The Popular Community Bank Foundation supports registered, non-profit, tax exempt 501(c)3, charitable organizations that:
- Provide opportunities for Popular Community Bank Foundation employees to volunteer in a meaningful way
- Deliver services that will economically empower individuals within our communities
- Represent models in non-traditional learning environments and are directly engaged in providing programs within our communities
- Demonstrate program sustainability
- Are nondiscriminatory in their policies and practices with regards to physical abilities, gender, race, age, sexual orientation, ethnic origin and/or creed
The Foundation invests exclusively in programs of social impact that furnish direct services in Education, Community Development and Financial Literacy, as defined below:
- Education: programs that address academic needs of disadvantaged populations from K to 12. Initiatives under this category may support the development of academic skills through tutoring and or mentoring, Art Education, Special Education, Alternative Education or college access programs.
- Community Development: programs that pursue the strengthening of civil society by prioritizing the actions of communities and their perspectives in the development of social, economic and environmental policy. Community development programs may support infrastructure, economic development projects, installation of public facilities, community centers, housing rehabilitation, public services, clearance/acquisition, microenterprise assistance, code enforcement, homeowner assistance and many other identified needs.
- Financial Literacy: programs that measure how well an individual can understand and use personal finance-related information so the individual develops the ability and confidence to use his/her financial knowledge to make financial decisions.
The Popular Community Bank Foundation will give priority funding to organizations that can demonstrate ongoing sustainability. We will consider repeat grants for up to three consecutive years. However, we may fund at decreasing levels in years two and three of our support to encourage organizations to obtain a diversified funding base. Repeat funding is not guaranteed and organizations requesting repeat grants must re-apply for funding through our grant process each year.
Popular Community Bank Foundation funds may not be used for the following:
- One-time fundraising events or the purchase of tables at events
- Event sponsorships
- Production of any marketing materials
- Capital expenditures (building or land acquisitions)
- Grants to individuals
- Promotion of religious or political causes