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Commonwealth Bank Provides $5 million for Flood Affected Community Groups


Friday, 4th February 2011 at 11:53 am
Staff Reporter
In the wake of criticism from the Community Council of Australia that Not for Profit organisations are being unfairly excluded from flood relief grants, the Commonwealth Bank has announced a $5 million package aimed at assisting flood affected Not for Profit community groups.

Friday, 4th February 2011
at 11:53 am
Staff Reporter


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Commonwealth Bank Provides $5 million for Flood Affected Community Groups
Friday, 4th February 2011 at 11:53 am

In the wake of criticism from the Community Council of Australia that Not for Profit organisations are being unfairly excluded from flood relief grants, the Commonwealth Bank has announced a $5 million package aimed at assisting flood affected Not for Profit community groups.

The Commonwealth Bank is now calling for applications for their $5 million Commonwealth Bank Community Group Flood Assistance Grants Program.

The grant applications are part of a flood assistance package released by the Bank this week, and will be distributed among Not for Profit community groups who have suffered damage or loss as a result of the recent floods, which have affected most States and Territories across Australia.

Commonwealth Bank CEO Ralph Norris says they fully understand the impact that these floods have had on the backbone of many communities – and their effect on the community groups made up of volunteers and others who work tirelessly to make a community tick.

Norris says it is for this reason that the Commonwealth Bank has established a $5 million grants program aimed at directly assisting those groups that communities will depend on to re-establish themselves.

The Bank says the grants are open to the broadest definition of community groups – DGR status is not required, they just need to be a community group constituted in an appropriate way.
 
Individual grants of up to $20,000 will be made available to successful applicants.

Applications are now open and close on 11 March 2011.

Details on how community groups can apply are available at: commbank.com.au/floodassistance and through their branch network.

The Commonwealth Bank says the Commonwealth Bank Community Group Flood Assistance Grants Program is just one part of the Bank’s flood assistance initiative for customers and the community – which totals over $57 million. 



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