$50,000 grants available for small charities
BankSA Foundation has opened up a grant round for charities to receive $50,000 each in funding for community programs
BankSA Foundation has launched a grant round valued at $50,000 to support smaller charities working to make a big impact in the community.
Eligible charitable organisations in South Australia and the Northern Territory can now submit applications for BankSA Foundation Community Grants for up to $50,000 each to provide a future for socially, economically or physically disadvantaged people.
BankSA Chief Executive, Nick Reade, said in its 77 years, the foundation has since donated $9 million to local organisations, including $207,000 to nine charities in 2017.
“Driven by employee giving, our contribution to the South Australian community over the years has been significant and I encourage community organisations to visit our website and consider applying for the latest funding grant available,” Reade said.
This is the second Community Grand round offered in 2018 and is in addition to the Foundation’s multi-year funding grant of $170,000 for one charity over the next three years, announced earlier this year and to be awarded next month.
To be eligible for this grant, organisations must be located and focus its efforts in the Northern Territory or South Australia and have a gross annual revenue of less than $5 million. The organisation must also receive less than 60 per cent of its income from a recurrent state, federal or local government funding.
If, however, an organisation receives an income of less than $1 million per annum, government funding can exceed 60 per cent. The organisation must also be endorsed as a deductible gift recipient to be qualified for the grant.
BankSA has a history of charitable and community support since 1941 when bank staff first agreed to donate part of their wages to send comfort parcels to colleagues who were serving in the armed forces.
“In the past year alone, the BankSA Foundation has supported local programs to help young people remove the stigma around mental health and reach out for help; extended free professional counselling services to families facing the unimaginable loss of a child; and provided funding to help grand carers and kinship raising their grandchildren,” Reade said.