IMPACT Fund

The Omega Life Membership Foundation, Inc. (Foundation), established 40 years ago, has faithfully been fully engaged in and committed to philanthropy throughout its existence. The Foundation intends to continue this path and be a force for good and growth in the years to come. 

The IMPACT FUND is the first initiative created by the Foundation’s Board of Directors. It has been designed as a “Donor Advised Fund,” which means that the majority vote of the Foundation membership present at the Annual Corporate Meeting will decide the designee of the grant. In essence, the Foundation members will select and direct a significant grant amount to a worthy nonprofit organization on an annual basis. 

The focus of the 2025 IMPACT FUND grant will be in the area of promoting youth leadership through academics and athletics. In various communities, systemic barriers exist that affect Black youth in both academics and athletics. Nonprofit organizations that focus on kindergarten through 12th grade students to promote a holistic approach, combining education and physical development with clear, measurable outcomes in academic performance, leadership skills, and physical fitness to create well-rounded future leaders are essential to developing that pipeline of leaders.

The 2025 IMPACT FUND grant will be awarded to the nominated nonprofit organization that best exemplifies, in the eyes of the Foundation membership, “Empowering Youth Leadership through Academic and Athletic Enrichment and Support in the Black Community.” By focusing on community-based initiatives, the grant fosters pride and connection to heritage and aligns with our priorities of equity, inclusion, and access. 

The 2025 IMPACT FUND grant will be $25,000; we anticipate the award will be presented in August 2025. The application period will begin October 1, 2024, and end at 11:59 PM December 31, 2024. All nominations must be submitted by a Foundation Life Member. The IMPACT FUND Committee (IFC) will review and vet all completed applications and identify a slate of the top four (4) applications for the Foundation membership to ultimately vote on to select the one recipient for the $25,000 grant. 

The IMPACT FUND Committee aims to have the top four (4) applications available for the Foundation membership to review by March 31, 2025. Be advised that each of the four (4) finalists will be required to submit a two-minute organizational narrative video. The vote by the Foundation membership will occur at the July 2025 Annual Meeting of the Omega Life Membership Foundation, Inc.  

Any questions related to the IMPACT FUND application and nomination process can be directed to the IFC Chairman OLMF Region 1 Director, Gregory D. Burnett at greg.burnett@sbcglobal.net.