New women’s nonprofit names $100,000 grant finalists

Impact100 will vote on winners in June

A new local chapter of a national women’s nonprofit called Impact100 has announced five finalists for two competitive $100,000 grants it will give out in June.

The finalists were selected from a pool of 94 applicants from Milwaukee, Ozaukee, Washington and Waukesha counties. The three that are not selected for the two $100,000 grants will each receive $6,000 grants.

Impact100’s Milwaukee branch was founded in October and has grown rapidly during its first seven months. It’s 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.

Because more than 200 women joined the organization by January, the Milwaukee chapter upped its initial giving promise of $100,000 by establishing a second competitive $100,000 grant.

“In this our first year, we were blown away by the number of high-quality applications we received from nonprofit organizations throughout the Milwaukee area,” said Anne Trunzo, Impact100 co-president. “We received more than 90 applications from local nonprofits, and these finalists were selected after a thorough and thoughtful review by our members. Each is undertaking critical work in our community and we are so pleased that we can help highlight such exceptional organizations.”

Here are the five finalists:

Impact100 Greater Milwaukee’s 218 members will hear from the finalists and vote on which two nonprofits will get the grants at its first annual awards celebration on June 8 at Boerner Botanical Gardens.

Nonprofits interested in participating in the organization’s 2017 grant process will be able to submit letters of inquiry beginning Dec. 1.

Ben Stanley, former BizTimes Milwaukee reporter.

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