Cisco Foundation was established in 1997 to provide support, cash, products, and volunteers to nonprofit organizations with sustainable solutions that use Internet and network technology to benefit individuals and communities around the world. Cisco provides grants and networking technology and equipment to qualified nonprofit organizations to help them achieve best results in productivity, scalability, and cost-efficiency. Thus, Cisco Foundation uses SMART (specific; measurable; achievable; realistic; timely) metrics to measure the nonprofit’s impact.
Cisco Foundation’s charitable giving is divided into:
- Technology Grants – they’re provided under The Cisco Product Grant Program for small nonprofits applying for funding up to $15K;
- Cash Grants – cash grants are provided to nonprofits with an innovative approach to a significant social problem in one of the areas: education, economic empowerment, and critical human needs.
The requirements for the nonprofits to apply for grants include:
501c3 tax-exemption;
Organizations must serve the community at large;
Organizations’ charitable activities must focus on at least one of the following areas: access to education, economic empowerment, or critical human needs;
Organizations’ overhead is not to exceed 25%.
Each organization that receives a grant is required to sign a donation agreement before donations can be delivered. For the successful implementation of the project activities, grantee organizations are required to use Cisco’s online grant platform to measure their progress, as this is a requirement for continued funding eligibility.
Each year Cisco’s employees devote their time, professionalism and efforts to support charitable projects. Furthermore Cisco’s Foundation is matches employee donations worldwide for hunger relief.
More information about deadlines for applying and specifics is available at: http://csr.cisco.com/