OVERVIEW: The Citi Foundation’s global development grantmaking includes financial inclusion efforts and those related to increasing economic opportunities for the world’s young people.
IP TAKE: Citi will only extend an application invitation to organizations that have proven track records of success in its areas of grantmaking focus. This makes it difficult for newcomers to gain the foundation’s funding attentions.
PROFILE: The Citi Foundation’s seeks to “[p]romote economic progress and create measurable impact in low-income communities around the world.” The foundation's programmatic areas of focus include giving to youth economic opportunities, building sustainable cities, and financial inclusion.
Citi’s Financial Inclusion program supports organizations that are creating more inclusive global finance systems that offer increased access to financial services and products in low-income populations. Considered a unique approach by the foundation, it recognizes that increasing access to financial services and products is only one aspect of the global financial inclusion equation, and is not a solution in and of itself. Thus, Citi supports efforts that increase positive financial behaviors and strategies that the foundation considers to be “[c]ritical to the economic success of individuals and communities."
The Citi Foundation supports geographically specific financial inclusion work in Asia Pacific, Europe, the Middle East, Africa, and Latin America. It also awards a number of financial inclusion grants to organizations working on a global scale, rather than a specific region of the world. Grant amounts range widely, from $20,000 up to over $1 million; however, most grants fall in the $50,000 to $250,000 range.
To help young people compete more effectively in the modern global job market, Citi also focuses its youth grantmaking on helping youth populations—specifically those ages 16 to 25—obtain the necessary skills education, and training to help increase their employability or to put them on the path to starting their own businesses. Related grants are awarded out of the foundation’s Youth Economic Opportunities program and typically range from around $25,000 to $200,000. Global geographic areas of focus include Asia Pacific, Europe, the Middle East, Africa, and Latin America.
To get a sense of the types of financial inclusion groups Citi funds, where, and at what level, take a look at its Youth Economic Opportunities grants database.
The Citi Foundation does not accept or review unsolicited letters of inquiry.
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