Our Grant Focus

The Cathay Bank Foundation will consider grants in the following areas:


Community & Economic Development

»   Programs to preserve, rehabilitate and construct affordable housing in low- and moderate-income (LMI) areas;
» Organizations that provide home-buyer counseling to families in the LMI communities;
» Programs that support small business development, commercial revitalization and job creation;
» Programs tailored to assist LMI individuals in development of work and life skills, with a specific emphasis on work-entry programs, skills training and employment retention;
» Services catered to seniors, workforce development, and individuals with disabilities.


Education

»     Innovative programs that offer assistance to LMI youths to excel in school and prepare for higher education;
» Financial literacy programs for youth and adults in LMI communities;
» Effective mentoring programs for at-risk youths;
» Student scholarship programs focused on finance-related studies;
» Literacy, math, parent engagement efforts and English as a Second Language (ESL) programs;
» Entrepreneurship education programs for underserved youth.


Civic & Community

»   Civic organizations that focus on development of neighborhoods and raising awareness of social issues;
» Voter registration and education, community organizing and leadership development.


Health & Welfare

»   Homeless, crisis shelters and battered women shelters;
» Programs that provide services to children and families at risk;
» Soup kitchens;
» Health prevention and education targeted to conditions such as diabetes, obesity, asthma; insurance enrollment of uninsured children and adults; mental health services; and fitness and nutrition.


Eligibility Criteria

The Foundation will place a strong emphasis on nonprofit organizations that are results-oriented and market-savvy. The organization’s programs and services must:

» Target the low- and moderate-income population;
» Display leadership and vision in the community;
» Provide tangible benefits to the communities they serve;
» Have an effective system to measure and report results with a demonstrated track record;
» Have established strategic alliances with the community to face expected challenges;
» Have 501c(3) tax-exempt status from the IRS;
» Be equal opportunity employers;
» Display fiscal and administrative stability.


Ineligible Organizations

The Cathay Bank Foundation cannot support the following:

»   Organizations without 501c(3) status
» Organizations/programs that are not aligned with the Foundation’s mission;
» Organizations that are located or benefit outside Cathay Bank’s communities;
» Private foundations;
» Organizations with missions to influence or participate in political campaigns on behalf of or against a candidate or initiative;
» Veterans and/or military organizations;
» Organizations that channel grant funds to third parties;
» Service club activities;
» Operating funds for hospitals or other patient care facilities;
» Funding of travel and related expenses for any organization.