$50 million Up For Grabs to Help NFPs Drive Change
17 September 2018 at 4:21 pm
Not for profits have the chance to win one of five $10 million grants, with an Australian banking group making a $50 million philanthropic pledge hoping to kickstart social change.
The Macquarie Group announced its 50th Anniversary Award on Monday, and said $50 million would be distributed among five NFPs globally, over a five-year period.
Macquarie Group CEO, Nicholas Moore, said supporting communities had always been important to the group, and he was “delighted” to announce the new award.
“Our people have devoted thousands of hours to work with non-profit organisations around the world and contributed over $330 million to drive social change at the local community level,” Moore said.
“We are delighted to mark our 50th anniversary by extending this tradition with a further $50 million commitment to initiate or build on bold ideas which address areas of social need.”
The grant will be awarded to groups who present a project that showed lasting community benefit “with a defined approach to measuring its social impact”.
“The project should either be deliverable within a five-year period, with funding to be released according to an agreed project timeline, or demonstrate a strong sustainability model post funding period,” the Macquarie Group said.
Applicants must be a registered NFP in their applicable country, have a minimum annual revenue of $4 million, a board of directors, and audited financial statements.
Global head of the Macquarie Foundation, Lisa George, told Pro Bono News they would be very diligent in ensuring there was not a conflict of interest with any of the groups applying for the funds.
“We are very clear about wanting people to declare if they have any existing relationship with Macquarie, as a funder or if they’ve got staff involved, so that we can be very transparent to the judges whether there’s a link or not,” George said.
Macquarie Group Foundation chair Shemara Wikramanayake added it was important NFPs were creative when they applied for the funding.
“We encourage non-profits to be imaginative in their thinking about the enduring outcomes they can achieve with this funding,” Wikramanayake said.
Applications opened on Monday, and close in mid-November, with winners announced in May 2019.
I am an English as Second Language teacher who is desperately poor having to work full time on my ex foster sons home program developing his communication and independent living skills and social skills as this darling twenty four year old has autism and not one friend in this world.the NDIS will only employ people on his home program who are unqualified.So there are NO outcomes for my ex foster son a huge waste of money by the NDIS. I need to apply for funding as he IS achieving with me-documented!!!!!HELP !!!!!!NDIS have declared me family and say there is a conflict of interest if I get paid for teaching him-The ONLY person who CAN teach him social communication and social skills. I dont want to be rich just survive and help this young man to reach his potential,talk,make friends and be as independent as possible .The people in day programs are NOT trained to develop their talking AND neither were the teachers in Special ED. when these young people were at school.Migrants had their languge skills developed but NOT the students in Special Education.POST School the TRADEGY continues. PLEASE HELP. I can then help OTHER young people with autism-first this one .