Timeline
| Application and Guidelines Posted March 1, 2010 |
Application and guidelines posted on the Wachovia Wells Fargo NEXT Awards Web site. |
| Application Period March 1 – April 30, 2010 |
Applications and supporting documents can be uploaded at the Wachovia Wells Fargo NEXT Awards Web site. All applications must be submitted online. Hard copy applications will not be accepted. The cutoff for submitting an application for the 2010 Wachovia Wells Fargo NEXT Awards is 5:00 p.m. Eastern Daylight Time on April 30, 2010. Applications will not be accepted after this deadline. |
| Evaluation Period May 1 – August 19, 2010 |
Applicants are screened for eligibility based on the requirements detailed below. Eligible Applicants are evaluated against the selection criteria for the 2010 Wachovia Wells Fargo NEXT Awards detailed below. These criteria will be used to identify applicants that demonstrate the most extraordinary promise and exciting vision for the potential use of a major investment made by the Wachovia Wells Fargo NEXT Awards. The applicant pool will be narrowed to a group of semi-finalists. All applicants will be notified in June via e-mail as to whether they are semi-finalists. The applicant pool will be further narrowed to a group of four finalists. Organizations selected as finalists will be notified by the end of July 2010. Detailed instructions for the next phase of the selection process will be provided at that time. |
| Selection Committee Meeting August 19, 2010 |
Finalists meet with the Wachovia Wells Fargo NEXT Awards Selection Committee in Chicago on Thursday, August 19, 2010. The Selection Committee includes senior executives from the Wachovia Wells Fargo Foundation and MacArthur Foundation, as well as highly regarded CDFI leaders and experts in banking, social policy, philanthropy, economics, organizational development, and technology. View the Selection Committee. The Selection Committee will determine the awardees. |
| Notification Prior to the Celebration Event |
$5.5 and $2.75 million recipients of the 2010 Wachovia Wells Fargo NEXT Awards will be notified prior to the Celebration Event at the annual Opportunity Finance Network conference in San Francisco, California. The $25,000 recipients of the 2010 Wachovia Wells Fargo NEXT Awards will not be notified prior to the Celebration Event. |
| Celebration Event November 3, 2010 |
All Semi-Finalists, Finalists, and Awardees will be recognized at an evening Celebration Event at the annual Opportunity Finance Network conference in San Francisco, California. |
IMPORTANT NOTE: The $5.5 and $2.75 million recipients of the 2010 Wachovia Wells Fargo NEXT Awards will be notified prior to the Celebration Event.