Grants are to advance financial literacy in Australia. “Financial literacy is a combination of financial knowledge, skills, attitudes and behaviours necessary to make sound financial decisions, based on personal circumstances, to improve financial wellbeing.” – National Financial Literacy Strategy 2014-17
Who can apply
Expressions of Interest are invited from not-for-profit organisations including:
- community, consumer, investor or indigenous organisations
- education entities (eg schools, teacher associations)
- tertiary education and research institutions
- local government (eg libraries, community education programs)
Organisations not eligible for grants (unless there are exceptional circumstances):
- individuals or unincorporated associations
- organisations based outside Australia
- government departments or agencies (Commonwealth, state or territory)
- political parties or candidates
- commercial or for-profit organisations
- Australian Financial Services Licensees or their affiliates (eg foundations)
Proposals are welcome from not-for-profit organisations that have partnerships with (or funding from) commercial entities or their affiliated foundations.
We will not usually give grants for:
- programs or initiatives which cannot be assessed and reported
- capital expenditure or building expenses
- general operating expenses (ie grants are only for specific projects)
- general fundraising
- emergency requests or disaster relief
- projects which are primarily travel, study or attending conferences
- retrospective requests
- replacing government funding
- commercial or for-profit activities
- projects outside Australia
The minimum grant is $20,000.
There is no set maximum grant, and a grant may be spread over several years. However, to give an indication, we expect an initial grant of over $500,000 would be unusual. If you are thinking of applying for a large grant (over $50,000), you are welcome to contact the General Manager – Grants to discuss potential budgets.
In 2017, FLA expects to allocate about $1.5 million through the “open grants” process.
When assessing Expressions of Interest, we will be looking at their potential to be expanded into strong full applications. The evidence of your organisation’s capacity and the full plans will come later, in the full application.
In full applications (not Expressions of Interest), applicants will need to:
- demonstrate a gap or need in current educational programs or research that can be met by the proposed project
- have a plan for distributing the project deliverables to benefit the maximum number of people (given the scale of the project)
- have a realistic budget for the work to be undertaken
- demonstrate how progress will be managed by providing clear work plans and milestones
- show how the project will be evaluated in terms of its outcomes and lessons learnt
- demonstrate how the project will be sustainable when the funding is finished (if relevant)
- for pilot projects, identify how the model could be scaled up or adopted by others
- for research projects, demonstrate how the outcomes from the research can be practicably applied
We will also assess applications by their potential impact:
- building evidence that will help financial literacy practitioners to design projects that will achieve the maximum benefit
- a project that benefits a significant number of people
- a pilot project with the potential to be scaled up or to share the educational content
- a project in a difficult area, even if it reaches a modest number of people
- a project that is likely to inspire/assist others to undertake financial literacy projects
We expect organisations to share any material they develop, and to share evaluation findings publicly.