DUBUQUE, Iowa–Dupaco Community Credit Union said nonprofits in its markets that are looking to expand their impact have a unique opportunity with its “Gift of Innovation” grant.
In partnership with The Innovation Lab, Dupaco said it is launching the second year of the “transformative program designed to fuel nonprofit growth through innovation support.”
According to the credit union, instead of a traditional monetary award, the grant provides a range of innovation sessions—valued up to $40,000 in total—from one-day sessions to a full year of capacity-building services.
Dupaco CCU added that the grant is designed to help nonprofits overcome resource constraints that may limit their potential. Innovation sessions can help organizations with challenges such as:
- Strategic planning
- Process development
- Financial sustainability
- Business model improvements
‘Eager to Innovate’
“Last year’s response confirmed what we believed: Nonprofits are eager to innovate but often lack the resources to do so,” President and CEO Joe Hearn said in a statement. “As a not-for-profit, mission-driven organization, Dupaco is proud to continue supporting nonprofits in their journey to grow, succeed and deepen their impact. This grant is one way we help build a brighter community for all.”
‘Unique Needs’
According to Dupaco, each innovation session is tailored to meet the unique needs of the selected nonprofit. Sessions are conducted with Eric Dregne, director of The Innovation Lab.
“We work closely with each nonprofit to ensure the session delivers real value,” Dregne said in a statement. “Participants can expect to leave with two to three highly actionable strategies that strengthen their operations and capacity.”
