Community Giving Through the BBVA Compass Foundation
The BBVA Compass Foundation demonstrates our support to the communities where we have a presence. The Foundation provides charitable grants to qualified nonprofit organizations – a long and proud tradition of the many banks that came together to create the company we are today.
Each community has unique needs and opportunities. We designate the majority of our community giving dollars to addressing these needs. Charitable grants are considered for organizations that meet the criteria described below. At the bottom of this section, you will find information about semi-monthly calls held for nonprofits interested in requesting support from the BBVA Compass Foundation, along with links to begin the application process. We suggest you read this section in its entirety before you begin a request for support.
To be considered for grant funding, organizations must meet the following criteria:
- Have a nonprofit, tax-exempt classification under section 501(c)(3) of the Internal Revenue Code;
- Be located or provide service in BBVA Compass’ markets;
- Have broad community support and address specific community needs;
- Demonstrate fiscal and administrative stability; and
- Align with one or more of the Foundation’s six focus areas:
- Community Development (including Financial Literacy)
- Health and Human Services
- Arts and Culture
- Environment and Natural Resources
- Diversity and Inclusion
The organization should:
- Exhibit significant support (through the contribution
of time or financial resources) from a BBVA Compass
- Target individuals or communities with low- to moderate-income levels;
- Help build inclusive and diverse communities; and
- Foster collaborative efforts that leverage our community investments.
The BBVA Compass Foundation will provide priority consideration to requests that best reflect the focus area targets detailed below.
Community Development (including Financial Literacy)
- Create and sustain affordable housing.
- Delivery of alternative financial services and products to low- to moderate-income (LMI) communities through CDFIs.
- Revitalize low- to moderate-income neighborhoods, facilitate job creation.
- Delivery of financial education and financial literacy to children, adolescents and adults, especially in LMI communities.
- Support entrepreneurship and provide economic development for minority and underserved groups and/or LMI areas.
- Address pressing needs in Pre-K – 12 education through public school-sponsored or facilitated curriculum-based programs.
- Advance Pre-K – 12 student performance through professional development, support and retention of teachers.
- Facilitate merit-based access to higher education for underrepresented groups.
- Support research and special programs at higher education institutions.
Health and Human Services
- Enable and sustain independence for individuals and families.
- Ensure access to health education programs.
- Ensure access to quality health care.
Arts and Culture
- Facilitate access to and participation in cultural experiences for persons with low- to moderate-income levels.
- Ensure the availability of a broad array of artistic opportunities/venues that reflect the diversity of the community.
Environment and Natural Resources
- Enable/sustain access to green technology and sustainable sources of energy to LMI communities.
- Provide support for projects with significant impact on the protection of the environment and sustainable practices.
- Promote public education about the environment and sustainability.
Diversity and Inclusion
- Provide capacity building to organizations serving minority segments, especially targeted at low-income populations.
- Provide for leadership development of underrepresented groups through organizations serving minority segments, especially targeted at low-income populations.
- Promote tolerance and understanding among mainstream and minority populations.
The BBVA Compass Foundation will not make contributions to support certain types of requests. These include, but may not be limited to, the following:
- Sponsorships, events or projects for which BBVA Compass and/or its employees receive tangible benefits or privileges. This includes golf tournaments, tables at events and other fundraising activities that include tickets, meals or other benefits.
- General operating expenses for organizations that already receive substantial support through United Way or other campaigns in which BBVA Compass participates.
- Programs of a national scope that do not specifically benefit communities in our footprint.
- Organizations based outside of the United States.
- Political action committees, political causes or candidates.
- Veteran and fraternal organizations.
- Alumni organizations.
- Religious organizations that are not engaged in a significant project that is nonsectarian and benefits a broad base of the community.
- An organization or project that discriminates on the basis of age, disability, ethnicity, gender, gender identity, national origin, race, religion, sexual orientation, veteran's status, or any other status or other classification protected by federal, state or local law.
- Private foundations.
- Individual pre-college schools – private, parochial, charter or home schools.*
- Individual schools in public school systems (other than through efforts to benefit system-wide programs and initiatives or as a part of a BBVA Compass-sponsored partnership program).*
*BBVA Compass and its employees actively support individual schools through volunteerism and our literacy program called Reading Counts.
The 2013 application cycle is now closed. The 2014 application cycle will open mid-January 2014 and will be accepting applications for 2014 funding support through September 30, 2014.
All nonprofit organizations with 501(c)(3) IRS designations interested in applying for a charitable grant from the BBVA Compass Foundation are invited to join one of the monthly Charitable Contributions Process Conference Calls/Webinar Presentations. We request that you participate in one of these calls before submitting your grant request online. Please refer back to this section of the BBVA Compass Foundation website in early January for a list of the 2014 webinar dates and times.
If you have any questions about the process, please email the Corporate Responsibility and Reputation team at: email@example.com.
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