BankSA Foundation is calling on small organisations dedicated to making a big impact in the community to apply for funding grants of up to $50,000 each, with applications now open. Foundation grants will be awarded to eligible community organisations that provide a brighter future for disadvantaged people.
Nick Reade CEO of BankSA said in its 75 years BankSA Foundation has donated close to $9 million to local organisations, including over $180,000 in grants this year alone.
To be eligible for a grant, an organisation must:
- Be located and focus its efforts in South Australia or Northern Territory.
- Have a gross annual revenue of less than $5 million.
- Receive less than 60% of its income from recurrent state, federal or local government funding (unless it receives an income less than $1 million per annum, in which case government funding can exceed 60%).
- Be endorsed as a deductible gift recipient (but not another ancillary fund). Deductible Gift Recipients must be listed with the Australian Taxation Office under Item 1 of the Table in Section 30-15 of the Income Tax Assessment Act, 1936.
Applications close 29 September 2017.
Further eligibility criteria and information on applying can be found on the website.