How We Make a Grant
Once you donate, you become a member of 100 Women Albuquerque. Our members suggest and vote on the nonprofit agencies that we grant money to. Each quarter five nonprofits are emailed out to the membership. They have three weeks to review and make their selection. The nonprofit with the majority of votes receives the funding.
We keep a list of suggested nonprofits submitted from our members and all nonprofits are vetted. To be considered for funding, each nonprofit must meet the following basic criteria highlighted below.
Nonprofit Eligibility for Funding
1. Be a nonprofit organization exempt from Federal Income Taxes under section 501(c)3 of the Internal Revenue Code or have a fiscal agent that is one.
2. Have a proven track record of benefiting people within Bernalillo County.
3. Does not discriminate when providing and offering services
4. Total annual income brought in is under $500,000 (exceptions are made on a case by case basis).
5. Grants are not made for political or religious purposes or to influence legislation or elections.
The Richard M. Schulze Family Foundation invited 100 Women Albuquerque to apply for matching grant dollars each quarter, up to $5,000. Richard Schulze, Best Buy’s founder, has identified the 100 Women structure as a great way to partner with local philanthropists. The foundation works with over 140 ‘100 Women’ giving circles and has provided millions in matching funds. This incredible generosity helps us amplify our impact.