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Pepsi Refresh Project Giving Away Millions In Grants

Pepsico, one of the world's largest soft drink companies, is giving away millions of dollars in grant money to fund good ideas, big and small, that make the world a better place.

The program is called the Pepsi Refresh Project, and the "Refresh Grants" will be awarded in amounts of $5,000, $25,000, $50,000, or $250,000.

To apply, applicants must come up with an idea that can help the world, or at least some of the people who live in it. After choosing a category that best fits their idea, they have to provide basic information about themselves or their organization. Next, they have to provide a detailed analysis about their idea and implement multimedia (photos and video). Finally, they can submit their application for approval.

Submissions begin at 12 midnight EST on the 1st of every month, and end when the first 1,000 submissions are received or on the 15th of the month (whichever occurs first). In any given month, the first 1,000 valid projects will be eligible for a public vote.

For grants awarded to individuals, they will be asked to provide a resume, any relevant memberships or other qualifications, and a letter of reference.

Non-profits will need to share 501c3 documentation and a letter of reference. Companies should be prepared to share articles of incorporation, legal registrations, and professional associations that demonstrate ability to achieve project aims.

All grantees must demonstrate that they have the ability to accomplish their ideas, and must agree not to discriminate or to use funds for illegal purposes.

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