At the end of 2022, Texas Capital announced its newest philanthropic endeavor: the Texas Capital Foundation. Giving back has always been a part of Texas Capital’s DNA, and by launching this new entity, the bank has continued to grow and elevate its service to under-resourced communities in Texas.
“We believe that true community transformation begins with intentionality and purpose,” said Effie Dennison, Executive Vice President, Head of Community Development and Corporate Responsibility. “Just as Texas Capital continues to grow, so do the needs of our communities. This is an exciting opportunity for us to build upon our foundation of giving.”
Texas Capital’s Foundation exists to help remove barriers that stand in the way of communities becoming healthy, resilient and prosperous, and it tackles that audacious goal through three pillars, Live, Learn, and Lift. In 2023, the foundation gave its inaugural Honors Grants under these pillars with the addition of the STAR grant, which stands for Serving our Troops, Active and Remembered.
In 2024, the foundation will issue its second annual Honors Grants. The application will be open from November 1, 2023–January 2, 2024. The annual Texas Capital Foundation Honors Grants will be a competitive grant application process, resulting in four grants. Live, Learn, and Lift grants will be $50,000 each, and the STAR grant will be $100,000. The foundation aims to fund small to mid-sized organizations that are creating and implementing innovative, sustainable solutions to serve the greatest needs of communities.
Texas Capital Foundation takes a place-based approach to grantmaking, focusing on nonprofit organizations that operate within the under-resourced areas within our footprint.
The Live grant will go toward access to nutritious food. The focus of this grant is innovative, sustainable access to fresh food for food-insecure populations. Many under-resourced communities are also food deserts: without convenient, consistent access to fresh, nutritious food. Texas Capital Foundation is looking for programs that offer creative solutions to provide access to food where it is otherwise lacking.
The Learn grant will be for career readiness programs, focusing specifically on middle-skills certifications. One of the greatest workforce needs facing our nation is skilled tradespeople, and there is a gap in access and awareness to these opportunities. Texas Capital Foundation will fund a program that offers training and certifications in “middle skills,” giving individuals opportunities to obtain well-paying skilled jobs with growth potential.
The Lift grant will go toward supportive services for women and children. Women, and especially single mother heads of households, are the face of poverty in Texas. One in three women face domestic violence, and over two million women and girls experience poverty in Texas. Through this grant, Texas Capital Foundation aims to help our most vulnerable women and girls find stability through support services and housing.
The STAR grant goes toward support services for military and veteran families. Texas is home to more veterans than any other state, and as a Texas-based financial services firm, Texas Capital is invested in our military families’ wellbeing. The STAR grant, the only $100,000 grant, will go to an organization serving the specific needs of our military and veteran population.
To learn more about eligibility criteria and guidelines, nonprofits are encouraged to visit the Texas Capital Foundation webpage.
“Texas Capital takes a holistic approach to serving our communities through strategic philanthropy and engagement,” said President and CEO Rob C. Holmes. “Giving back has always been part of our DNA, and with the establishment of the Texas Capital Foundation, we are excited to grow our service to nonprofits focused on helping our fellow Texans.”
Questions about guidelines and eligibility can be directed to [email protected].
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