Application Guidelines

The following are guidelines for submitting the information required to apply for a 2008 $25,000 Wachovia NEXT Award. As noted above, only online applications will be accepted.

1. Application Information

An online questionnaire will prompt applying organizations to enter the category they are submitting a application for (Advocacy, Community Impact, Financing or Innovation); the legal name and headquarters address of the applicant; the name, phone, fax and email address of a contact person from the applicant organization; and, if applicable, copy(ies) of 501(c)(3) and 509(a) determination letter(s) from the U.S. Internal Revenue Service regarding the applicant organization's charitable purpose and tax-exempt status.

Applicants will need to certify that they are currently in compliance with all financial covenants, reporting requirements, and performance obligations stipulated by private, public, and philanthropic providers of capital and grants

IMPORTANT NOTE: An organization does not have to be a member of the Opportunity Finance Network to be eligible to apply.

An organization that is tax exempt under Section 501(c)(3) of the Internal Revenue Service code does not have to be certified by the U.S. CDFI Fund.

An organization that does not have tax exempt status under Section 501(c)(3) must be certified by the U.S. CDFI Fund, but that alone does not automatically guarantee eligibility. Additional documentation may be needed to determine whether the activities that would be supported by the Wachovia NEXT Award comply with relevant government rules and regulations for charitable giving and the policies of The Wachovia Foundation and the MacArthur Foundation. We will contact you to request additional documentation that may be needed based on a review of your specific case.

2. Statement of Excellence

Applying organizations will be asked to upload a statement (maximum 1,000 words) explaining the ways in which the applicant has defined excellence in the selected category within the last two years. The statement should address the selection criteria for the appropriate category and, to the extent possible, the special consideration items applicable to all categories. The statement must be submitted in a Word document.

3. Most Recent Audited Financial Statement

An applicant must upload their most recently completed audited financial statement.

Note: Application Guidelines are subject to change without notice. Check back regularly for the most current guidelines.