In March 2023 Versacare Foundation awarded 133 grants totaling $2,493,872 across North America and Caribbean Island nations. These grants included $449,772 to 58 primary, intermediate and secondary schools across the North American Division.
Versacare Foundation is an independent foundation which has been serving Seventh-day Adventist ministries and a select few other humanitarian efforts with financial grants since 1990. A self-funded lay organization, its board is comprised of both lay Adventists and present and former Adventist church employees. It is comprised of both lay Adventists and present and former Adventist Church employees. It awarded its first grants in 1990, totaling $26,000, to five different Adventist ministries. Since awarding those first grants in 1990, Versacare Foundation has funded 1,734 grants totaling $33,644,925, with a high percentage having gone to Adventist education.
Versacare's mission statement and purpose is "to serve humanity by engaging in activities that will further the kingdom of God and restore the Image of God in man. We believe that this fidelity to the Gospel of Jesus urges us to emphasize human health and dignity and the search for knowledge."
The Versafund Grant Program offers three levels of funding available for faith-based organizations and eligible non-profit, tax-exempt 501(c)(3) organizations:
- Catalyst Grant: $2,500 to $10,000
- Venture Grant: $10,001 to $40,000
- Impact Grant: More than $40,000*
Grant applications are accepted July 1 through December 31 at www.versacare.org.
* The Impact Grant is offered by invitation to applicants implementing proven successful practices as well as organizations demonstrating creativity and innovation in the delivery of services that meet the needs of individuals or groups.