Grants of up to $40,000 to Ontario registered charities, nonprofit organizations, and cooperatives to address financial literacy and inclusion in underserved communities. Applicants must submit a letter of inquiry prior to submitting a full proposal. Special attention will be given to proposals that offer opportunities for scale and/or replication to other communities. Emphasis will also be placed on initiatives that offer broader opportunities for partnership with the Credit Union.
Others (see text field entitled "Additional Eligibility Criteria" for clarification)
Additional Criteria for Eligibility
Alterna’s 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.
- Letter of Inquiry Deadline: May 31, 2022
- Proposal Deadline: September 10, 2022
- Step 1. Letter of Inquiry. If you have an idea that you think would be a good fit for the Financial Inclusion Grant Program please submit a maximum 2-page Letter of Inquiry detailing your initiative.
- Step 2. Request for Proposal. Alterna will review all letters of inquiry and invite a limited number of organizations to submit full proposals for funding.
- Step 3. Proposal Submission, Alterna will only consider proposals from organizations that have been invited to submit a full proposal based on their letter of inquiry.
- Step 4. Application Review. Received proposals will be reviewed by an internal committee of Alterna staff. Proposals will be evaluated on a number of criteria including potential for replication or scale of the initiative, impact, measurable results.
- Step 5. Grant Approval. Alterna will inform all applications as to the status of their application. Successful applications will be announced on Alterna website and social media.
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.