Apply for Funding

About funding

Each year, we fund hundreds of organizations that impact our customers and the communities in which we all live and work. Our funding opportunities include:

  • Grants are for typical organizations in Vectren's service territory requesting funding for a specific event, improvement, program or other initiative which meets contribution guidelines. Grants are awarded to the organization and do not have to be repaid.
  • Low interest loans are available through the GrowLocal Lending program to support programs and initiatives that help drive grass roots economic development or provide community development solutions. Unlike grants, these investments are expected to be repaid. This program is available for existing nonprofit and for-profit organizations in Gibson, Posey, Vanderburgh and Warrick Counties in Indiana.

Funding options

About grants

Grants are for typical organizations in Vectren's service territory requesting funding for a specific event, improvement, program or other initiative which meets contribution guidelines. Grants are awarded to the organization and do not have to be repaid. Please note: we receive and evaluate thousands of grant proposals, so while many opportunities are aligned to our areas of focus, we are only able to fund a small percentage of the total number received. The Foundation does not accept grant requests or proposals by mail, fax, email or phone.

1. Review the guidelines

Review the contribution guidelines and ensure you are eligible for Vectren Foundation funding.

2. Gather required documentation

Before you start the application, ensure you have these required documents:

  • Federal Employee Identification Number (EIN) for your organization
  • A copy of your organization's IRS Letter of Determination
  • A copy of your current budget for the project, program, activity or event
  • A listing of the members of your Board of Directors
  • Any other supplementary materials that describe your organization or support your proposal

Applications for contributions to capital fund drives or to purchase equipment should also provide:

  • A clear description of the project, including its goals and objectives.
  • A financial plan showing how the project will be funded. The plan should include other possible sources of support and funds that have been pledged or received to date.
3. Apply and submit all documentation

Visit our online application when you are ready to apply. Be sure to attach all required documents with your application.

Visit application

About low interest loans

GrowLocal Lending Logo

In partnership with Southwest Indiana Small Business Development Center, the Vectren Foundation offers opportunities for both nonprofit and for-profit organizations to qualify for loans through its GrowLocal Lending program. Inexpensive capital is available to support programs and initiatives that help drive grass roots economic development or provide community development solutions. Unlike grants, these investments are expected to be repaid. This program is available for existing nonprofit and for-profit organizations in Gibson, Posey, Vanderburgh and Warrick Counties in Indiana.

What do we offer?
  • Loan amounts up to $100,000 at a fixed 4% rate
  • Existing for-profit and nonprofit organizations in southwest Indiana qualify (Gibson, Posey, Vanderburgh and Warrick Counties)
  • Terms of up to 5 years
  • Technical assistance available from Southwest Indiana Small Business Development Center
Ideal applicants
  • Preferred borrowers are prepared and offer personal guarantees, but have limited capital or collateral.
  • Preferred projects offer high-growth potential and considerable community impact.
  • Open to creative solutions for growth potential
  • Capable individuals and organizations looking for alternatives to traditional financing arrangements
Request additional information

Program-Related Investments (PRIs)

The Vectren Foundation offers opportunities for both nonprofit and for-profit organizations to qualify for Program-Related Investments (PRIs). These inexpensive capital investments support programs and initiatives addressing social and environmental challenges. Unlike grants, PRIs are expected to be repaid.

Contact our team

  • Mark Miller
    Manager, Community Affairs
    P.O. Box 209, Evansville, IN 47702
    812-491-4176

  • Rachel Goodspeed
    Manager, Community Affairs
    120 West Second Street, Suite 820, Dayton, OH 45402
    812-491-4176

  • Media Inquiries
    For all media queries, please contact Natalie Hedde, Director of Corporate Communications.

Common questions

No, there is neither a deadline for application nor a funding cycle. We accept applications year-round.

If your agency is located outside of our service territory, but serves residents within our service territory, you are eligible for funding. However, these grants are primarily restricted to serve those clients within our service territory.

No. As a private foundation, we are restricted to only making awards to 501(c)(3) organizations. You can learn more about the IRS code for charitable organizations on the IRS website.

We make every attempt to complete the review process and issue notification within 45 days. How long must I wait to submit another application? There is no restriction on the number of applications an organization can make in a year, but since we are a smaller foundation, it is unlikely multiple grants will be awarded to the same organization in the same year.

Need more information? Contact us