it prioritizes 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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