The FMAS Trampoline Fund supports nonprofit programmes and initiatives that address the longer-term needs of vulnerable people in Singapore, to provide a “trampoline” for these groups in uncertain times.
Eligibility Criteria
- Nonprofits registered in Singapore as a Society, CLG, Charitable Trust or Co-operative.
- For individuals or groups of individuals: The applicant must be residing in Singapore and 18 years old and above.
- The proposed initiative addresses longer-term needs of vulnerable groups in Singapore, beyond the current crisis, in the domains of education, employment and community.
The name of this fund was inspired by Senior Minister Tharman Shanmugaratnam and we want to provide a trampoline for people to bounce back.
- The COVID-19 pandemic has had a tremendous impact on lives and livelihoods.
- It is imperative that we look ahead to support vulnerable and the disadvantaged in society beyond the crisis.
- The FMAS Trampoline Fund is structured to support initiatives that creates sustainable and lasting change in society to allow the disadvantaged to bounce back and emerge stronger out of this crisis.
2023 GRANT CALL IS NOW CLOSED.
Financial Markets Association of Singapore Presents
FMAS Trampoline Charity Golf & Gala Dinner 2022
Unlike GFC 2008 that was hitting mostly on the financial markets, this pandemic is hitting the world across. Each and every one of us has a unique situation and we are doing what we can to navigate our families through. The financial markets community should stand up and act as a stronghold to help the less fortunate amid the upcoming uncertainties.
For more details, click the button below
Curious Thoughts
Greenhouse
Image Mission
“The greatest threat to our planet is the belief that someone else will save it”
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This is a famous quote by Robert Swan regarding the environment. The imminent situation is the same for those who have been hit by COVID-19 directly, and indirectly. Started with a coronavirus, it has led to economic, financial and social suffering.
We take no chances in assuming that there is enough help. We are all out to galvanise the financial markets community and help the need with the creation of the FMAS Trampoline Fund.
Grant Panel
Overseeing the grant approval process is our distinguished grant committee:
Mr Jacky Tai
Chairperson of FMAS Charity Golf 2023 Organising Committee
Mr Leng Hoe Lon
EXCO Member, FMAS
Ms Eileen Chia
EXCO Member, FMAS
Ms Sabrina Tan
EXCO Member, FMAS
Mr Kenneth Kan
EXCO Member, FMAS and Board Member, The Majurity Trust
Mr Martin Tan
CEO, The Majurity Trust
Who are we raising funds for
In partnership with The Majurity Trust
The FMAS Trampoline Fund complements and strengthens existing funding support to non-profits who are stepping up to address longer-term needs in Singapore that will emerge post-COVID.
We have partnered The Majurity Trust (TMT), an IPC philanthropic organisation to assist FMAS in administering the FMAS Trampoline Fund.
In 2020, TMT’s Singapore Strong Fund (SG Strong Fund) had supported more than 100 charities amid the COVID-19 crisis.
About The Majurity Trust >
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Frequently Asked Questions
1 Who is eligible for the FMAS Trampoline Fund?
A Not-for-Profit entity registered as:
a) A Society under the Registry of Societies (ROS); or
b) A Company Limited by Guarantee (CLG) under the Accounting and Corporate Regulatory Authority (ACRA); or
c) A Charitable Trust; or
d) Co-Operative registered with the Registry of Co-operative Societies
2 How will the FMAS Trampoline Funds be administered?
a) Applicants are required to complete the FMAS Trampoline Fund Application Form to provide information on the project objectives, milestones and implementation plan.
b) The FMAS Trampoline Fund panel consisting of representatives from FMAS and The Majurity Trust will evaluate the proposals taking into consideration the alignment to the Fund’s objectives, clarity of the programme objectives and its implementation feasibility.
c) If the application is approved, applicants may receive grant funding of 80% of project costs, up to a cap of $50,000.
3 When is the fund application period?
The application period is from 1 July to 15 August 2022.
4 Where can I find the FMAS Trampoline Fund Application Form?
Please submit a grant enquiry via this webpage and we will follow up with you on the application details.
5 When will the application outcome be known?
Applicants will be informed of the outcome within 2 months from the end of grant call.
6 What are the types of projects that will be supported?
The Fund supports projects and initiatives that address longer-term needs of vulnerable groups in Singapore, beyond the current crisis. In particular, the fund seeks to support charities and nonprofits in the following domains:
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Education: working with children and youth to build key academic and interpersonal skills;
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Employment: helping those from disadvantaged backgrounds find better jobs and build careers;
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Community: improving our collective well-being, and communal ability to support families who are striving to do better.
7 What are the conditions of the grant?
a) The programme should commence within 3 months from the approval date.
b) Organisations are required to submit a short quarterly output report, and an impact report upon completion of the project.
8 What expenses can be supported under the Fund?
a) The grant can be used for programme related costs such as internal manpower, venue, transport, material and logistics costs.
b) The grant should not be given out as cash or vouchers to beneficiaries.
9 How much funding is provided?
Successful applicants can receive grant funding of 80% of project costs, up to a cap of $50,000
10 How will the funding be disbursed?
The grant will be disbursed in 2 to 3 tranches based on the project milestones.
11 What is the role of The Majurity Trust?
TMT is the fund administrator for the FMAS Trampoline Fund. We are assisting FMAS to set up and manage the grant disbursement process.
12 Will my donations to the FMAS Trampoline Fund qualify for Tax Deduction?
Yes. As TMT is an IPC organisation, your donations will qualify for 2.5 times tax deduction.
13 What happens to funds that are not disbursed?
Unutilised funds will be donated to a non-profit organisation decided by the grant panel at the end of the fund cycle.
Frequently Asked Questions
1 What are the key dates to take note of?
Application Period: 3 April 2023 to 5 May 2023
Clarification Timeline: 8 May 2023 to 9 June 2023
Application Outcome: End July 2023
2 How will the organisations and proposals be evaluated?
Organisations will be evaluated on the understanding and identification of market gap, uniqueness of proposed solution, innovativeness and scalability of solutions, the organisation’s ability to execute the proposed proposal as well as financial and social risks, and how the proposal will benefit the wider community.
3 How much funding is provided?
Successful applicants can receive a grant to fund up to 80% of project costs, capped at $50,000.
4 Are there restrictions on how the funds can be used?
The grant can be used for programme related costs such as internal manpower (related to initiative), venue, transport, material and logistics costs.
5 What are the conditions of the grant?
Grantees are required to submit:
- Half-yearly output reports (by 15 Jan / 15 Jul); and
- An impact report upon completion of the project.
Outputs and outcomes will be worked together with TMT after successfully receiving the grant.
6 How will the funding be disbursed?
The grant will be disbursed in tranches, based on the submission of the above-mentioned project milestone reports.
7 Can I submit more than 1 application to the FMAS Trampoline Fund?
Only one application is allowed per organisation per grant call.