This economy has so many organizations looking for funds that have fewer restrictions so they can apply them exactly where they need them. As I have stated in previous Grant Gazings, I am particularly interested in finding unrestricted funds or those for capital needs to highlight for my readers. My funder today is giving that kind of funding, along with special guidance to help those who want to help their neighborhoods.

This week’s pick: Applications are being accepted for the Neighborhoods of Excellence Initiative from Bank of America Charitable Foundation. “The Neighborhood Builders program provides $200,000 ($100,000 annually for 2 years) in unrestricted grant funding in addition to leadership training for two local nonprofit organizations working to promote vibrant neighborhoods.”

Grantees will also be part of special leadership development workshops. The due date to apply is June 30, 2009. You must create a login to access the application and apply.