Through the NAB Foundation, they support social impact in a number of ways. They offer grants, support advocacy and communication activities, provide capacity building, skilled volunteering and mentoring support, and look for impact investment opportunities that deliver both a financial return and positive social outcomes.
The impact investment market is an evolving one and they believe this is an innovative way to support financially sustainable initiatives that address social issues. Measuring outcomes is also a priority for them. We want to work with community organisations that seek to measure their outcomes and understand how they’re making a difference.
2017 GRANT APPLICATIONS
The NAB Foundation’s strategic focus has evolved this year to better support organisations to be more socially innovative – enabling them to explore and promote new or different ways of solving long-term societal problems. They’re pleased to announce the new format of the NAB Foundation Grants program for this year.
They will offer longer term grants of up to three years and there will be two grant categories available:
Domestic & Family Violence Support Grant
The Domestic & Family Violence Support Grant which aims to support work in prevention, early intervention and improvement in support to victims by supporting initiatives that include but are not limited to those that:
- Focus on preventing violence including the cultivation of respectful relationships or considers cultural requirements within certain communities
- Aim to stop the cycle of violence within families and communities through focus on intergenerational change
- Are innovative in approach to early intervention focused on people who are at-risk of becoming perpetrators of domestic and family violence
- Enable greater collaboration between service groups to improve access and delivery of support services to victims
- Focus on technology solutions to facilitate the safe and secure access to information and support as well as the use of data to improve support of victims
Financial Shocks Support Grant
The Financial Shocks Support Grant which aims to support work in helping Australians build financial resilience to prepare for and weather financial shocks to prevent long-term financial damage. This grant will consider initiatives that include, but are not limited to those that:
- Focus on designing, testing or launching of innovative products, services or programs that support positive financial behaviour
- Support the use of data and data analytics to provide insights that will positively influence financial behaviour or help stop Australians falling into financial hardship
- Focus on new or different solutions and harnesses the transformative power of technology
- Focuses on new or different learning delivery tools and mechanisms for increasing financial literacy that is identified as a gap in this area
There will be two grant types on offer this year with grant amounts to start from $50,000 pa to $500,000 (paid up to a three year period):
- The Thrive grant to help organisations become sustainable, scale or collaborate and move to their next stage of growth; and;
- The Seed grant to support the seeding of innovative ideas or help organisations get started through supporting core operations and capacity building.
Another significant change this year is that the NAB Foundation is now able to grant to charities and social enterprises as long as the program, project, initiative, or organisation that is applying for a grant has a charitable purpose. An organisation can be but does not need to have Deductible Gift Recipient (DGR) status to be eligible to apply.
Applications are open on Monday, 27 March and will close at 5pm on Friday, 21 April 2017.
For more information (source) see >>> NAB Foundation