The Allstate Foundation Awards $2 Million in Economic Opportunity Grants

NORTHBROOK, Illinois, Nov. 7 -- Allstate, a property and casualty insurance company, issued the following news release:

The Allstate Foundation has announced 20 recipients of its second annual open request for proposals. This year, the RFP focus was nonprofits creating Inclusive Economic Opportunity. They were chosen from more than 900 nonprofit organizations that applied. These unrestricted grants support organizations that promote economic inclusion and financial empowerment and create pathways to success for all individuals, especially those from underrepresented communities.

The 20 nonprofits will receive a total of $2M for their work to break down barriers to economic opportunity and create a more inclusive society. In no particular order, the recipients are:

1. Low Income Investment Fund

2. Southern Poverty Law Center Inc

3. Prosperity Now

4. All Square

5. American Indian Oic Inc

6. Atlantic Impact

7. Enterprising Latinas Inc

8. Lumity

9. Say Yes Buffalo Scholarship Inc

10. Restaurant Opportunities Centers Roc United Inc

11. Family Promise of Hawaii

12. Found In Translation Inc

13. Chicago United

14. Chicago Women in Trade

15. North Carolina Employee Ownership Center

16. Anti-Recidivism Coalition

17. New Mexico Immigrant Law Center

18. Refoundry Inc

19. Jobs For the Future

20. Thai Community Development Center

For their time and aligned work, The Foundation is also recognizing an additional 171 nonprofit finalists with $3,000 honorary grants.

"This open request for proposals process has allowed us to recognize exceptional nonprofits in the past. If we had traditional restrictions/guardrails in place, we may not have received grant applications from these teams who are making real change," Courtenay Barton, racial equity program officer at The Allstate Foundation, said. "These incredible organizations will use their expertise and these unrestricted funds to catapult the positive impact they make on individuals and communities."

The Allstate Foundation empowers communities and works toward a society where everyone has the opportunity to thrive. The Foundation's racial equity program is focused on workforce development, specifically working to close the racial opportunity gap for careers with thriving wages. The Foundation invests in:

* Nonprofit organizations helping people overcome barriers and providing opportunities to thriving-wage employment,

* Entrepreneurs advancing equity through innovative workforce development strategies,

* Building greater understanding, momentum and buy-in among employers for promising practices addressing racial equity through workforce opportunity and development programs - which can help drive better business results.

Since 2021, The Allstate Foundation invested an $20 million in nonprofit partnerships focused on advancing racial equity through workforce opportunity and development. This work complements the work of the Allstate Corporation, including a number of commitments made to advance equity, such as: founding member of OneTen, member of the Second Chance Business Coalition, participant in P33 and signing CEO Action for Diversity and Inclusion pledge. To learn more about The Foundation and its partners, visit: https://allstatefoundation.org/.

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Original text here: https://www.allstatenewsroom.com/news/the-20-recipients-were-selected-from-nearly-1000-applicants-for-equity-funds/