GreatAmerica Financial Services Corporation announced that its Employee Advised Fund fall application period opens after the Labor Day weekend to nonprofits in the Eastern Iowa area. Applications will be accepted September 3 through September 30, 2024, 4:30 PM Central. The Employee Advised Fund, launched in 2022 is in addition to the GreatAmerica Donor Advised Fund, established in 2001. The combined funds provide more than $1.1 Million to projects in the Cedar Rapids/Iowa City Corridor each year. Both funds are managed by the Greater Cedar Rapids Community Foundation.
The Employee Advised Fund empowers GreatAmerica employees to make charitable giving decisions on behalf of GreatAmerica. They vote from a selection of nonprofit applications, directly impacting worthy organizations in the community.
This is the fourth round of giving for the GreatAmerica Employee Advised Fund. The fund has awarded $750,000 so far to 34 unique nonprofit organizations in the Corridor.
“Our employees are passionate about giving back to the communities where they live. During the most recent spring 2024 giving cycle, they directed $250,000 to 15 area nonprofits, awarding grants ranging from $5,000 to $25,000,” states GreatAmerica CEO, Martin Golobic.
About GreatAmerica Financial Services®
GreatAmerica is the largest, family-owned national commercial equipment finance company in the United States. A $3+ billion company with life-to-date finance originations of $16.9 billion, GreatAmerica was established in Cedar Rapids, Iowa in 1992. Dedicated to helping manufacturers, distributors, resellers, and franchisees be more successful and keep their customers for a lifetime, GreatAmerica offers innovative, complementary services in addition to financing. GreatAmerica is committed to the communities it serves and donates more than $1.1 million annually through a GreatAmerica Donor Advised Fund and an Employee Advised Fund, giving team members a say in where funds are allocated.
