In a first-of-its-kind opportunity, 100 NGOs doing critical and credible social impact work across the nation have been selected to receive grants from the GROW Fund, which is anchored by EdelGive Foundation along with several reputed funding partners. Every NGO, chosen to be a part of the initiative’s cohort of 100, will receive INR 80 lakhs over two years to direct resources to building its capabilities, resilience and future readiness. With registrations from over 2300 organisations, the NGOs will be assisted with mentoring, networking and leadership building. It will also enable organisations to recover from the immediate challenges faced due to COVID-19 and sustaining operations by covering critical costs and promoting future readiness for long-term institutional well-being and sustainability.
Since the advent of COVID-19, in a global first, the grassroot organisations, serving different communities in India, have faced numerous challenges in their growth and sustenance including depleting funds and risk of forced closure. The GROW Fund is a unique financial initiative that aims to redefine philanthropy by committing to build a conducive ecosystem for organisations to grow resilient and future ready, by addressing their organisational development needs.
The GROW Fund has received accolades and resources in its mission to make philanthropy more inclusive and accessible to small and mid-sized NGOs, from Indian and international funders including philanthropic institutions and eminent philanthropists known for their individual giving. Bill and Melinda Gates Foundation, Manan Trust, Rohini Nilekani Philanthropies, MacArthur Foundation, A.T.E Chandra Foundation, Rainmatter Foundation, Dalyan Foundation, Oak Foundation, a private philanthropy partner, Indus Foundation of Utah, Omidyar Network India and Ashish Kacholia along with Edelweiss Group are a part of this initiative as core funders. Additionally, eminent businesspersons and changemakers such as Sanjay Purohit, Rati Forbes, the Bikhchandani Family, Helenka & Sunil Anand, Onward Foundation and Govind Iyer have also lent their support to GROW Fund.