Vector Wealth Strategies Community Impact Fund

Vector Wealth Strategies, through a philanthropic partnership with the Community Foundation of Greater Huntsville, offers the Vector Wealth Strategies Community Impact Fund to support nonprofits located in the Greater Huntsville area. Established in 2015, this fund reflects Vector’s mission to invest 10% of its annual profits back into the local community. The fund focuses on initiatives that align with Vector’s values and vision of community impact through direct investment and involvement. This funding opportunity is privately sourced and aims to provide financial support to organizations addressing pressing community issues in disaster relief, education, health services, and human services. The purpose of the grant is to support charitable programs that bring about systemic change and enhance the well-being of residents in Jackson, Limestone, Madison, Marshall, and Morgan Counties in Alabama. Applications are evaluated based on their potential to create impact, inspire community engagement through volunteerism, demonstrate sufficient organizational capacity, and present a feasible and well-documented schedule and budget. Grants typically range between $2,500 and $10,000, and may cover operational expenses, staff or volunteer training, and both new and existing programs. However, funding cannot be used for debt reduction, capital campaigns, political activity, endowment campaigns, or fundraising events. Eligible applicants include 501(c)(3) public charities, as well as local schools, religious institutions, or government agencies, provided the funds are used for public purposes within the designated counties. Organizations may only apply every other year due to a restriction that requires a waiting period of three funding cycles between grants. All funded projects must be aligned with one or more of the four focus areas and take place within the geographic area served. The application process is conducted through an online portal and includes a comprehensive questionnaire covering organizational capacity, project details, intended impact, promotion of volunteerism, outcome measurement, and budget. Applicants may also upload a volunteer testimonial and supplementary documentation. The application for the Fall 2025 cycle is due by 5:00 p.m. CDT on Wednesday, April 30, 2025. Since the grant operates on a biannual cycle, applications are also typically due on the last business day of September, and those dates recur each year. The Vector Wealth Strategies Grants Committee evaluates each submission. Grantees are required to sign a Grant Agreement and submit follow-up reports detailing the use of funds and outcomes achieved. For inquiries or eligibility verification, applicants may contact Ann Kvach at ann@givehsv.org or call 256.489.3525. A detailed application walkthrough is accessible via the Community Foundation’s online portal, and all applicants are encouraged to thoroughly review requirements before submission.