Women’s Fund of Central Indiana NEXT Initiative

wf_logo-color_bugThe Women’s Fund of Central Indiana, an endowed special interest fund of Central Indiana Community Foundation, provides grants, philanthropic engagement, and education of current and potential donors to benefit the lives of women and girls.

Women’s Fund of Central Indiana has created The NEXT Initiative, a ten-year commitment to help emerging adult women (ages 18-24) move from economic instability to economic stability, to encourage local entrepreneurs to find viable solutions to help these vulnerable young women become strong independent women who are not dependent on the goodwill of other for their success. This is a one-time only opportunity. Anyone interested in applying to be an entrepreneur with NEXT initiative, needs to act now.

To be considered for the project, entrepreneurs should have touched or experienced this community of young adult women in a unique way such as having worked with this population, seen the results of these women not being served, or been a part of the NEXT population at one point in time. Entrepreneurs should be innovative, bold, determined, respected, creative and thoughtful and able to collaborate well in order to build successful solutions and effective ways to measure and evaluate their success. Potential entrepreneurs also need to be willing to spend significant time in Indianapolis developing and implementing solutions, becoming knowledgeable about our community, creating relationships, forming partnerships and ensuring their idea is appropriate for our community.

To apply begin by completing a Statement of Intent and submit beginning September 2, 2014 and December 2, 2014 at 12p EDT. Project proposals should meet the following parameters:

  • Participants will be a clearly identifiable population (within the 18-24 year old female population)
  • An intensive holistic approach for working with the population
  • Measurable outcomes including: women becoming economically secure and prepared for future success
  • Systemic evaluation of the initiative from the start
  • The ability to replicate the project with other populations within this age group.

2-3 entrepreneurs will be selected in the inaugural round. Each will receive a $90,000 annual salary plus full benefits (as an employee of the Central Indiana Community Foundation) for 1-2 years. If a not-for-profit is chosen, a grant will be made in an amount commensurate with the individual awards. Women’s Fund will provide additional funding for expenses, corresponding with the approved budget of the entrepreneur/s. The first stage of this project is an incubator period for selected social services entrepreneurs to begin developing solutions to meet the needs of this population in Central Indiana- Boone, Hamilton, Hancock, Hendricks, Johnson, Marion, Morgan, and Shelby counties. For the selected entrepreneurs, this is a period of 1-2 years spent developing solutions for the NEXT population. Once the solutions are ready to launch, Women’s Fund will fund the solution to the end of ten years.

Timeline:

  • Statements of intent are due September 2, 2014 at noon Eastern Standard Time
  • Notification of decisions in December 2014
  • Full proposals from invited applicants will be due in March 2015
  • Select applicants will be interviewed in Summer 2015
  • Applicants will be notified of decisions in September 2015
  • Chosen entrepreneurs will be expected to begin January 2016

For more information visit the NEXT Initiative page