Deadline: May 30, 2025
Applications are open for the Alterna Financial Inclusion Granting Program 2025. Alterna is proud to offer the granting program annually to provide funding opportunities for registered charities, incorporated nonprofits, co-operatives without share capital, and unincorporated associations that positively impact communities.
Through Alterna’s Financial Inclusion Granting Program, organizations can apply for a grant for innovative initiatives that work to address issues of financial inclusion and/or financial education among underserved communities. Emphasis is placed on initiatives that offer opportunities for scale or replication to other communities and partnership with Alterna.
Grant
- Grant of up to $20,000 will be provided to support selected initiatives.
Eligibility
Alterna’s Financial Inclusion Granting Program supports:
- Registered charities
- Incorporated nonprofit organizations
- Co-operatives without share capital
- Unincorporated associations are eligible with the sponsorship of an eligible incorporated organization. A letter of support from the incorporated organization is required with the application. Cheque will be issued to the sponsoring incorporated organization. Sponsor organization must submit Articles of Incorporation, Letters Patent, or charitable status. 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.
Application
Completed applications are submitted to [email protected]. See Application Guidelines for detailed information on what to include in your organization’s application. A complete application will include the following information:
- Step 1. Letter of Inquiry: If your organization has an idea or program that you believe would be a good fit for the Financial Inclusion Granting Program, submit a maximum 2-page Letter of Inquiry (LOI) detailing the initiative.
- Step 2. Request for Proposal: Alterna’s Community Impact Department will review all LOIs 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 previously submitted LOI. In addition to expanding in detail on the content requested for the LOI submission, organizations will be asked to elaborate in the Proposal.
- Step 4. Application Review: Received Proposals will be reviewed by an internal Committee of Alterna employees. Proposals will be evaluated on several criteria including potential for replication or scale of the initiative, impact, and measurable results.
- Step 5. Grant Approval: Alterna will inform all applicants as to the status of their applications in advance of recipient announcements. Successful applicants will be announced throughout Financial Literacy Month in November on Alterna platforms.
Letter of Inquiry deadline: Friday, May 30, 2025, at 11:59 pm ET while the Proposal deadline: Monday, June 30, 2025, at 11:59 pm ET.
For more information, visit Alterna Financial Inclusion Granting Program.
