Free Money — Eligible Nonprofits Apply Now

Southlake, Texas, consumer-goods company Project 7 is giving away money and looking for organizations interested in taking it.

Project 7 will donate $15,000 (from profits from the sales of products like bottled water) to one representative charity in each of these seven areas: Build the Future, Feed the Hungry, Heal the Sick, Help Those in Need, Hope for Peace, House the Homeless and Save the Earth.

“We are looking for organizations experienced in these seven areas of need that strive to do as much as possible with every dollar donated,” Project 7 founder Tyler Merrick said in a press release.

Any U.S.-based nonprofit that has been established for at least three years is eligible for the funding.

Other requirements include:

* donations received in the last 12 months must be between $1 million and $25 million;
* a minimum of 50 cents of every dollar received must directly support the organizations’s mission;
* the organization must have a Web site and means to communicate from the field with regular updates;
* the organization must be working to make a difference in one of the seven areas of need identified by Project 7.

Once all of the applications are received, Project 7 will narrow them down to three finalists per cause. Then the online community will determine the winners of each cause by voting.

Interested organizations can download the application and learn more by clicking here. Deadline is next September and funds will be awarded December 2009.