Grant Decision Criteria
This policy establishes the grant decision making criteria for Infinity Foundation.
Please note:
Funds cannot cover costs which have been paid for before the application is approved at our board meeting.
We also now require a list (first and last names) of all board/committee members to be included with your application.
Policy
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The Grant Sub-Committee discusses the applications and their merits at a monthly meeting based on the information provided by the applicant.
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The final number of successful grants will always be determined by the funds available and the requirement to meet the 37.12% minimum as requested (Section 10, Gambling (Class 4 Net Proceeds) Regulations 2004).
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The successful grants must always be within the Company's 'Authorised Purpose' which has been approved by the Department of internal Affairs (DIA).
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No Board members, Sub-committee members, Management and staff may promise or imply the approval of particular grant applications prior to their proper consideration.
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Infinity Foundation will communicate to the public clear processes for deciding on grant applications by website, venue, advertising and other communication methods.
Factors taken into account in assessing a grant application include the following:
- The history, background and membership of the applicant organisation, to establish its bona fide status and ensure that its activities fall within authorised purposes
- The applicants annual budget if applicable
- Any partial self-funding of the activity by the applicant
- Where applicabe, the outcomes of audits conducted on grants made previously
- Assessment of the overall community benefit that would arise and the potential number of beneficiaries
- Any possibility of funds being misdirected to the detriment of the intended community benefit
- Grants received by the applicant from all gaming trusts during the past 12 months
- No evidence of commercial gain that might accrue to any professional fundraisers involved with an application
- Fees or benefits that might accrue to any professional fundraisers involved with an application.
- Other organisations from which funding is being sought
This list is not exhaustive. It indicates additional information that might be required to assess grant applications fully.