NFP Winners of 2018 Social Investment Grants Revealed
14 August 2018 at 4:18 pm
Eight innovative not-for-profit projects across Australia have won a share of $300,000, after being announced as recipients of Community Sector Banking’s 2018 Social Investment Grants.
CSB on Tuesday revealed the winners of their annual grants program, which had a theme this year of building resilience and capability in people experiencing homelessness or domestic abuse.
Bruce Argyle, chair of the independent Social Investment Grants Committee, said: “We were especially impressed this year by the level of innovation we saw in approaches to address domestic abuse and homelessness.
“The recipients push the bar, with interventions that consider people’s needs into the future, providing supports that empower them to improve their situations for good.”
This year’s winners included projects by 3Bridges Community, Crepes for Change, and Hobart City Mission – with these organisations each receiving $50,000.
The Social Investment Grants Program is funded through CSB, contributing 50 per cent net profit earned on all their social investment deposit accounts.
Account holders with CSB can also choose to contribute to the grants, by donating 50 or 100 per cent of the interest earned on their account.
CSB select the grants’ theme each year by assessing need and determining the areas they believe will generate the most impact.
Andrew Cairns, the CEO of CSB said: “Community Sector Banking is providing more grant funding to not for profits than ever before, thanks to the impressive growth of our Social Investment Grants Program – which was created to deliver sustainable support to the sector.
“It’s a great example of how people can strengthen their local communities just through doing their everyday banking. Since 2014, our grants have invested $850,000 in not-for-profit programs working to do just that.”
The full list 2018 Social Investment Grants winners can be viewed here.