Maximus Foundation Announces Over $2 Million in Grants for Nonprofits Nationwide

Rhea-AI Summary

Maximus (NYSE: MMS) announced that the Maximus Foundation will issue over $2 million in grants to 209 nonprofit organizations nationwide. Each nonprofit will receive $10,000 to advance community development, youth programs, and healthcare services. The Foundation, established in 2000, has awarded over $15 million in total grants to date. Starting in 2025, the Foundation will shift from annual to multi-year, unrestricted grants, focusing initially on food insecurity and food equity. This strategic change aims to provide more stability and capacity for nonprofits.

Positive

• Maximus Foundation is providing over $2 million in grants.
• Each of the 209 nonprofits will receive $10,000.
• Total grants awarded by the Foundation exceed $15 million since 2000.
• The Foundation will shift to multi-year, unrestricted grants starting in 2025.
• New focus areas include addressing food insecurity and advancing food equity.

Negative

• The shift to multi-year grants means fewer organizations will receive support.
• The strategic change may cause a temporary disruption in funding continuity for some nonprofits.

209 nonprofits focused on community and youth development receive $10,000 grants each

TYSONS, Va.--(BUSINESS WIRE)-- Maximus (NYSE: MMS), a leading employer and provider of government services worldwide, today announced the Maximus Foundation will award over $2 million in grants to 209 nonprofit organizations across the United States. This year, each grantee will receive $10,000 to further their work across community development, youth programs, and healthcare services.

The Maximus Foundation, founded by the company’s board of directors in 2000, has awarded more than 3,000 grants totaling more than $15 million throughout its history. It is committed to supporting organizations and programs that promote self-sufficiency through improved health, child, family, and community development.

“The 2024 Maximus Foundation grant recipients, located in diverse communities across the United States, is an inspiring group of nonprofits that are truly driving change in local communities,” said Dr. Arvenita Washington Cherry, Maximus Foundation President and Chairperson. “Our ethos is to help move people forward, and that spirit runs through every one of these nonprofits, which are improving the lives of countless people and families.”

This year, the Maximus Foundation provided $10,000 grants to each awardee, with focus areas including homelessness prevention, job training programs, youth development, and education programs. The 209 nonprofits receiving grants are located in 31 states and the District of Columbia. The 2024 grants will help nonprofit partners make financial plans with the launch of the Foundation’s new, more focused philanthropic strategy next year.

In 2025, the Foundation’s grantmaking approach will evolve from annual unrestricted grants to multi-year, unrestricted financial support for a smaller group of grant partners. This new strategic approach will foster greater stability and capacity for nonprofits to achieve enduring positive change in the communities they serve. The Foundation’s new funding strategy will support organizations tackling a specific social impact issue. In the first year, the Foundation will support organizations with a record of successfully addressing food insecurity and advancing food equity.

“The annual grant giving from the Maximus Foundation is extremely personal to our employees because the efforts of these nonprofits mirror the causes and initiatives they care about,” said Bruce Caswell, President and Chief Executive Officer of Maximus. “The Foundation’s board is shifting strategy in 2025 because they heard from our employees about how important food equity has become, particularly in the aftermath of the COVID pandemic. Through the Foundation, we aim to help as many people as possible, and that includes our responsibility as a good corporate citizen to impact change where we live and work.”

Individual organizations will announce their awards to local communities throughout 2024. For more information on the Maximus Foundation, including full reports on previous grantees and details on the strategic shift beginning in 2025, please visit maximus.com/foundation or view the 2023 Foundation Annual Report.

About the Maximus Foundation

As the philanthropic arm of Maximus, the Foundation extends the mission of the company by identifying and awarding grants to partners with specialized expertise to deliver results within the same populations and communities served by the public programs the company operates. The Maximus Foundation is completely funded by Maximus and its employees to support local community organizations with programs and projects in the areas of child and youth development, health, and community development.

About Maximus

As a leading strategic partner to governments across the globe, Maximus helps improve the delivery of public services amid complex technology, health, economic, environmental, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners. Maximus delivers innovative business process management, impactful consulting services, and technology solutions that provide improved outcomes for the public and higher levels of productivity and efficiency of government-sponsored programs. For more information, visit maximus.com.

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Investor Relations

James Francis

Jessica Batt

IR@maximus.com

Media & Public Relations

Eileen Cassidy Rivera

media@maximus.com

Source: Maximus

FAQ

How much is Maximus Foundation granting to nonprofits in 2024?

Maximus Foundation is granting over $2 million to 209 nonprofits in 2024.

How much will each nonprofit receive from the Maximus Foundation in 2024?

Each nonprofit will receive $10,000 from the Maximus Foundation in 2024.

What is the focus of Maximus Foundation's grants in 2024?

The focus is on community development, youth programs, and healthcare services.

What changes will Maximus Foundation implement in its grant strategy in 2025?

Starting in 2025, the Foundation will provide multi-year, unrestricted grants focusing on specific social issues like food insecurity and food equity.

How many nonprofits has Maximus Foundation supported to date?

Maximus Foundation has awarded more than 3,000 grants totaling over $15 million.