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Grants to Ontario Registered Charities, Nonprofits, and Cooperatives to Improve Financial Literacy in Underserved Communities

Financial Inclusion Grant Program

GrantWatch ID# 147607
Agency: Foundation

Funding Source
Alterna Savings
Array ( )

Geographic Focus

Important Dates
LOI Date: 05/31/22
Deadline: 09/10/22 11:59 PM

Grant Description
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.

Pre-Application Information
Key Dates
- Letter of Inquiry Deadline: May 31, 2022
- Proposal Deadline: September 10, 2022

Application Process:
- 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.

Contact Information
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

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