The third Inspire Awards, a capacity-building grant program for nonprofits sponsored by the Truist Foundation, has launched. The competition this year aims to improve resources for adults seeking reskilling, upskilling and career transitions to uplift themselves and their families.

The Inspire Awards Challenge is hosted in collaboration with Solve, an initiative of the Massachusetts Institute of Technology (MIT), with a mission is to find and scale innovative solutions to global problems. From now until Jan. 8, 2025, qualifying nonprofits can submit applications through MIT Solve that answer the question: How are nonprofits providing innovative solutions for reskilling, upskilling, and career navigation needs of adults who are in the middle or late stages of their careers?

“Workers who are later in their careers face unique challenges and lack the support that recent college graduates often receive — particularly those who are unemployed or underemployed,” said Lynette Bell, president of Truist Foundation. “Through our ongoing collaboration with MIT Solve, we look forward to amplifying the deep expertise of the nonprofit community to help empower workers, ultimately, fostering economic mobility and inspiring personal growth.”

The finalists will be invited to a live pitch event and ceremony where they will showcase their solutions. The first-place nonprofit will receive a $250,000 grant to help actualize their project, while a $150,000 grant goes to second place, a $25,000 grant is given to each of the runner-up teams. The audience favorite award earns one finalist an additional $75,000 regardless of its status as a runner-up, first-place, or second-place award winner. Finalists are also invited to a two-day Truist Leadership Institute Retreat and the annual flagship Solve at MIT event, held in May each year.

More than 100 nonprofits submitted solutions addressing how innovative technology could support undercapitalized entrepreneurs during the 2024 competition. Centro Community Partners was selected the top recipient of the second Inspire Awards. The $250,000 grant is helping provide an AI-generated journey through a virtual hub of resources for low- to moderate-income entrepreneurs.

To learn more or apply, click here

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Source From Non Profit Times