Acorn Foundation’s funding round open
The Acorn Foundation’s 2020 preliminary funding round is currently open for applications.
This funding will no doubt be vital for many local organisations as it will assist with their numerous business as usual expenses, says the foundation.
“Simply keeping the lights on costs money, and with the current shortfall of funding due to COVID-19, we are expecting a large number of applications this year,” says Acorn Foundation general manager Lori Luke.
Last year, the Acorn Foundation distributed more than $1.1 million dollars to Western Bay of Plenty community organisations as part of their annual distributions.
Due to Acorn’s Smarter Giving Model, which allows donations to grow over time as funds are pooled and invested in perpetuity, the foundation is set to deliver their largest distribution to date in August this year.
Donors to the Acorn Foundation can either select the organisation they wish to support or allow the Acorn Foundation’s Distributions Committee to determine local recipients based on applications each year.
This untagged pool of funding will be available in the current funding round.
“Acorn Foundation distributions are vital. Acorn understands that the work we do in the community cannot be achieved without the back office functions of record keeping, reporting, administration and they are happy for their funds to be utilised in these areas,” says Wendy Robertson, the programmes and event support manager for Blue Light.
The Acorn Foundation has also recently partnered with TECT, Tauranga City Council and BayTrust to create the Rapid Response Fund, which is currently delivering $600,000 to local organisations to support their increased demand or funding shortfall as a direct result of COVID-19.
Applications close May 25 at 5pm.
To apply for 2020 business as usual funding visithttps://www.acornfoundation.org.nz/funding/application-information
For locals interested in helping with the on-going COVID-19 response, there is an online portal for contributions at www.acornfoundation.org.nz/ways-to-give/donate/donate-now.