When does the Foundation funding round open and close?
The Greater Charitable Foundation's 2017 Funding Round is now closed. Applicants will be notified in May regarding the status of their application. The next Funding Round will open in February, 2018.
What is the process for applying for funding?
1. Completing the online registration form
2. Preparing an Expression of Interest form – no more than three (3) A4 pages - which addresses the following elements:
a) Program Outline– Provide a clear and concise description of the proposed program including how it aligns with the Foundation’s vision and mission, what needs it will address and details of the target beneficiaries.
b) Program Outcomes, Measurement and Evaluation– Briefly outline how the program participants’ lives will be improved by the program and how you intend to measure, evaluate and report on the outcomes.
c) Greater Bank Collaboration – Explain the ways in which Greater Bank and its employees could add value to either the program or your organisation as a whole.
d) Program Budget – Provide a budget summary which includes the total program cost, the amount requested from the Greater Charitable Foundation and notes other confirmed and unconfirmed funding sources for the program. Where a source is identified as unconfirmed please explain when you expect to receive notification of the approval or otherwise of the funding and for what part of the project this funding is earmarked.
e) Consent and Declaration – Ensure the EOI is signed and dated by an authorised representative of the organisation.
3. Attaching Supporting Documentation, including:
- A copy of your organisation’s “Endorsement as a Deductible Gift Recipient” issued by the ATO, or a copy of the section (showing the item number) in which the applicant organization is specifically named as a DGR in Subdivision 30-B of the Income Tax Assessment Act 1997.
- A copy of your organisation’s “Notice of Endorsement for Charity Tax Concessions” issued by the ATO on or after 1 July 2005 (if available).
4. Emailing the three (3) page EOI form and supporting documentation to email@example.com. Acknowledgement of receipt of your application will be emailed to you within seven (7) days.
When will grant applications be accepted?
Expressions of Interest (EOI's) will only be accepted during the funding round period. The 2017 Funding Round is now closed, with the 2018 Funding Round to open in February 2018.
How much money can I apply for?
Funding round applicants may apply for funding of between $50,000 (12 month project) up to $350,000 for a two (2) to three (3) year program.
How many grants are available in each round?
It is anticipated that funding will be awarded to a maximum of five (5) partner organizations with final allocations to be dependent upon program duration and what funds the Board has available in any given year.
How do I know if my project will be considered 'charitable'?
Charitable is defined as possessing at least one of the following qualities:
- The relief of poverty
- The relief of the needs of the aged
- The relief of sickness or distress
- The advancement of education
There are also many other charitable purposes, commonly referred to as other purposes beneficial to the community. The following purposes would not be considered charitable:
- To confer private benefits
- Sporting, recreational or social
- Political, illegal or against public policy
If you are still unsure whether your project fits these guidelines, please refer to the Non-Profit Organisations section of the ATO website (www.ato.gov.au/nonprofit).
What happens if my application is successful?
If you are successful in receiving funding from the Greater Charitable Foundation, you will receive a letter from us confirming the conditions of the grant, payment schedule and reporting arrangements. Grants will be paid through Electronic Funds Transfer within four (4) weeks after you have received formal notification from us. Funded organisations are required to provide a receipt within 21 days following payment.
What happens if my application is unsuccessful?
If your submission is not shortlisted in the 2017 Funding Round, we will email or post you an 'Unsuccessful Application' letter in late May or early June. While it may be difficult to provide a specific critique in many instances, you are welcome to email us at firstname.lastname@example.org or call us on 4921 9671 (during normal business hours) for further feedback. For those applicants whose submission is shortlisted but not chosen to be funded, we will provide detailed feedback regarding the reasons it was not successful on this occasion. If you are unsuccessful this year, we encourage you to apply for future rounds. We are happy to provide guidance for submitting even stronger and more targeted grant applications in the future. Other funding sources to consider if you are unsuccessful include, Crowdfunding, other grant-makers, community fundraising or Government funding.
Are there recognition requirements attached to the funding?
Your organisation will be required to acknowledge the grant from the Greater Charitable Foundation through the use of our logo in publications and other promotional materials. We will supply you with an electronic copy of our logo which must be used in compliance with the grant conditions as outlined in your grant agreement.
Can I apply for ongoing support for my project at the expiration of the funding period?
There may be an option to renew support beyond the life of the initial grant period, following an extensive review process, but this is not guaranteed and is contingent upon a range of factors.
Can my organisation apply for more than one grant?
No, there can only be one (1) application per organisation per calendar year funding round; however, eligible universities, hospitals, and medical research institutions may submit one (1) application per department, up to a maximum of two (2) applications per organisation.
What areas constitute South East Queensland for the purposes of the funding round?
Areas within which a Greater Bank branch is located (Helensvale, Tweed Heads, and Robina).
Am I still eligible to apply for funding if I reside outside Australia?
No, we are only able to provide funding to organisations which are based within Australia and projects where activities take place in Australia.
What is a deductible gift recipient?
Deductible Gift Recipient (DGR) is a specific legal status that can only be used to describe organisations specifically endorsed by the Australian Taxation Office (ATO). Follow this link for a detailed explanation of a DGR - https://www.ato.gov.au/Non-profit/Gifts-and-fundraising/Tax-deductible-gifts/Deductible-gift-recipients-(DGR)/
Who do I contact for more information?
For more information contact Anne Long on (02) 4921 9671 or Kelly Gannon on (02) 4921 9736 or email email@example.com.