Provident Bank Foundation Inc

Location: 250 Madison Ave, Morristown, 07960 NJ

EIN: 04-3739441

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How many hours did the grant application process take?

15 hours

Median

83%

17%

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Important Information

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Top descriptors for this funder

1Difficult to work with1Doesn't "get" nonprofits and issues1Inadvertently exerts negative influence in the field1"Gets" nonprofits and issues1Builds relationships1Friendly

Advice from a Friend

Provident Bank Foundation Inc

Apr 26, 2021

Reviewer 2650 - Grant Applicant - applied in 2020

We applied for a $25,000 grant and received $20,000. The ED of the foundation was new last year, having replaced a longstanding ED who retired. Our interaction with the Foundation has been positive. The new ED told us to let her know if we need anything. We were very excited to receive this grant and are happy to be working with the Foundation. We have never received funding from them before.

Pros

Friendly, Builds relationships, "Gets" nonprofits and issues

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Sep 24, 2020

Grant Applicant - applied in 2018

There is a 2-step process; first an LOI then a full proposal if the LOI is accepted. My experience is that they will fund you if your LOI is accepted, assuming you complete the full proposal as required by the deadline. Take time to get the LOI right.

They used to require a Logic Model but as of 2020 that appears to have gone by the wayside (YEAH).

The application is online with word limits, which are tight but not absolutely dreadful. They do ask a few questions that most don't and I find I have to slice my narrative in unusual ways. They also require their own budget template.

In terms of sustainability, "PBF is interested in continuation strategies that are not contingent solely on the receipt of new external funding." As an organization with practically no earned revenue, I find this question deeply irritating.

While they "advertise" their Major Grant as potentially as high as $25,000, in 2018 we got $10,000 and in 2020 we were invited to apply for $15,000.

They require 3-month, 6-month, and 12-month interim reports and the proposal requires details on what you expect to accomplish in those time frames. Be sure to do the reports in a timely manner. This seems like a lot of work for not a tremendous amount of money.

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Feb 28, 2019 1

Reviewer 1223 - Grant Applicant - applied in 2018

Be aware that this grantmaker requires a lot but provides a little. While they say they offer "Major Grants" of up to $25,000, do not be surprised when you receive $5,000. Their application requirements are onerous (complex LOI, then full proposal with logic model, evaluation plan, outcomes, budgets, publicity plan, etc., etc._ Then if you get the grant, you must provide an interim and final report.

Cons

Inadvertently exerts negative influence in the field, Doesn't "get" nonprofits and issues, Difficult to work with

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Provident Bank Foundation Inc