Impact100 Greater Milwaukee, a new nonprofit that focuses on collective giving by a group of women, has increased its initial giving promise to two $100,000 nonprofit grants.
The organization, founded in October, is a local chapter of a national nonprofit in which 100 members each donate $1,100 to earn a vote in which nonprofit receives the total pool of funds. $1,000 of each donation goes toward the grant, and the other $100 helps support the operations of the nonprofit.
The Milwaukee chapter, led by co-presidents Anne Trunzo and Cynthia Harris, originally planned to give one $100,000 grant to a local nonprofit through a competitive application process. But it has surpassed its initial membership goal, and now has more than 200 members. It will give a $100,000 grant to two nonprofits, with small merit grants going to three other finalists.
The board of directors will narrow the grant applications to five finalists in five areas: arts and culture; education; environment; family; and health and wellness. At a meeting in June, members will vote on the winning organizations.
