National Council of Negro Women to support center with new award
May 07, 2013
Upon receiving gifts, grants and other donations, many nonprofit organizations can expand or restructure their operations, build new headquarters or pursue a host of other opportunities. The National Council of Negro Women (NCNW) decided to put a recent $1 million grant from The Coca-Cola Foundation toward supporting their Economic and Entrepreneurial Development Center.
The award came as a surprise to many - The Coca-Cola Company's Chairman and CEO Muhtar Kent announced the creation of the grant at the retirement party of the of The Coca-Cola Foundation Chair Ingrid Saunders Jones. Jones became the Chair of the National Council of Negro Women in 2012.
"We could think of no better way to honor her Coca-Cola career and her legacy of service to others than by continuing our support of the National Council of Negro Women through a $1 million donation," Kent explained.
The NCNW will dedicate the money to strengthening the operating infrastructure of the center, which helps more than 4,000 women each year.
The Coca-Cola Foundation has a long history of donating money to various charities in a number of areas, including providing clean water to communities, creating exercise initiatives and crafting recycling projects, among many others. Between 2002 and 2010, the organization gave $273 million, but, when combined with the funds donated by The Coca-Cola Company, the entire corporation contributed more than $690 million.
Nonprofit organizations that hope to benefit from large grant-giving opportunities can improve their chances of being selected for awards when they use nonprofit financial management programs. These solutions can generate data-driven reports for various stakeholders.