Media Release

BankSA Foundation has opened its latest funding round to support small charitable organisations to make a big impact in the community.

Applications are now being accepted for BankSA Foundation Community Grants of up to $50,000 each, which will be awarded to eligible community organisations in South Australia or the Northern Territory that work to provide a brighter future for socially, economically or physically disadvantaged people.

This is the second Community Grant round offered in 2018 and is in addition to the Foundation’s inaugural multi-year funding grant of $170,000 for one charity over the next three years, announced earlier this year, which will be awarded next month.

BankSA Foundation has built up a proud history of charitable and community support since 1941 when bank staff first agreed to donate part of their wages to send comfort parcels to colleagues serving in the armed forces.
BankSA Chief Executive Nick Reade said in its 77 years, BankSA Foundation has donated $9 million to local organisations, including $270,000 to nine organisations in 2017.

“In the past year alone, the BankSA Foundation has supported local programs to help young people remove the stigma around mental health and reach out for help; extended free professional counselling services to families facing the unimaginable loss of a child; and provided funding to help grand carers and kinship carers raising their grandchildren” he said.

“Driven by employee giving, our contribution to the South Australian community over the years has been significant, and I encourage community organisations to visit our website and consider applying for the latest funding grant available.”

To be eligible for a BankSA Foundation Community Grant, an organisation must:

• Be located and focus its efforts in South Australia or Northern Territory;
• Have a gross annual revenue of less than $5 million;
• Receive less than 60% of its income from recurrent state, federal or local government funding (unless it receives an income less than $1 million per annum, in which case government funding can exceed 60%); and
• Be endorsed as a deductible gift recipient (but not another ancillary fund). Deductible Gift Recipients must be listed with the Australian Taxation Office under Item 1 of the Table in Section 30-15 of the Income Tax Assessment Act, 1936.

Applications close 28 September, 2018. Further eligibility criteria and information on applying can be found at www.banksa.com.au/foundation