Australian Executor Trustees (AET), professional trustee organisation, launched its AET Discretionary Grants Program for 2017/18 at an event in Adelaide.
The AET Discretionary Grants Program brings together 13 charitable trusts whose donors have entrusted AET to make granting decisions on their behalf. The Program will grant up to $600,000 to eligible charitable organisations before 30 June 2017.
The aim of the Program is to invest in South Australian based not-for-profit organisations (or those delivering programs in South Australia) that are building organisational capacity and effectiveness.
Funding will be provided to eligible not-for-profit organisations that demonstrate leadership through:
- adapting their organisation and revenue models
- developing capability in their staff, volunteers or partners through professional learning opportunities,
- and developing new and innovative programs.
The AET Discretionary Grants Program has two underlying programs:
- The AET Learning for Impact Program which supports organisations that recognise and value the role talented staff play in delivering outcomes for their organisation and the communities they serve.
- The AET Small to Medium Investment Program which aims to provide untied investment for South Australian based organisations that are considered small to medium in size (approximately $5 million or less in annual turnover).
Australian Executor Trustees’ Head of Philanthropy, Ben Clark said, “We are pleased to launch this year’s program and are excited by the opportunities this will provide through building organisational capacity in not-for-profit organisations.”
“This year’s program demonstrates our continued commitment to funding South Australian programs and recognises the needs and critical role of small-to-medium not-for-profit organisations. It continues our strong heritage, gained over almost 140 years, through helping Australians to support their communities,” he said.
The funding round for the Program will open on 27 February 2017 and closes on 1 May 2017. Successful applicants will be notified by 30 May 2017 with funding agreements expected to be finalised before 30 June 2017.