Cathay Bank Foundation: Grants for College Readiness

OVERVIEW: The Cathay Bank Foundation supports the communities served by its parent banking company in the states of California, Nevada, Illinois, New York, New Jersey, Massachusetts, Washington, Texas and Maryland. Its funding initiatives are community and economic development, education, civic and community engagement, and health and welfare.

IP TAKE: Cathay’s education funding prioritizes local programs that support youth as they apply to, prepare for and attend college.

PROFILE: The Cathay Bank Foundation was established in 2002 in Los Angeles, California by the Chinese-American Cathay Bank. The foundation aims to support the communities served by its parent company, emphasizing community and economic development, education, civic and community engagement, and health and welfare.  

One of the main initiatives of Cathay’s education program is the support of “innovative programs that offer assistance to [low- and middle-income] youths to excel in school and prepare for higher education. One past grantee in this funding area is the I Have a Dream Foundation, which provides “individualized social, emotional, and adademic support to young people from low-income communities from kindergarten all the way through college.” Another grantee, Kingsbridge Heights Community Center of the Bronx, in New York City, runs a College Directions program, providing “counseling, coaching, and guidance” to students as they choose, apply to and enter college.

Cathay Bank Foundation grants range from $1,000 to $10,000, and funding is limited to organizations operating in the states of California, Nevada, Illinois, New York, New Jersey, Massachusetts, Washington, Texas and Maryland.

This foundation accepts Letters of Intent on an ongoing basis via mail at the address below. Invitations to apply for funding are issued based on quarterly review of these letters. Application guidelines are available at the foundation’s website.

Cathay Bank Foundation

9650 Flair Drive

El Monte, CA 91731

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