The Chicago Community Trust has announced a new five-year strategic plan that includes general operating support to "anchor organizations" in the city.
To realize its vision for metropolitan Chicago, which includes helping the region become the most philanthropic in the country, the trust will focus its future grantmaking on initiatives that inspire philanthropy in all its forms, engage residents to work with one another for the common good, and lead change aimed at solving pressing issues. Starting in January, the trust will begin to provide general operating grants ("GO Grants") to organizations that address chronic needs in the community and will streamline its grantmaking process to reduce the administrative burden on nonprofits pursuing grants.
According to the Chronicle of Philanthropy, the new grants will range from $35,000 to $300,000. CCT president Terry Mazany told a Chicago audience of nonprofit officials that the Go Grants will represent "a significant part of our grant portfolio."
"I hope [the grants] will make it easier for you to carry out your mission," Mazany said. "Our commitment is to serve you so that you can serve those most in need in our community."