NGO Stabilization Fund
Highlights
This program is designed for businesses like yours that provide essential services to the community. It offers up to $50,000 in funding to help stabilize and develop your organization. This can cover costs such as general management, governance, organizational development, and extraordinary operations.
Why should you apply?
- Financial Support: Receive funding to improve your service delivery and operational stability.
- Capacity Building: Invest in board governance, strategy development, and training.
- Operational Costs: Cover extraordinary expenses that are critical to your business.
What’s in it for you?
- Government-Backed Financing: This funding is more reliable and supportive than other financing options.
- Ease of Qualification: If your business fits the criteria, the application process is straightforward.
- Long-Term Benefits: Strengthen your organization’s capacity and ensure sustainable operations.
Applying for this program can provide the financial boost and strategic support your business needs to thrive.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment is required, as this is a grant.
Eligible Expenses:
- General management costs
- Governance expenses
- Organizational development
- Extraordinary operations costs
- Collaborative projects that build capacity for multiple NGOs
Ineligible Expenses:
- The funds cannot be used for regular operational costs that are not extraordinary.
- The funds cannot be used for expenses outside the scope of organizational development or capacity building.
Fees:
- There are no fees associated with this grant program.
Qualifications
- Must be a Non-Governmental Organization (NGO).
- Must deliver essential services that support Government of the Northwest Territories (GNWT) policy objectives.
- Must provide critical GNWT funded programs or services to Northwest Territories (NWT) residents.
Must be involved in areas such as homelessness, addiction services, or shelters for women and families.
Disqualifications:
- Businesses that are not NGOs.
- NGOs that do not deliver GNWT funded programs or services.
- NGOs that do not support GNWT policy objectives.
- NGOs not operating within the Northwest Territories.
Description
This program offers your business up to $50,000 per year. You can use this money for various needs, such as improving management, governance, and organizational development. It can also cover unexpected operational costs.
Examples of what you can use the funds for include:
- Enhancing services to smaller communities
- Board governance and training
- Strategy development
- Research projects
- Organizational planning and development
- Transition support to stabilize operations
- Extraordinary general operations costs
The funds are a one-time grant, meaning you do not need to pay them back. This is a great opportunity to strengthen your business and ensure its long-term stability.
Program Steps
Download the Application Form: Visit the official website and download the latest application form and guidelines.
Prepare Required Documentation: Gather the necessary documents to support your application. These may include:
- Financial statements
- Organizational chart
- Project plan or proposal
- Budget breakdown
- Proof of non-profit status
- Board of Directors list
- Letters of support or partnership agreements
Complete the Application Form: Fill out the application form thoroughly, ensuring all sections are completed accurately.
Draft a Project Proposal: Clearly outline the project or initiative for which you are seeking funding. Include objectives, expected outcomes, and how it aligns with the program’s goals.
Create a Budget Plan: Develop a detailed budget that outlines how the funds will be used. Include cost estimates and justifications for each expense.
Review Guidelines and Criteria: Ensure your application meets all the program’s guidelines and criteria. Double-check for any specific requirements or restrictions.
Submit the Application: Email your completed application form and all supporting documents to [email protected] before the deadline of June 3, 2024.
Follow Up: After submission, you may contact the program office to confirm receipt of your application and inquire about the review process.