Grants for credit unions

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
19
Number of grants made annually to credit unions
19
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 colleges, scholarship organizations, universities, multiservice human service organizations, and religious organizations.

Foundation size

Foundation sizeNumber 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 typeNumber of grantmakers
Community
 
1
Private
 
13
Corporate
 
2
Other
 
3

Grants made

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

Top 10 foundations supporting credit unions

GrantmakerStateGeographic focusPercent of grant dollars to credit unionsNumber of grants made to credit unionsMedian grant size
Center for Community Self-HelpNCMetro14.4%1$7,839,803
Samuel H and Maria Miller FoundationOHMetro0.1%1$5,000
M K Brown FoundationTXState1.7%1$5,000
Ohio Credit Union FoundationOHState7.2%1$5,000
Ih Mississippi Valley Credit UnionILMetro6.0%1$5,000
Community Foundation of Dunn CountyWIMetro1.1%1$5,000
The Conover FoundationKYState2.2%1$4,000
Anton B Burg FoundationCAMetro2.0%1$3,500
Dollar Bank FoundationPARegional0.3%1$3,500
Snell Charitable FoundationTXState1.6%1$2,500

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 grantNumber of grants
<$10k
 
18
$10k-$25k
 
0
$25k-$100k
 
0
$100k+
 
1

Grant amount by grantee size

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

Grantee states

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

Grantee metros

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

Top 25 grants made to credit unions

GranteeGrant sizePurposeGrantmaker
Self-Help Credit Union$7,839,803Highest Balance in 2019Center for Community Self-Help
Hebrew Free Loan Association / Hebrew Gemilath Chasodim Association$5,000GeneralSamuel H and Maria Miller Foundation
Midwestern State University Credit Union$5,000ScholarshipM K Brown Foundation
1307 Day Air Credit Union$5,000Disaster Relief Grant for Credit Union Members Affected By Tornados on May 27,2019 in Dayton, Oh, and Surrounding AreasOhio Credit Union Foundation
Illinois Credit Union Foundation$5,000Corporate DonationIh Mississippi Valley Credit Union
WESTconsin Credit Union$5,000General SupportCommunity Foundation of Dunn County
Kappa Kappa Kappa / Edinburgh Delta Sigma Chapter$4,000CharitableThe Conover Foundation
Usc Credit Union$3,500Lecture SeriesAnton B Burg Foundation
Hebrew Free Loan Association / Hebrew Gemilath Chasodim Association$3,500Assistance for Social ServicesDollar Bank Foundation
Midwestern State University Credit Union$2,500To Further the Exempt Purpose of the EntitySnell Charitable Foundation
Midwestern State University Credit Union$2,000Leadership ScholarshipLubbock Young Women's Leader Foundation
Hebrew Free Loan Association / Hebrew Gemilath Chasodim Association$1,260Assistance To Charity's CauseSenkfor Family Foundation
Midwestern State University Credit Union$1,000OperationsJulia Lee Taubert Foundation
Greater Providence Hebrew Free$1,000Charitable GiftThe Naomi and Walter Chucnin Foundation
Hebrew Free Loan Association of Pittsburgh$500General Program SupportFourteen Ten Foundation
Hebrew Free Loan Association / Hebrew Gemilath Chasodim Association$258Matching GiftsChubb Charitable Foundation
Hebrew Free Loan Society of Greater Philadelphia$180Jewish/religious OutreachKatz Steven J Katz Family Charitable Trust
Yad Yisroel$100General SupportThe Zev and Susan Munk Family Foundation
Yeshiva and Mesifta Kollel Bais Aharon Zvi of Brid$25CharitableYakov Chunun Ben Hillel Foundation
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.