Singapore’s First Recyclable Grant – Propelling Promising Charities
The Maybank Momentum Grant helps propel promising charities forward to transform their operations during difficult times and to build the right momentum to thrive.
- 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
The 2024 Grant call is now OPEN.
Please email email@example.com to submit a 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.
What is the Maybank Momentum 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.
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.