The NAB Foundation funding is focused on family and domestic violence as well as financial resilience initiatives.
Recipients this year include Luke Batty Foundation, The University of Melbourne, Two Good Co, Infoxchange, WIRE and the Sydney Children’s Hospital Foundation. Grants span over three years, with organisations each receiving up to $500,000 in funding.
For the first time since its establishment in 2008, NAB is supporting purpose-driven organisations and for-profit social enterprises to help them develop innovative ideas and build capacity to grow and have a greater impact.
“There is a growing movement of businesses focused on creating positive social and environmental change through their own operations, in Australia and around the world,” says Sasha Courville, NAB Head of Social Innovation.
“There are over 20,000 social enterprises operating and delivering positive social impact in Australian communities. These organisations often need a philanthropic grant to get started or to scale up their impact, but the significant cost and risks involved can deter businesses from making the investment.
NAB understands how strategic philanthropy can play a powerful role in shaping our social landscape. That’s why this year we have broadened its focus to include social enterprises and businesses that don’t have Deductible Gift Recipients status, but who do have a charitable purpose.”
The NAB Foundation has provided seed funding to The University of Melbourne to further develop, test and refine an evidence-based smartphone tool (e-Mate). e-Mate aims to raise awareness and encourage self-reflection for a man who may be using violence in their relationship before it escalates by providing resources, services and advice.
Social enterprise Two Good Co, has received seed funding to build capacity through a new digital platform. Two Good Co creates and delivers meals to victims of domestic violence, and provides employment pathways for victims of domestic violence.
Thrive grants have also been awarded to the Luke Batty Foundation to support their Ambassador Program, which will assist in educating and raising awareness around domestic violence; the Sydney Children’s Hospital Foundation in the area of Child Protection and Counselling Services (CPCS); Infoxchange’s Ask Izzy interactive mobile information tool, which will connect essential services for victims of domestic violence; and WIRE Women’s Information, which supports the education and resourcing of finance professionals to help women improve their financial capabilities.
NAB Chief Customer Officer of Consumer Banking and Wealth, Andrew Hagger, said supporting initiatives led by purpose-driven organisations and for-profit social enterprises adds a new meaning to the grant program.
“By extending the grants to a wider group of purpose-led organisations, the NAB Foundation can help support innovation in the philanthropic space, as well as continue to support established not-for-profits with their initiatives.”
For more information about the NAB Foundation, visit its website.