Grant for Good 2024

The Grant for Good is an annual $20,000 community grant to provide help to projects, organisations and initiatives that promote social inclusion activities, health and wellbeing, sports and other fields that benefit our communities.

To apply, we’ll need to know a few details about your organisation, including its impact on local communities and the disadvantaged, what you’ll do with the grant and who’ll benefit. Applications close on 10^th June 2024 and three finalists will be chosen, with the winner receiving the full grant by September 2024.

Congratulations to all our previous winners! The grants awarded have helped each organisation provide a direct and positive impact within the community.

Guidelines

Bank of Sydney Grant for Good Guidelines

To qualify or to be considered for the Grant for Good, every application will need to observe the following guiding principles:

A. Eligibility Criteria

• Applicants must be registered with the ACNC (Australian charities and Not-for-Profits Commission).
• The organisation has an Income Tax Exempt Charity (ITEC) Status and Deductible Gift Recipient (DGR) Item 1 status.
• Efforts should be focused towards helping/directly benefiting local communities/groups and the disadvantaged.
• The organisation must receive less than 40% of their income from state, federal or local government funding.
• The organisation must have an annual gross revenue of less than $2M.
• Applicants must provide their most recent financial statements and Annual Information Statement as submitted to the ACNC.
   

B. Organisations excluded from applying:

• Organisations and initiatives with direct links to tobacco or alcohol, negative impacts on health or the environment, or associated with risk-taking activities.
• Initiatives that impact the environment negatively.
• Organisations and initiatives that support political causes, candidates, events, legislative lobbying or advocacy.
• Organisations and initiatives supported by conflicting sponsors/significant competitors.
• Organisations and initiatives that are inconsistent with Bank of Sydney’s values and policies.
• Organisations and initiatives that expose Bank of Sydney to reputation or financial risks.
• Organisations and initiatives that conflict with our corporate and/or community Partners.
• Anything else that Bank of Sydney considers inappropriate or not aligned with its business objectives and values.
   

C. Additional information, Terms and Conditions

• Bank of Sydney Grant will be given on an annual basis to one successful Applicant.
• Successful Applicants are entitled to re-apply for the Grant for up to three consecutive years.
• Bank of Sydney may stop this Community Grant as deemed appropriate and without any prior notice.
• The Grant will be paid upon the announcement of the successful Applicant.
• Successful Applicant agrees that Bank of Sydney can use their logo/name in marketing activities and promotion related to the Grant. (Such as: Announcement, Social Media Posts, etc.)
• Bank of Sydney may be unable to provide feedback on individual applications. Only finalists will be contacted.
• Successful Applicant will be announced and posted on Bank of Sydney’s website.
• Successful Applicant must not engage in any activity that could negatively impact Bank of Sydney and/or its reputation or business.

D. Assessment Process

All applications will undergo an internal assessment process to ensure they meet all Grant for Good guidelines and eligibility criteria. A legal and financial due diligence check will be conducted for the final selection of eligible applications. Please note that applications will be considered on a case by case basis. A committee will be in charge of assessing the applications and nominate three finalists.  Finalists will be asked to submit a video to provide further information about the work they do to help with the final selection process. The committee will then re-assess the finalist’s videos against the assessment criteria to make a final decision on the Successful Applicant.

Assessment Criteria:

• The purpose and objectives of the Applicant’s initiative/organisation.
• The plan for what the Applicant’s initiative/organisation will do with the grant.
• The impact on local communities and the disadvantaged, including the number of individuals/groups who will benefit from it.
• Brand alignment with Bank of Sydney’s values and vision.
   

E. Timeframe

Applications will open on the 22nd of April 2024 and close on the 10th June 2024. Finalists will be notified via email within 6 weeks of the application’s closure and will be required to submit a short video within 2 weeks for final selection. The Successful Applicant will be announced by the 16th of September 2024 and contacted by email or by phone. An announcement will also be made on Bank of Sydney’s website and social media platforms. Bank of Sydney may require more information from the successful Applicant.