$6.2 million granted to benefit programs at eight NFPs
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Perpetual has revealed the recipients of its inaugural IMPACT Philanthropy Partnership program, which will see eight not-for-profit organisations receive a total of $6.2 million.
Each organisation will receive a grant of up to $1 million, funded by Perpetual’s philanthropy clients, to be used over one to five years.
Perpetual’s National Manager of Philanthropy, Caitriona Fay, said the partners have been singled out from a group of high achievers invited by Perpetual to apply for this industry-first initiative.
“The recipients of the inaugural IMPACT Philanthropy Partnership grants have been selected for consistently having demonstrated excellence in the areas of governance, leadership, capability and outcomes over the past three years,” Ms Fay said.
The Partnership program was launched as part of Perpetual’s IMPACT Philanthropy model which is designed to ensure that philanthropic clients’ charitable investments achieve maximum benefit and outcomes for the communities they support.
The IMPACT Philanthropy Partnership grants will fund varied programs focused on legal counselling, medical research, youth education and agricultural advancement, as well as technology-enabled community health and rehabilitation services.
Several of the grants will support capacity-building projects, including the development of a data management platform and a product commercialisation process.
“These projects are often considered ‘unsexy’ and are overlooked for funding, but they are in fact vital to help organisations get the job done more effectively,” Ms Fay said.
“At the heart of the IMPACT Philanthropy Partnerships initiative is the will to support sustainable operations, which in turn produce crucial outcomes for the communities and sectors they serve.”
The IMPACT Philanthropy Partnership grants are a new stream of the IMPACT Application process, which has generated distributions of over $24 million this year with the aim of focusing the charitable intentions of not-for-profits to create long-lasting community impact. The total pool of philanthropic funds distributed by Perpetual, on behalf clients, this year comes to over $85 million.
