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Financial Literacy/Financial Inclusion Grant Program

Grants to Ontario Nonprofits to Address
Financial Literacy in Underserved Communities

Agency Type:

Foundation / Corporation

Funding Source:

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Alterna Savings

Deadline Date:

04/30/20 11:59 PM


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Grants of up to $40,000 to Ontario nonprofit organizations to address financial literacy and inclusion in underserved communities. Applicants must submit a letter of inquiry prior to applying. Eligible programs are those that place emphasis on initiatives that offer opportunities for replication and scale into other communities. Emphasis will also be placed on initiatives that offer broader opportunities for partnership with Alterna Savings Credit Union.

GrantWatch ID#:

GrantWatch ID#: 147607

Number of Grants:

1 or 2

Estimated Size of Grant:

The Financial Literacy/Financial Inclusion Grant Program will typically award grants of up to $40,000.

Additional Eligibility Criteria:

Alterna’s Financial Literacy /Financial Inclusion Grant Program supports:
-Registered Charities
-Incorporated non-profit organizations
-Co-operatives without share capital
-Unincorporated associations are eligible with the sponsorship of an eligible incorporated organization. Alterna will only issue cheques to incorporated groups.
-While membership in Alterna is not a requirement for grant funding, preference will be given to member organizations. Find out more about who your organization can benefit from membership at Alterna:

Alterna will not support:
-Initiatives that take place outside of Alterna Savings service area (Greater Toronto Area, Ottawa, Kingston, Pembroke, North Bay, Dryden, Fort Frances, Ignace, Rainy River, Sioux Lookout, Thunder Bay, Dutton, Wardsville, Thamesville, Peterborough)
-Groups that discriminate or restrict access based on things like race, colour, religion or creed, sexual orientation, gender identity or disability among others
-Political or fraternal organizations, Service Clubs, or third-party organizations that raise funds for charity
-Private (fee based) elementary or secondary schools
-Religious organizations, unless they are engaged in a significant project benefiting the entire community
-Endowment or memorial campaigns
-Conferences, events or golf tournaments
-Advertising or promotional campaigns
-Travel-related events, including student trips or tours
-The creation or repair of statues, monuments, art work or beautification projects
-The publication of books or movie productions
-Private foundations
-Sports teams (unless they are sponsored by a qualified donor)

Pre-Application Information:

Key Dates:
Letter of Inquiry Deadline: April 30th, 2020
Proposal Deadline: September 2020
Proposal Presentation: October 2020
Disbursal of Funds: November 2020

Please note that the disbursal of funds to successful candidates will be November 2020 and your program date should align with this.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Contact form:

Head Office
Alterna Savings Ottawa
319 McRae Avenue, 2nd Floor
Ottawa, ON K1Z 0B9

Corporate Office
Alterna Savings Toronto
2 Bloor Street East, 26th Floor
P.O. BOX # 73
Toronto, ON M4W 1A8

Toll-Free 1.877.560.0100
Toll-Free Fax 1.866.267.1064

URL for Full Text (RFP):

Geographic Focus:

Canada: Ontario;

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