CFVI Offers Grants through Popular VI Community Fund

Organizations may apply for up to $10,000 to support program-related costs

APPLICATIONS DUE OCTOBER 31, 2023

U.S. Virgin Islands, October 19, 2023 — The Community Foundation of the Virgin Islands (CFVI) is pleased to invite applications for the 2023 Popular VI Community Fund grants. Nonprofit organizations may apply for up to $10,000 to support program-related costs.

In partnership with CFVI, Popular Inc. established the Popular VI Community Fund at CFVI with an initial donation of $100,000 in 2022. The initiative focuses on the well-being of the communities Popular serves in St. Thomas, St. Croix, St. John, Water Island, and Tortola.

"The purpose of the fund is to support the philanthropic interests of Popular and its employees in the U.S. and British Virgin Islands, specifically to enhance services from nonprofit organizations that are focused on youth education and economic empowerment, such as vocational training and employment support, or environmental projects," said Oran Roebuck, Senior Vice President and Division Manager of Popular’s Virgin Islands Region.

CFVI and Popular are committed to equitable grantmaking and will consider geographic diversity and the importance of reaching underserved communities in their funding decisions. For more information about eligibility, evaluation criteria, and to submit an application, visit cfvi.net. The deadline for submissions is October 31, 2023. 

Applicants with additional questions are encouraged to contact Beth Nuttall, Director of Grants and Programs, at bethn@cfvi.net. 

“The Popular VI Community Fund is a model program for others to follow, and one we hope will inspire other USVI companies to explore the idea of opening their own field of interest funds at CFVI that will ultimately benefit the territory in perpetuity,” said CFVI President, Dee Baecher-Brown.

The field-of-interest fund, explains Baecher-Brown, is flexible and provides a wide range of options for an organization.

"A company can identify an area or areas of interest and CFVI will manage the rest," she said. "And thanks to CFVI’s generous network of Angel donors, there are no fees charged for administering the fund."

Organizations interested in learning more about establishing a fund at CFVI can email Sonia Barnes-Moorhead, Vice President of Development and Capacity Building, at soniabm@cfvi.net.

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About Popular

Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.

About the Community Foundation of the Virgin Islands

Since 1990, the Community Foundation of the Virgin Islands (CFVI) has been a catalyst for positive change in the Territory through initiatives committed to youth, learning, family support and the environment. With a professional staff and a volunteer Board of Directors composed of community leaders, CFVI is a trusted advocate and supporter of programs that ensure opportunity and sustainability for current and future generations. CFVI is a registered non-profit organization entirely supported by individual donors, grants, trusts, corporate donations and estate planning. For more information, visit cfvi.net.