Aspire Coronation Trust Foundation (ACT)one of Africa’s leading grant-making bodies, has announced the opening of its annual grant cycle for deserving nonprofit organizations and social enterprises based on the Foundation’s long-standing commitment to foster of lasting impact across Africa.
Funding applications are open from 17th October 2022 until the deadline of 11th November 2022 at 11:59 pm (WAT). Successful applicants and grant awards will be announced in the first quarter of 2023.
To learn more about funding opportunities and eligibility criteria, please visit https://actrustfoundation.org/grants.php.
For the 2023 grant cycle, the ACT Foundation will welcome advanced, next-generation social entrepreneurs and community leaders to build ventures that create impactful and scalable innovations within the Foundation’s key focus areas – Health, Entrepreneurship, Environment, and Leadership. Ideal applicants must demonstrate a proven track record of innovation, entrepreneurship, and leadership in their community.
Successful applicants will be invited to submit a full proposal with a detailed grant budget. After a thorough review by independent consultants and the final selection of proposals, organizations will be formally notified of next steps.
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“Now more than ever, the ACT Foundation shows its commitment to unlocking the potential of young African entrepreneurs, the key to the long-term economic transformation of Africa,” said the CEO of the ACT Foundation, Osayi Alile. “There are different challenges across the continent, and in the 2023 grant cycle, we aim to find innovations that break the cycle of poverty, weak health systems, low-quality education, change on climate and economic inequality in Africa.”
“With the rapid development of the global digital economy and the availability of technology, the next century belongs to Africa,” Alile added. According to him, the ACT Foundation is focused on impact-driven projects that create lasting impact for people, communities, and the world at large.
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Since its inception in 2006, the Aspire Coronation Trust (ACT) Foundation has remained committed to supporting local, national, and regional non-profit organizations working to address challenges and associated vulnerabilities across the Continent in Africa.
From health to entrepreneurship, leadership, and the environment, ACT Foundation’s impact continues to touch lives in all 36 states of the Nigerian federation and eight other African countries, benefiting over two million people across the continent.
Entries opened on Monday, the 17th of October 2022, and closed on the 11th of November 2022, 11:59 pm (WAT). Late entries will not be considered. Only one entry per organization will be accepted. Once an entry has been submitted, further changes will not be accepted. All entries must be submitted in English. There is no entry fee, purchase, or payment of any kind required to apply.
Eligibility Criteria – Organizations must:
- Submit social innovations that address challenges within any of the Foundation’s primary goals – Health, Entrepreneurship, Environment, and Leadership.
- Register with the appropriate legal entity within their respective (African) countries for no less than two years (24 months).
- Can legally register as a non-profit organization (GTE/LTD). However, when applying as a social enterprise, the Foundation will only fund non-profit initiatives.
- Demonstrate a strong governance structure. The details of the board of directors must appear in the company’s registration documents.
- Show evidence of other funding sources.
- There is a minimum staff strength of 3 part-time/full-time paid Individuals.
- Directly responsible for the preparation and management of the project, ie not acting as an intermediary.
- The Programme/Initiative must be implemented within Africa.
Ineligibility – ACT Foundation grants will NOT be extended to the following:
- Nonprofits without a legal Board of Directors or Trustees (as stated in your registration documents).
- Any entity that has mismanaged the funds of other foundations in the past.
- Political parties, campaign groups, institutions or their subsidiaries and affiliates.
- Organizations that advocate, advocate, or promote inhumane policies, illegal activities or terrorism.
For more information, please visit http://changemakers.actrustfoundation.org/ or follow @actfoundation_on social media.