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Respond Recover Rebuild Program Related Investment (PRI) Loan Program

Loans to Missouri Nonprofits in Eligible Counties to Mitigate
the Adverse Financial Effects of the Coronavirus Crisis

Agency Type:

Foundation / Corporation

Funding Source:

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Community Foundation of the Ozarks (CFO)

Deadline Date:

01/15/21

Description:

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Loans of up to $50,000 to Missouri nonprofit organizations in eligible counties to mitigate the adverse financial effects of the Coronavirus (COVID-19) crisis. Qualifying nonprofits with a focus on environment and conservation, arts and culture, and animal care and advocacy may apply.

The Community Foundation of the Ozarks understands the unprecedented impact that the pandemic has had on the nonprofit sector. This program focuses on nonprofit agencies with missions that weren’t emphasized in the Foundation's earlier COVID-related grant rounds.

GrantWatch ID#:

GrantWatch ID#: 193881

Estimated Total Program Funding:

$1,250,000

Estimated Size of Grant:

Loan amount: The maximum allowable investment will be 25% of 2019 revenues, with a cap of $50,000, and a minimum of $20,000.

Additional Eligibility Criteria:

Investments are limited to 501(c)3 charitable organizations. Nonprofit eligibility for this program is limited to organizations with missions focused on: Arts and Culture; Conservation and Environment; and Animal Care and Advocacy.

Priority will be given to agencies that have been impacted by the pandemic, but showed financial stability prior to 2020, and have a sustainability plan for continuance after the pandemic.

Eligible investments should be within the 58-county service territory of the CFO and its regional affiliate foundations. (See Grant Coverage Areas below.)

Organizations with less than $100,000 in revenues in 2019 are not eligible.

Pre-Application Information:

Applications are due Jan. 15, 2021, and applicants will be notified by Feb. 5.

Loan terms:
- This is a loan program; the proceeds of the funding source's investment are expected to be repaid in full.
- The maximum allowable investment will be 25% of 2019 revenues, with a cap of $50,000, and a minimum of $20,000.
- The PRI will require an interest rate of 2% annually, paid semi-annually, on the unpaid balance. Principal is required to be repaid in full at maturity.*
- Upon application acceptance, the CFO will make a program-related investment (PRI) in the applicant nonprofit for a period of up to four years. (i.e. Loans provided via this program will have a 4 year loan repayment timeframe.)
- Investments must have a demonstrated and well-defined source of repayment, with an appropriate exit strategy.

*This is a flexible investment, and you can make payments along the way, or repay in total at maturity. Interest payments are required semi-annually

This is an unsecured loan.

In the event that the loan recipient cannot pay the investment back, the CFO will work in every way to come up with a payment plan to help them repay the investment. The CFO expects the investment to be paid in full at maturity, but also knows there could be extenuating circumstances preventing repayment in full at maturity. Should the loan recipient be unable or unwilling to repay the investment, they will be ineligible for any further CFO grants for a period of five years.

How to apply: https://www.cfozarks.org/find-grants-scholarships/take-action-apply-for-pri

For further information about the loan program and for an application preview: https://www.grantinterface.com/Process/Apply?urlkey=cfozarksgrants

FAQs: https://www.cfozarks.org/resources/agency-faq-for-program-related-investments

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

To apply online: https://www.grantinterface.com/Home/Logon?urlkey=cfozarksgrants

For questions, contact Brian Fogle, President and CEO, at (417) 864-6199 or bfogle@cfozarks.org.

For technical questions regarding the application system, contact Krista Moncado, Program Coordinator, at the above telephone number or by email at kmoncado@cfozarks.org.

Mailing address:
CFO
P.O. Box 8960
Springfield, MO 65801
cfo@cfozarks.org

Grant Coverage Areas:

URL for Full Text (RFP):

Geographic Focus:

USA: Missouri

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