Square Financial Services Unveils Grant Initiative in Partnership With the Community Foundation of Utah

Rhea-AI Summary

Square Financial Services has launched the 21 Squared Grant Initiative, partnering with the Community Foundation of Utah to award microgrants of $2,100 to 21 Utah-based nonprofits. The initiative aims to support community development efforts, particularly for smaller organizations affected by the pandemic. Eligible nonprofits can apply until December 31, with recipients announced in January 2022. Areas of focus include small business development, affordable housing, reentry support, and financial wellness.

Positive

• Launch of 21 Squared Grant Initiative to support nonprofits.
• Partnership with Community Foundation of Utah strengthens community ties.
• Microgrants aim to empower smaller nonprofits impacted by the pandemic.

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• None.

SALT LAKE CITY--(BUSINESS WIRE)-- Square Financial Services today launches the 21 Squared Grant Initiative in partnership with the Community Foundation of Utah. The grant program will award microgrants of $2,100 to 21 501(c)(3) nonprofits throughout Utah focused on community development efforts that align with Square Financial Services’ core values and priorities for community reinvestment.

“Smaller nonprofits have experienced acute disruption throughout the pandemic and we’re introducing our first grant program with them in mind,” said Lew Goodwin, CEO of Square Financial Services. “Microgrants enable us to provide fast, direct financial support to nonprofits, empowering them to use the funds as they see fit to best spearhead change in their communities. We’re honored to support and deepen our connections with organizations that are striving to break down barriers and expand access to underserved groups.”

“Our partnership with Square Financial Services to support Utah nonprofits engaged in vital community development work is core to our mission," said Alex Eaton, Chief Executive Officer of the Community Foundation of Utah. "Nonprofits, especially small ones, are often integral organizations to the communities they serve, and we're thrilled to continue supporting the critical work they undertake through this new grant program."

In alignment with Square’s purpose of economic empowerment, the 21 Squared Grant Initiative is intended for nonprofits in Utah that engage in community development work focused on one of the following areas:

• Small business development
• Affordable housing
• Reentry support and entrepreneurship
• Financial capability and wellness

The call for applications for the 21 Squared Grant Initiative begins today and eligible nonprofits can apply until the deadline on December 31. A judging committee from Square Financial Services will work with the Community Foundation of Utah to review and assess applications. The winning organizations will be announced in January, 2022.

For more information about the application process, please visit www.utahcf.org/be-a-partner/21-squared-grant-initiative

About Square:

Square helps sellers more easily run and grow their businesses with its integrated ecosystem of commerce solutions. Square offers purpose-built software to run complex restaurants and retail operations, versatile e-commerce tools, embedded financial services and banking products, an appointment booking platform, staff management and payroll capabilities, and much more – all of which work together to save sellers time and effort. Millions of sellers across the globe trust Square to power their business and help them thrive in the economy. For more information, visit www.squareup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211203005101/en/

Media Contact

press@squareup.com

Source: Square

FAQ

What is the 21 Squared Grant Initiative from Square?

The 21 Squared Grant Initiative awards microgrants of $2,100 to 21 nonprofits in Utah to support community development.

Who can apply for the 21 Squared Grant Initiative?

Nonprofits in Utah engaged in community development can apply for the grant.

What is the deadline for the 21 Squared Grant Initiative applications?

Eligible nonprofits can apply until December 31.

When will the winners of the 21 Squared Grant Initiative be announced?

Winners will be announced in January 2022.

What areas does the 21 Squared Grant Initiative focus on?

The initiative focuses on small business development, affordable housing, reentry support, and financial capability.