Huntsville Utilities Innovation Dividend Fund 2024

The Huntsville Utilities Innovation Dividend Fund, created from ancillary revenues, not customer rate payer money, aims to positively impact its service area by offering grants to qualified, nonprofit organizations that contribute to the public good. Huntsville Utilities, while a not-for-profit municipal utility providing essential services, also seeks to enhance the quality of life and economic health within the communities it serves. This fund aligns with their broader mission to build community and improve daily life for residents. The program targets nonprofit organizations, schools, religious institutions, and government agencies located in the Huntsville/Madison County area that serve a public purpose. The grants are intended to support charitable, scientific, literary, or educational initiatives. The impact goals are focused on addressing critical community needs and fostering overall well-being and economic health within Huntsville and Madison County. The grant program prioritizes initiatives that align with Huntsville Utilities’ values, which include doing what's right, building community, and continuous improvement. Key focus areas for funding include Disaster Relief (preparation for or mitigation of disaster situations), Education (STEM or other educational enhancements), and Housing, Health, and Wellness (critical needs and physical and mental health). Projects considered for funding should be unique, have clear and measurable outcomes, strategically address one of the stated focus areas, and demonstrate a commitment to diversity. The fund supports both new and existing programs, covering eligible expenses such as program costs, reasonable staff and volunteer time and training, capital expenses, and professional development. This strategic approach ensures that the grants lead to tangible and beneficial results within the community, reflecting the fund's theory of change which posits that investing in these key areas will lead to a stronger, healthier, and more resilient Huntsville/Madison County.