Community Grants

Grants

Alterna currently has 2 granting programs, our Community Grants Program which is focused on initiatives where a small amount can make a big difference and our Financial Literacy / Financial Inclusion Grant Program which is focused on supporting initiatives that aim to increase the financial health of marginalized and underserved communities.








Community Grants Program Expand/Collapse

Alterna’s Community Grants program provides grants of up to $1,000 to initiatives where a small amount of money can have a significant impact in the communities we serve.

Eligibility

Alterna’s Community Grants 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. Click Here to 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)
  • 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 donee)

Application Process

Completed applications can be submitted to communitygrants@alterna.ca. A complete application will include:
  • Completed application form
  • Proof of charitable status, copy of Articles or Incorporation or Letters Patent
  • Letters of recommendation (optional)
  • For unincorporated associations a letter of support from an incorporated non-profit organization is required.  Cheques will not be issued to unincorporated groups.
2017 Grant Application Form

Application Deadline

The next application deadline is midnight on March 31st, 2017. Funds will disburse in June.

Past Recipients

Financial Literacy / Financial Inclusion Grant Program Expand/Collapse

The Financial Literacy/Financial Inclusion Grant Program will typically award grants of up to $40,000 to 1 or 2 organizations annually. Through this program we are looking to identify innovative programs that will work to address issues of Financial Literacy and Financial Inclusion among underserved communities. Particular emphasis will be placed on initiatives 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.

Eligibility

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. Click Here to find out more about who your organization can benefit from membership at Alterna.

Application Process

Step 1. Letter of Inquiry

If you have an idea that you think would be a good fit for the Financial Literacy / 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.

Key Dates

Letter of Inquiry Deadline: March 31st
Proposal Deadline: June 30th

Past Recipients

Causeway Work Centre - Causeway Community Finance Fund (CCFF). Alterna supported the establishment of the Causeway Community Finance Fund’s payday loan alternative program. The program aims to provide small, short-term loans at fair and reasonable rates to individuals who are looking to break free from the often burdensome cycle of payday lending. In addition to a $25,000 grant, Alterna will be providing in-kind supports for loan administration and monitoring.