Up to $500,000 is available to boost financial literacy programs and research in Australia.
Overview
The Financial Literacy Australia (FLA) Grants program supports not-for-profit organisations to advance financial literacy in Australia.
Background
Financial Literacy Australia Limited (FLA) is a not-for-profit organisation founded in 2012 by members of the government’s Financial Literacy Board. Its mission is to advance financial literacy in Australia.
From 2012 to 2014, FLA also co-ordinated the national consumer awareness campaign MoneySmart Week to promote the importance of financial literacy.
More broadly, FLA encourages co-operation between corporate, government, community and education sectors within the financial literacy community. FLA helps to advance the National Financial Literacy Strategy.
Funding
The minimum grant is $10,000. There is no set maximum, and a grant may be spread over several years. However, to give an indication, FLA expect a grant of over $500,000 would be highly unusual. If you are thinking of applying for a large grant (over $50,000), FLA encourage you to talk to the General Manager-Grants about potential budgets.
Eligible Projects
Financial Literacy Australia Limited (FLA) grants are for projects that show clear potential to advance financial literacy in Australia.
FLA seek proposals that:
- work to improve the financial literacy and money skills of Australians
- provide practical materials that will advance financial literacy
- expand the body of knowledge around financial literacy
Priority areas for 2016 are:
- investment and/or superannuation
- practical money management skills
- women
- indigenous communities
- independent evaluation
- small business
The kinds of projects that could be funded include:
- program innovation (e.g. pilots)
- program evaluation (eg program improvement, outcome assessment)
- scaling up existing programs (e.g. after evaluation, to reach a larger audience)
- product development (e.g learning modules, content, testing of educational products)
- research (e.g. key issues in behavioural change, effective communication)
Eligible Applicants
Expressions of Interest are invited from not-for-profit organisations including:
- community, consumer, investor or indigenous organisations
- education entities (eg schools, teacher associations)
- tertiary education and research institutions
- local government (eg libraries, community education programs)
Organisations not eligible for grants (unless there are exceptional circumstances):
- individuals or unincorporated associations
- organisations based outside Australia
- government departments or agencies (Commonwealth, state or territory)
- political parties or candidates
- commercial or for-profit organisations
- Australian Financial Services Licensees or their affiliates (eg foundations)
Proposals are welcome from not-for-profit organisations that have partnerships with (or funding from) commercial entities or their affiliated foundations.
Timing
Expressions of Interest close 30 May 2016.
More Information
- Source
- FLA Eligibility and Selection Criteria
- FLA FAQs