Social investment grant program grows
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Community Sector Banking has today announced its 2018 Social Investment Grant Program will increase by $100,000 – with not-for-profits able to apply for grants totalling $300,000 to support people experiencing homelessness or domestic abuse.
“We received an overwhelming number of applications to last year’s program, highlighting the huge need in the community and the sector for addressing these issues. We’re proud to be continuing and increasing our support,” said Andrew Cairns, Community Sector Banking CEO.
“The impressive growth in our annual Social Investment Grant funding pool speaks to the strength of the grants program – which is financed by contributions from Social Investment Deposit Account holders, along with 50% of our net profits from that product,” said Cairns.
“It’s a fantastic example of the power for good that everyday banking can have in strengthening not-for-profits, and in turn, communities that benefit from their services.”
Not-for-profits can apply for grants of $25,000 or $50,000 to build resilience and capability in people experiencing homelessness or domestic abuse.
Cairns acknowledged that the themes for the 2018 grants – homelessness and domestic abuse – were the same as the 2017 program.
“We recognised that homelessness and domestic abuse remain the greatest crises Australian communities currently face, and that long-term support and solutions are key to properly address them,” said Cairns.
Key dates for the 2018 Social Investment Grants Program
- Applications open on 1 May 2018
- Applications close at 5pm AEST on 31 May 2018
