BankSA celebrates its 170th anniversary by offering its largest-ever grant to nonprofits in South Australia and the Northern Territory, Andrew Sadauskas reports.
BankSA Foundation has opened its largest-ever grant round, offering $170,000 over a three-year period to a single charity in South Australia or the Northern Territory.
The new multi-year funding grant program commemorates the 170th anniversary of Westpac-owned BankSA, with the funds set to go to a crucial program or initiative that otherwise may not be possible.
The new program is in addition to the foundation’s existing community grants program, which opens for two funding rounds per year, with applications for the next round scheduled to open in August 2018.
Priority funding areas for the foundation include early intervention services, youth workers, recreational and respite programs, counselling services, education, and medical equipment.
Along with being based in either SA or the NT, eligible charities must have an annual gross revenue of less than $5 million, receive less than 60% of their income from recurrent state or federal funding, be endorsed as a deductible gift recipient (but not an ancillary fund), and listed with the ATO.
Also ineligible for the grant are organisations or projects with religious affiliations, sponsorship or fundraising appeals, general operations or running costs, office equipment and auspiced applications.
The recipient will be announced later this year after applications have been received and assessed, with the foundation planning to continue offering the grant every two years.
In a statement BankSA Foundation chair Nick Reade said the new BankSA Foundation grant has been designed to provide a longer term boost to a small charitable organisation.
“This is the largest single grant ever offered by BankSA Foundation, which continues to help small charitable organisations make a big difference,” he said.
“This grant will provide a significant boost to one of the many deserving charities in either South Australia or the Northern Territory, most of which struggle to attract funding and are generally not big enough to generate significant and sustained fundraising income of their own.
“The new grant will complement other BankSA Foundation grants that will continue to be given throughout the year, and ultimately serve to improve the lives of physically, socially or economically disadvantaged people in SA and the NT.”
Expressions of interest for the inaugural BankSA Foundation multi-year grant are now open and will close on 1 June 2018. For more information visit www.banksa.com.au/foundation.