OVERVIEW: The United Nations Federal Credit Union Foundation focuses on reducing poverty in developing countries by supporting global healthcare, development, and empowerment programs and projects.
IP TAKE: This foundation supports grassroots groups that can demonstrate measurable goals and impact in their work. Grantseekers should expect some competition from large international NGOs administering projects on behalf of smaller organizations.
PROFILE: Though relatively new to the global development grantmaking, the United Nations Federal Credit Union (UNFCU) Foundation intends to “[r]educe poverty through education and healthcare programs, especially among women and children in developing countries and in New York City.” It was launched in 2015 and is still based in New York. The foundation supports grassroots projects around the world whose work closely aligns with the UN’s post-2015 Development Agenda. It is safe to assume that the foundation will also support the UN’s 17 Sustainable Development Goals (SDGs) in coming years. Though subject to change, the foundation’s global development focuses on eradicating poverty and hunger; empowering women and youth; and access to healthcare and disaster relief.
Although the foundation does not reveal its grantee list in full, UNFCU's disaster relief efforts seem to prioritize man-made, humanitarian, and natural disasters alike. In this regard, the foundation works closely—though not exclusively—with UN agencies.
UNFCU does not impose geographic restrictions on its grantmaking. Since this foundation is relatively new, grant amounts and ranges are difficult to clarify.
While the UNFCU has expressed intent to support grassroots projects around the world, a handful of its inaugural grants have gone to large U.N. agencies such as UNESCO and the UNFPA. However, it appears those funds have been funneled to small projects and partnerships administered by those larger organizations.
The UNFCU Foundation accepts unsolicited grant applications in June of each year for funding requests of $50,000 or less. Selected applicants are notified of their grant eligibility via email in October of that year.
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