$2 Mil on Offer to Youth Not for Profits
3 February 2015 at 9:53 am
The Commonwealth Bank is inviting organisations that support the health and wellbeing of Australian youth to apply for a share of $2 million worth of community funding.
The Community Grants program is an annual initiative of the Commonwealth Bank Staff Community Fund, which is Australia’s longest running employee contribution program.
The Fund is this year investing $2 million in local communities across Australia by awarding hundreds of individual grants, each worth up to $10,000.
Almost 13,000 current and retired staff contribute to the Fund, which has awarded $9.7 million in grants since the Community Grants program launched in 2007.
“Our annual Community Grants program, now in its ninth year, has allowed more than 1,200 community organisations to help kids across the nation,” Catherine Fitzpatrick, Acting General Manager of Corporate Responsibility at the Commonwealth Bank said.
“Young Australians will shape our future, so it’s important we help support and nurture their health and wellbeing.
“Our grants are made possible by almost 13,000 of our staff donating a little from each pay to the Fund. We look forward to receiving this year’s applications and encourage eligible organisations across the country to apply.”
To be eligible for a 2015 Community Grant, organisations must support the health and wellbeing of Australians up to the age of 21 years and be endorsed by the Australian Tax Office with Deductible Gift Recipient (DGR) status.
Administrative costs for the Fund are met by the Bank, which matches contributions made by staff dollar-for-dollar. The Fund currently supports various causes that work with Australian children including the Community Grants program, Midnight Basketball and the Clown Doctors.
Applications close at 5.00 pm AEDT on Friday 27 February 2015. To apply for a grant or for more information, visit commbank.com.au/grants.