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Singapore’s First Recyclable Grant – Propelling Promising Charities

The Maybank Momentum Grant will help propel promising charities forward to transform their operations during difficult times and to build the right momentum to thrive.


Eligibility Criteria

  • Charities and nonprofits in the social and welfare sector with local-based operations
  • Maximum of $3 million in annual TOE (Total Operating Expenditure) – raised from $2 million in previous grant calls
  • Less than 1 year of cash reserves
  • Have plans to transform the organisation to scale impact
Submit Grant Enquiry

A New Reality

Uncertain and Challenging Times

The Maybank Momentum Grant seeks to propel promising charities forward by investing in the transformation of their operations so that they can run sustainably, and to build the right momentum to thrive.

Post-pandemic recovery has been challenging for all businesses, and charities are struck especially hard. 

Charities, like businesses, require capital to invest in organisational growth. However, funding in the sector is primarily restricted towards programmes rather than manpower.

In such environments, smaller charities struggle the most as they typically operate with lean in-house capabilities and small reserves. Their leaders face an uphill battle in the post-pandemic business environment of employee burnout, and donor and volunteer fatigue.

The Maybank Momentum Grant is designed to provide flexible funding, so that smaller charities can invest in their teams, thereby extending their bandwidth to focus on long-term strategic plans.

What is the Maybank Momentum Grant

maybank

RECYCLABLE GRANT

Maybank Momentum Grant will help small charities (including non-IPC charities) tide through the medium-term by providing a interest-free recyclable grant equivalent to 4 months of operating expenditure capped at $150,000.

By recycling the grant, it enables TMT to channel support to more charities in need, multiplying the impact of the fund.

CAPACITY BUILDING

Besides capital support, it will also provide initial capability building for charities to kickstart their transformation efforts.

We will do this through strategy masterclasses and 1-1 consultation sessions to help charities serve better, and build stronger sustainability.

MAYBANK COMMUNITY PACKAGE

Grantees will be offered a set of comprehensive SME banking solutions that consist of a current account with preferential time-deposit interest rate and a suite of digital solutions from the SME Start Digital programme that Maybank will subsidise.

Grant Panel

Overseeing the grant approval process is our distinguished grant committee:

Eugene-Seow

Mr Eugene Seow

Board Member, The Majurity Trust

Dr John Lee

Dr John Lee

Country CEO and CEO Maybank Singapore

Ms Melissa Kwee

Ms Melissa Kwee

Former CEO, National Volunteer and Philanthropy Centre

Hear From Our Grantee Partners

Engineering Good

A non-profit organisation that empowers disadvantaged communities through humanitarian engineering.

The Greenhouse

A substance addiction recovery centre for marginalised communities that find it hard to seek help out of shame or fear of discrimination.

Limitless

A non-profit organization founded with the desire to see every youth given the opportunity to live out their potential.

Application process

Grant call will run from 1 February - 31 March 2023

STEP 1

Submit a grant enquiry below. Our team will follow up with you to determine your organisation’s eligibility for the Maybank Momentum Grant.

STEP 2

Invited applicants are required to submit the Maybank Momentum Grant (MMG) Application Form to provide key information on your organisation and forward plans. Our team will contact you with further clarifications to your application where required.

STEP 3

The grant panel made up of representatives from Maybank, TMT and experts in the charity sector will evaluate the grant proposals.

STEP 4

If approved, applicants will receive up to 4 months of operating expenditure or capped at $150,000, whichever is lower.

Submit Grant Enquiry

Grantee Partners

Grantee Partner Logos_Bluestar- - Limitless
Ray Of Hope

Frequently Asked Questions

1 Who is eligible?

Charities in the social and welfare sector with a maximum of $3 million in annual Total Operating Expenditure (TOE) and with less than 1 year of cash reserves are eligible to apply.

2 What is a recyclable grant?

This Recyclable Grant is designed as a pay-it-forward model where grantee partners are highly encouraged to return the grant back to The Majurity Trust for the purpose of future grant giving to other charities.

3 What can the grant be used for?

The grant use is flexible and depends on the charities’ organisational and programme needs. However, it must align with and support the charities’ plan to transform and scale impact. The grant cannot be used to repay existing loans or given out in cash or vouchers to beneficiaries.

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MAYBANK MOMENTUM — GRANT ENQUIRY

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