Aegon Transamerica Foundation: Grants for Higher Education

OVERVIEW: The Aegon Transamerica Foundation tends to award grants s to support general operating costs rather than specific projects.

IP TAKE: This foundation limits its grantmaking to organizations located in Atlanta, Georgia; Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado; Exton, Pennsylvania; Litter Rock, Arkansas; Louisville, Kentucky; Plano, Texas and St. Petersburg, Florida.

PROFILE: Based in Cedar Rapids, Iowa, the Aegon Transamerica Foundation was founded in 1994. It is the philanthropic arm of the financial services company Aegon Transamerica, often simply referred to as Transamerica. The foundation is “[c]omitted to improving the wellness,” of the communities in which it has an operational and employee presence. The foundation supports organizations that work in the fields of education, health and community well-being. Grantmaking programs include arts and culture, civic and community, education and financial literacy, health and wellness and human services.

Aegon Transamerica’s education and financial literacy program invests in organizations that “[p]rovide and promote education and personal development opportunities, especially in the areas of financial literacy.” Although the foundation does not have a grantmaking program specifically dedicated to higher education institutions, its tax filings indicate a funding interest in this space, particularly through financial literacy programs.

Foundation grant amounts can go as high as $150,000; however, most grants range somewhere between $10,000 and $50,000. Past higher education grantees include Iowa State University and Willamette University.

The Aegon Transamerica Foundation accepts unsolicited grant applications and requests for funding from organization working within one of its areas of focus and “[g]eographically tied to one of Transamerica’s main locations.”

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