3-Year iQ Credit Union Award to Help Local Nonprofits
iQ Credit Union, a North West-based financial institution, has launched an annual three-year grant program for local nonprofits through the iQ for Kids Foundation, a nonprofit fund that raises funds for local charities aimed at improving the lives of children.
Three Clark County nonprofits are the first recipients of the three-year grants: Rocksolid Community Teen Center, Assistance League Southwest Washington, and YWCA Clark County.
The grant recipients have all received multiple grants from the iQ for Kids Foundation over the past years. The multi-year grant program is designed to provide additional financial stability while reducing the need for organizations to spend time reapplying for grants. Each recipient will receive $1,500 per year to support multi-year planning efforts.
“iQ is growing, and so are the needs of our communities,” said Trista Carbajal, Executive Assistant and Administrator of iQ for Kids. “We saw an opportunity to support organizations for several years, allowing these programs to rely on funds and have a greater impact by potentially reaching more children in the community.”
iQ Credit Union will award three-year grants to one to three organizations each year, with applications opening January 1.
One-time grants will still be awarded on a quarterly basis, with the iQ for Kids committee meeting in February, May, August and November to make funding decisions. Since its inception in the early 1990s, iQ for Kids has donated over $3 million to local charities. The foundation is funded by donations received from iQ Credit Union employees.
Rocksolid Community Teen Center, a Brush Prairie organization that provides after-school activities for students in grades 5 through 12, will use its three-year grant to support the organization’s fall 2023 Teen Takeover event. The grant will also be used to provide transportation from schools to the association’s teen center throughout the year.
“The three-year iQ grant program allows us to do longer-term planning because we know we can rely on these funds for multiple years,” said Marcy Sprecher, executive director of Rocksolid Teen Center. “This money will support services that are vital for so many children in the area.”
Assistance League Southwest Washington will use its grant to fund several initiatives and programs, including assault survivor kits, school clothing for foster children, and Operation School Bell, a program that provides new clothing and school supplies. literacy to children from 25 schools in the region.
YWCA Clark County uses its grant for its Y’s Care Children’s Program, which provides early education for homeless, transitioning, or low-income children and families.
In addition to three-year grants, iQ for Kids awarded more than $19,000 in one-time grants to 13 nonprofits this year, including six in Southwest Washington: Columbia River High School, TreeSong Nature Awareness and Retreat Center, Battle Ground Kiwanis Club, Mpowered Living Ministries, FIRST Robotics Team 2471, and Dialed Cycling and Triathlon Team.