Enterprise Capital Grant Program

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Enterprise Capital Grant Program

The Enterprise Capital Grant Program is designed to bolster the capabilities and impact of nonprofit organizations in Connecticut through grants that support strategic initiatives and strengthen balance sheets. Funding for this program is derived from CHEFA’s own resources and does not include any State funding.

The FY 2027 Enterprise Capital Grant Program will support innovative investments toward the launch, stabilization, or scaling of an organization and its vision and mission. Letters of Interest will be considered for initiatives such as:

  • Capacity Building and Investment to Enhance Organizational Efficiency
  • Program Expansion to Increase Reach and Impact
  • Strategic Projects that Promote Sustainability

Organizations are expected to have recently completed (or have plans in the near future to complete) a strategic plan that supports their grant request. Funding will be unrestricted, with the purpose of providing flexible capital to empower organizations to better address societal challenges and achieve their missions more effectively.

The next Enterprise Capital Grant cycle will open in June 2026.

The FY 2026 RFP is Closed

General Guidelines

  • Awards are for a three-year grant period and range from $100,000 to a maximum of $500,000

  • Applicants that have outstanding CHEFA bond issues must be substantially in compliance with all bond documentation for the most recent audited fiscal year and current on all payments due to be deemed eligible.

CHEFA does not fund:

  • Debt reduction or endowment funding
  • Annual giving or fundraising for non-specific projects or programs, or capital campaigns
  • Out-of-state travel
  • Religiously sectarian services
  • Scholarships, stipends or incentives

Enterprise Capital Grant Application Process

All grant awards are subject to funding availability and the CHEFA Board of Directors reserves the right to award less than an applicant’s requested amount.

To access CHEFA’s Grants Management System, Click Here.

Please contact the Grants Program Manager for more information at grants@chefa.com.