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Major bank launches financial wellbeing grants

by Annie Kane4 minute read
Major bank launches financial wellbeing grants

A big four bank is offering grants of up to $30,000 available for charitable organisations around Australia to fund projects aiming to advance financial wellbeing and housing, among other projects.

ANZ has opened applications for its $250,000 Community Foundation program.

The foundation is offering $30,000 grants to community organisations for projects that improve:

  • Financial wellbeing: particularly for “under-represented and disadvantaged” people in the community, including initiatives that improve economic participation. For example, building financial literacy and vocational skills and providing access to meaningful work;
  • Housing access: Through initiatives and programs that support those experiencing, or at risk of, homelessness or that provide support for people living with disability;
  • Environmental sustainability: through initiatives that “restore and conserve the natural environment” or which contribute to water stewardship, lower carbon emissions and waste minimisation; or
  • Other community projects that “assist local communities to thrive”.

The chair of the ANZ Community Foundation, Sarah Stubbings, commented: “It’s fantastic to see ANZ staff contributing some of their pay each week to make a difference to the lives of people and communities across the country, particularly following a really difficult year. 

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“We are pleased to support the charitable sector every year. However, it has never been more important for some of these organisations with restrictions on fundraising events, volunteering drives and in-person programs really limiting the amount of money raised over the past year,” Ms Stubbings said. 

Applications are open until 1 April, with a National Advisory Board and State Committees comprising ANZ employees to decide the granting rounds each year. The foundation is jointly funded by workplace giving donations and ANZ double-matching employee contributions.

In 2020, ANZ granted a total of $250,000 to 16 community organisations.

Since the program began in 1988, more than 880 grants valued at $5.6 million have been distributed.

[Related: Non-major sponsors financial wellness research]

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Annie Kane

Annie Kane

AUTHOR

Annie Kane is the editor of The Adviser and Mortgage Business.

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