Austin FC and Q2 to Award Grants to Local Nonprofits Through Second Annual Q-mmunity Gives Grant Program

Rhea-AI Summary

Q2 Holdings Inc. (QTWO) and Austin FC have launched the second year of their Q-mmunity Gives grant program, totaling $150,000 for local nonprofits in Central Texas. Three grants of $50,000 each will be awarded to organizations focusing on education, job skills, and health and wellness for underrepresented communities. Applications are open from Oct. 5 to Oct. 25. This initiative aims to enhance diversity, equity, and inclusion within the region.

Positive

• Continuation of the Q-mmunity Gives grant program, indicating ongoing commitment to community engagement.
• Total funding of $150,000 reflects a significant investment in local nonprofits, enhancing Q2's community reputation.

Negative

• None.

Three (3) $50,000 grants will be awarded to organizations dedicated to supporting the advancement of underrepresented communities in Central Texas

AUSTIN, Texas--(BUSINESS WIRE)-- Austin FC and Q2 Holdings Inc. announced today that the organizations are once again teaming up to support local nonprofits dedicated to promoting diversity, equity and inclusion in Central Texas through its Q-mmunity Gives grant program, which returns for a second-consecutive year after launching in 2021.

As part of the annual program, Austin FC and Q2 will award three (3) separate $50,000 grants to three (3) nonprofit organizations, altogether totaling $150,000, that focus on the advancement of underrepresented communities through the following impact areas: education, job skills and readiness, and health and wellness.

Last year, Central Texas nonprofits Con Mi MADRE, Urban Roots, and Science Mill were named the inaugural Q-mmunity Gives grant recipients.

“After seeing the success of the Q-mmunity Gives grant program in its first year, we’re honored to once again work alongside Q2 on this important initiative benefiting Austin’s incredible nonprofit community,” said Austin FC President Andy Loughnane. “Our hope is that these grants will help recipients meet their objectives while simultaneously advancing underrepresented people in our region.”

“We look forward to kicking off the second annual Q-mmunity Gives grant program, which brings together Q2, Austin FC and local nonprofits in pursuit of advancing underrepresented communities in Central Texas,” said Matt Flake, Chief Executive Officer at Q2. “We’re proud to support this impactful initiative, which allows us to help equip three deserving organizations with the funds and resources needed to advance their mission and service to the community.”

For a grant application to be considered eligible, it must meet the following criteria:

• Organizations must be committed to supporting and promoting equity and inclusion in the Central Texas Community.
• The program/project must fall within one or more of the following impact areas: education, job skills and readiness, and health and wellness.
• The program/project must be local to Central Texas.
• The request must come from an organization (no funding will be made to individuals).
• Requested funds must be used to implement a project. Capacity grants are not awarded by the Q-mmunity Gives grant program.
• The organization must be certified as tax-exempt under Section 501© (3) of the U.S. Internal Revenue Code and not be a private foundation as defined in section 509(a) of that Code. The organization must be in good standing with the Internal Revenue Service (IRS), the Texas Franchise Tax Board and the Texas Secretary of State.

The Austin FC and Q2 Q-mmunity Gives Grant Committee will accept applications beginning today, Oct. 5, through Oct. 25.

Organizations wishing to apply for a Q-mmunity Gives grant can do so by clicking here.

About Austin FC

Austin FC joined Major League Soccer (MLS) as the League’s 27^th club in January 2019. Austin FC officially began competing in MLS in April 2021 and played its first match at home on June 19, 2021 in the new, 100% privately financed, $260 million, state-of-the-art Q2 Stadium in Austin.

Austin FC operates the Austin FC Academy, the fully funded developmental academy representing the highest level of competition for elite youth soccer players in Central Texas, while serving as the exclusive developmental pathway to MLS for the region’s most talented young players.

About Q2 Holdings Inc.

Q2 is a financial experience company dedicated to providing digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies in the U.S. and internationally. With comprehensive end-to-end solution sets, Q2 enables its partners to provide cohesive, secure, data-driven experiences to every account holder – from consumer to small business and corporate. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005161/en/

Ryan Madden, VP of Communications and Media, Austin FC

C: 805.453.4488 / E: rmadden@austinfc.com

Cameron Koubek, Communications and Media Coordinator, Austin FC

C: 301.526.1542 / E: ckoubek@austinfc.com

Emely Alvarado, Communications and Media Coordinator, Austin FC

C: 512.550.6407 / E: ealvarado@austinfc.com

Carly Baker, Marketing Communications Specialist, Q2

C: 210.391.1706 / E: carly.baker@q2.com

Source: Q2 Holdings Inc.

FAQ

What is the Q-mmunity Gives grant program by Q2 Holdings (QTWO)?

The Q-mmunity Gives grant program is an initiative by Q2 Holdings and Austin FC that allocates $150,000 to local nonprofits in Central Texas focusing on education, job skills, and health and wellness.

How much funding is available through the Q-mmunity Gives grant program?

The program provides a total of $150,000, with three separate grants of $50,000 each awarded to selected nonprofits.

When can organizations apply for the Q-mmunity Gives grants?

Applications for the Q-mmunity Gives grants are open from October 5 to October 25.

What criteria must organizations meet to apply for the Q-mmunity Gives grants?

Organizations must promote equity and inclusion in Central Texas and focus on education, job skills, or health and wellness while being tax-exempt under Section 501(c)(3) of the U.S. Internal Revenue Code.