Educational Grants for Professional Development

The banking industry is fast-changing. Getting key employees trained in the latest developments can be expensive--and that's where MinBanc Foundation, Inc. can help. Thanks to the support we receive from generous donators, we help banks to take advantage of up to $5,000 per calendar year in professional education grants for employees. Whether you're a manager looking to grow your team or an aspiring manager, our grants can help strengthen your organization, and by extension, your community.
 |
Facts about Our Grants
MinBanc Foundation, Inc. has distributed professional development grants in excess of $600,000 to further employee education and training opportunities at minority- and women-owned banks since our founding. If you're interested in applying for a grant, here are a few key facts to consider:
- A maximum of $5,000 in employee education grants can be awarded per bank, per calendar year.
- Grants are offered as tuition reimbursement. Travel and any expenses (hotel, meals, etc.) related to attending the course(s) are not eligible for reimbursement.
- Grants are awarded to employees at the management or officer level.
- Grant requests are viewed and approved on a quarterly basis.
- Grant requests are accepted on a rolling basis but must be submitted for coursework completed within the last (90) days.
|
In accordance with MinBanc Foundation, Inc. bylaws, grants are awarded only for banking-related courses. Courses must be relevant to the management of a financial institution or address current banking-industry issues, etc. General management courses or courses related to an individual's continuation of a college or university degree program do not qualify for grants.