The UW Credit Union Fund for Racial Equity The UW Credit Union Fund for Racial Equity

Developed in partnership with United Way of Dane County and United Way of Greater Milwaukee and Waukesha County, the UW Credit Union Fund for Racial Equity is a $1.5 million investment in organizations that remove barriers for people of color by creating financial stability and closing the education achievement gap. This Fund has also earmarked $250,000 for emergency funds to meet immediate needs of racial equity initiatives, including COVID-19 relief for underserved communities.

While well intended, traditional funding models often reward well-resourced organizations that can spend ample time on funding applications. The UW Credit Union Fund for Racial Equity seeks to overcome that dynamic through a simplified, equitable process that makes funding more attainable – while also ensuring funds are directed to organizations poised to make the greatest impact.

In addition, many giving models rely on the donor to make all funding decisions. This dynamic is just one of many factors that has led to a philanthropic disparity between White-led nonprofits and charitable organizations and those led by BIPOC.

The UW Credit Union Fund for Racial Equity relies on the guidance of a Community Advisory Committee comprised of community members and representative UW Credit Union employees. We believe a diverse committee of decision-makers will create more equitable funding outcomes.

UW Credit Union has longstanding relationships with United Way of Dane County and United Way of Greater Milwaukee and Waukesha County. Both organizations have acute understanding of community needs that our Fund will help address, as well as extensive knowledge we relied on while shaping the structure of the Fund.

In addition, each United Way has important infrastructure already in place to facilitate Fund applications and disbursements. Because of this, all Fund applications from organizations that primarily serve the greater Madison area will be submitted to United Way of Dane County, and all applications from organizations that primarily serve the Milwaukee area will be submitted to United Way of Greater Milwaukee and Waukesha County.

Our goal is to make the application process simple. Applicant organizations must support Dane*, Milwaukee*, Waukesha*, Ozaukee and/or Washington counties. Applicants are not limited to United Way agencies. Addressing racial inequity must be the primary focus of the organization and support at least one of the below needs:

1. Economic Mobility and Financial Stability
   Qualifying organizations support upstream interventions that improve the financial wellbeing of people, specifically BIPOC communities that have been historically excluded by traditional financial institutions. This includes and encourages capacity-building grants.
   
   
2. Access to Educational Opportunity
   Qualifying organizations seek to improve educational outcomes for students of color and close the achievement gap. Programming supports the success of BIPOC students by removing barriers to education at all levels, including higher education and vocational training programs that lead to self and/or family-sustaining work. This includes and encourages capacity building grants.
   
   
3. Emergency Funds
   Qualifying organizations exist to meet immediate and emergent needs that support racial equity/address disparities, including but not limited to immediate COVID-19 relief for BIPOC communities. This includes and encourages capacity-building grants.

Organizations must primarily serve BIPOC communities, with a preference to organizations that support Black and Brown communities. In light of how the pandemic has disproportionally impacted communities of color, this guideline enables us to direct support where it is needed most right now.

For the purposes of this grant and the General Fund applications:

• Access to educational opportunity is an effort to invest in programs that address the achievement gap and improve educational outcomes for Black, Indigenous and students of color. This includes a focus on interventions that support the success and completion of a high school diploma or GED and accessing and succeeding in higher education or vocational training programs that leads to self- and/or family-sustaining work.
• Economic mobility and financial stability is an effort to support upstream interventions that improve the financial wellbeing of people and promote the financial capability of communities of color, which have been historically excluded by traditional financials. Per United Way Worldwide, in order for people to achieve financial stability and subsequently improve their socio-economic status, they need the education and skills to get a well-paying job with the possibility for promotion; access to affordable financial products; and the knowledge, skills and supports to make choices that help them achieve their financial goals.

The application process begins with a brief quiz to determine eligibility. From there, organizations can select one of the below needs.

• COVID Response and Recovery Emergency Funds
  Demand for emergency funds has spiked during the pandemic. Consequently, organizations that provide emergency relief are seeing their resources quickly exhausted, leaving vulnerable communities at risk of eviction, food insecurity and more. The UW Credit Union Fund for Racial Equity seeks to bridge this gap with the COVID Response and Recovery Emergency Funds option, which can be quickly processed for immediate grants up to $10,000.
  
  
• Grant Application
  Organizations that don’t fall under t­­­he above category, and/or organizations that seek more than $10,000, can apply for a Racial Equity Grant. These applications will require a written proposal. Once submitted, applications will be evaluated by the Community Advisory Committee. If an application is approved, United Way will disburse the funds. Grant sizes are unique to the specified needs and intended action plan of the applying organization. 
  
  

Our partners at United Way will receive all applications and deliver them to the Community Advisory Committee. The Committee will review and make funding recommendations to UW Credit Union. Once UW Credit Union signs off on funding decisions, United Way will disburse funds.

The application opens on March 17, 2021.

While the evaluation process differs slightly between United Way of Dane County and United Way of Greater Milwaukee and Waukesha Counties, the structure is similar. All applications will be reviewed, scored and discussed by a Community Advisory Committee. The group will make final funding decisions while prioritizing the following criteria:

• That the initiative/program was created and designed to promote racial equity
• That the initiative/program’s work addresses barriers and/or creates access for people of color related to success in education and financial stability
• That the organization prioritizes initiatives that serves majority people of color
• That the organization prioritizes efforts created and led by people of color

The timeline for United Way of Dane County’s UW Credit Union Fund for Racial Equity is:

The timeline for United Way of Greater Milwaukee and Waukesha County’s UW Credit Union Fund for Racial Equity is:

There are two different buckets of funding:

• Emergency Funds: grants to individual organizations
• General Funds: grants to either individual organizations or a collaborative of multiple organizations. 

Each organization can submit up to three applications maximum: 1 Emergency Grant, 1 General Fund – Individual Application, and/or 1 General Fund – Collaborative Application. A nonprofit serving as a fiscal agent for other organization(s) that are applying for funds can also submit up to three requests for funding for their own organization regardless of how many separate applications they may also be supporting as the fiscal agent.

The funds granted from both buckets of funding are unrestricted and can be used to support the funded initiative however the recipient best sees fit to support the success of their program.

Emergency Funds

Organizations that apply for the Emergency Fund with United Way of Greater Milwaukee and Waukesha County can receive a one-time gift of up to $10,000. Thanks to a generous contribution from United Way Dane County, organizations that apply for the Emergency Fund with UWDC are eligible to receive a one-time gift of up to $20,000.

General Fund

The general fund awards grants for up to two years, with an annual maximum of up to $25,000 per organization, for a total of up to $50,000 over two years. Organizations are also welcome to collaborate in a joint proposal to apply for a greater amount. Collaborative applications (of at least three organizations) can receive up to $100,000 per year, for a total of up to $200,000 over two years.

As a part of our partnership, United Way is assembling a Community Advisory Committee comprised of community members and representative UW Credit Union employees.

It is important to develop a common vocabulary and shared language to avoid misunderstandings when discussing identity-based terminology. Words matter. But words are also limiting and often carry different meanings to different people, based on their experiences.

For the purposes of this Fund, we intend to strike a balance between the recognition that language is limiting and the importance to be explicit and direct. So while no words can adequately resonate with every person and reflect the racial and intersecting identities of every person that this Fund seeks to support, we worked with our community partners to do our best to identify the language that resonates most with people in Dane County and Greater Milwaukee region.  

The goal of this Fund is to directly address racial disparities and promote racial equity in our communities. This means we intend for the grants from this Fund to support initiatives in Dane County and Greater Milwaukee and Waukesha Counties to be led by and to address racial disparities experienced by people who do not have the same privileges and power as white people. Simply put, this Fund seeks to address racial disparities for people who identify as a race other than “white.” 

The term most utilized in the Milwaukee community when working to promote racial equity is “Black and Brown.” In Dane County, we are using the term “Black, Indigenous, and Communities of Color” to reflect populations that have not had the same historical and current advantages and privileges as white people. While it is important to explicitly name Black and Indigenous community members, as these groups are disproportionately experiencing racial disparities, we know the terms “Black” and “Indigenous” do not resonate with every person who identifies with the groups they seek to describe.