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Community Ventures is one of 20 finalists in Community Thrives Challenge; 10 to get $1m each


The Community Thrives Challenge, a $10-million funding opportunity by The Rockefeller Foundation and the Chan Zuckerberg Initiative, announced 20 finalists and 63 semi-finalists from across the country and Community Ventures was selected as one of the 20. 

Later this year, up to ten of the finalists will be named grantees, receiving $1 million grants and tailored technical assistance.
 
“Community Ventures is proud to be a part of an initiative that hopes to lift up and scale successful community-driven approaches to expanding economic opportunity for financially insecure people and communities across the country,” states Kevin Smith, President & CEO of Community Ventures. 

Finalist project is to create an economically vibrant West Louisville.
 
 

Over the course of two months, the Communities Thrive Challenge received an incredible 1,826 applications that spanned all 50 states, D.C., and 4 of 5 U.S. territories. To ensure that community leaders had a voice in the decision making, all valid applications were reviewed and scored by five other applicants in a peer review process. 

Following the peer review process, over 80 were chosen for evaluation by a panel of experts from academia, policy, business, philanthropy, and community development. Informed by expert and peer review, 20 finalists were selected for the final round.
 
Applications were evaluated based on four main criteria: impact: does the approach improve the lives of the communities where it works; the potential for scale: could this approach be effective at a larger scale or become a model for others; community-based/informed: how deeply the organization is embedded within the community it serves; and leadership; the organizations are led by individuals with a strong history in and commitment to their field and who represent the communities served.
 
For the final round, teams from The Rockefeller Foundation and the Chan Zuckerberg Initiative will visit each of the 20 finalists in their communities to learn more about their work and visions for the future. The Rockefeller Foundation and the Chan Zuckerberg Initiative will then select the final grantees by the end of the year.
 
For more information on Community Ventures, visit www.CVKY.org

From Community Ventures
 


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