Nana Grants Inc

Nana Grants Inc is a nonprofit organization designated as a 501(c)(3), focusing on educational and economic support for low-income single mothers[1]. The organization operates under the guiding principle that education combined with childcare can foster economic mobility for families in need[3].

Mission and Approach

Mission: Nana Grants aims to assist low-income single mothers in pursuing post-secondary education while ensuring their children receive quality childcare. This mission aligns with the two-generation (2Gen) approach, which emphasizes the interconnected well-being of both children and their caregivers[2].

2Gen Approach: This model works by addressing the needs of both generations, fostering opportunities for educational success and economic security. It involves engaging with parents as experts on their family’s needs, promoting innovation, and measuring outcomes for both children and parents[2].

Funding and Grants

Nana Grants provides financial support by covering 100% of the cost of childcare through graduation for recipients who are enrolled in accredited colleges or universities in Georgia[2]. This support is critical because, despite programs like the HOPE Scholarships making college tuition more accessible, childcare costs can be prohibitively expensive, often exceeding tuition fees[2].

Eligibility Criteria

To qualify for a Nana Grant, applicants must:

• Be single parents.
• Demonstrate low income, evidenced by a Federal Student Aid Report showing an Expected Family Contribution (EFC) of "0".
• Be pursuing technical, vocational, associate's, or bachelor's degrees at an accredited Georgia institution.
• Maintain a minimum GPA of 2.0 and make satisfactory academic progress.
• Be U.S. citizens or permanent residents[4].

Other selection factors include clarity of educational and career goals, progress toward those goals, and future plans for achieving them[4].

Operations

Nana Grants relies heavily on contributions, with no income derived from program services or investments[1]. As of the fiscal year ending December 2022, the organization's total assets were approximately $284,301, with contributions making up the entirety of its revenue[1].

Leadership and Governance

The organization is led by Erica Stephens as Executive Director, with a compensation of $39,991 as of the latest available data[1]. The board includes diverse members involved in various committees focused on development, governance, and finance[3].

Financial Overview

Nana Grants' financial activities are characterized by a reliance on donations, with no additional revenue streams. The organization's expenses primarily include executive compensation and operational costs[1].

Impact

By providing comprehensive childcare support, Nana Grants helps single mothers complete their education, securing better career prospects and contributing to economic mobility for their families[2]. This aligns with broader goals of reducing poverty and promoting educational success among disadvantaged groups[2].