Grants for credit unions

Name: Top 19 grants made to credit unions
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

65 credit unions received at least $7.9 million in grants for the most recent fiscal year. This includes 19 grants made from 19 grantmaking organizations, with a median grant amount of $2,500. Of these 19 foundations, 100% made just a single grant to credit unions, and 0% made grants to four or more credit unions. This analysis is based on grantmakers that e-file their Form 990s, and likely is an undercount of grants.

$7,884,626

Total grant dollars given to credit unions

Number of grants made annually to credit unions

Number of grantmakers funding credit unions

$2,500

Median grant size to credit unions

Foundations that support credit unions

Out of all grants made to credit unions, 63% came from small foundations with less than $10 million in assets. The top 10 grantmakers accounted for 99% of the dollar-value of grants to credit unions. Foundations funding credit unions also made grants to scholarship organizations, colleges, foreign exchanges, alumni associations, and adult education centers.

Foundation size

Foundation size	Number of grantmakers
Small	12
Medium	4
Large	3

Small foundations have <$10M in assets. Medium foundations have $10M to $50M in assets. Large foundations have >$50M in assets.

Foundation type

Foundation type	Number of grantmakers
Community	1
Private	13
Corporate	2
Other	3

Grants made

Grants made to credit unions	Number of grantmakers
1	19
2-3	0
4-10	0
11+	0

Top 10 foundations supporting credit unions

Grantmaker	State	Geographic focus	Percent of grant dollars to credit unions	Number of grants made to credit unions	Median grant size
Center for Community Self-Help	NC	Metro	14.4%	1	$7,839,803
Samuel H and Maria Miller Foundation	OH	Metro	0.1%	1	$5,000
M K Brown Foundation	TX	State	1.7%	1	$5,000
Ohio Credit Union Foundation	OH	State	7.2%	1	$5,000
Ih Mississippi Valley Credit Union	IL	Metro	6.0%	1	$5,000
Community Foundation of Dunn County	WI	Metro	1.1%	1	$5,000
The Conover Foundation	KY	State	2.2%	1	$4,000
Anton B Burg Foundation	CA	Metro	2.0%	1	$3,500
Dollar Bank Foundation	PA	Regional	0.3%	1	$3,500
Snell Charitable Foundation	TX	State	1.6%	1	$2,500

See all grantmaking to credit unions

Credit unions grantees

Credit unions with more than $5 million in total revenues received 99% of all grant dollars. These larger organizations accounted for 25% of all credit unions.

Grant amounts

Size of grant	Number of grants
<$10k	18
$10k-$25k	0
$25k-$100k	0
$100k+	1

Grant amount by grantee size

Grantee annual revenue	Median grant size
<$100k	$1,000
$100k-$500k	$2,250
$500k-$1M	$1,260
$1M-$5M	n/a
>$5M	$5,000

Grantee states

State of grantee	Number of grants
Ohio	5
Texas	4
Pennsylvania	2
Wisconsin	1
Other	7

Grantee metros

Metro area of grantee	Number of grants
Wichita Falls	4
Cleveland, OH	4
New York City	2
Providence	1
Other	8

Top 25 grants made to credit unions

Grantee	Grant size	Purpose	Grantmaker
Self-Help Credit Union	$7,839,803	Highest Balance in 2019	Center for Community Self-Help
Hebrew Free Loan Association / Hebrew Gemilath Chasodim Association	$5,000	General	Samuel H and Maria Miller Foundation
Midwestern State University Credit Union	$5,000	Scholarship	M K Brown Foundation
1307 Day Air Credit Union	$5,000	Disaster Relief Grant for Credit Union Members Affected By Tornados on May 27,2019 in Dayton, Oh, and Surrounding Areas	Ohio Credit Union Foundation
Illinois Credit Union Foundation	$5,000	Corporate Donation	Ih Mississippi Valley Credit Union
WESTconsin Credit Union	$5,000	General Support	Community Foundation of Dunn County
Kappa Kappa Kappa / Edinburgh Delta Sigma Chapter	$4,000	Charitable	The Conover Foundation
Usc Credit Union	$3,500	Lecture Series	Anton B Burg Foundation
Hebrew Free Loan Association / Hebrew Gemilath Chasodim Association	$3,500	Assistance for Social Services	Dollar Bank Foundation
Midwestern State University Credit Union	$2,500	To Further the Exempt Purpose of the Entity	Snell Charitable Foundation
Midwestern State University Credit Union	$2,000	Leadership Scholarship	Lubbock Young Women's Leader Foundation
Hebrew Free Loan Association / Hebrew Gemilath Chasodim Association	$1,260	Assistance To Charity's Cause	Senkfor Family Foundation
Midwestern State University Credit Union	$1,000	Operations	Julia Lee Taubert Foundation
Greater Providence Hebrew Free	$1,000	Charitable Gift	The Naomi and Walter Chucnin Foundation
Hebrew Free Loan Association of Pittsburgh	$500	General Program Support	Fourteen Ten Foundation
Hebrew Free Loan Association / Hebrew Gemilath Chasodim Association	$258	Matching Gifts	Chubb Charitable Foundation
Hebrew Free Loan Society of Greater Philadelphia	$180	Jewish/religious Outreach	Katz Steven J Katz Family Charitable Trust
Yad Yisroel	$100	General Support	The Zev and Susan Munk Family Foundation
Yeshiva and Mesifta Kollel Bais Aharon Zvi of Brid	$25	Charitable	Yakov Chunun Ben Hillel Foundation

See all grants to credit unions

Methodology: To determine grants and grantees, Cause IQ analyzes electronically-filed Form 990, Form 990-EZ, and Form 990-PF financial disclosure documents, matching grantees to specific organizations using EINs and fuzzy matching logic. The "Credit unions" category for this page is determined by the "W60: Financial Institutions, Credit Unions" National Taxonomy of Exempt Entities (NTEE) code. Cause IQ determines NTEEs for organizations by its own internally-developed secret-sauce algorithms.