OTF — Grow Grant
Highlights
This funding opportunity is designed specifically for businesses like yours operating in Ontario’s non-profit sector. With grants ranging from $100,000 to $600,000, you have the chance to significantly enhance your community projects in areas such as sports, arts, environment, and social services. The funding can be utilized flexibly over 2 or 3 years to help you expand, improve, or adapt your established programs.
Why should you apply? First and foremost, this grant allows you to amplify your impact on the community without the pressure of immediate repayment like traditional loans. Additionally, there are no minimum or maximum revenue requirements, making this program inclusive for businesses of all sizes. With this support, you can hire additional staff, invest in necessary equipment, or innovate new initiatives that will elevate your service delivery.
Ultimately, being approved for this grant means you’ll have the financial backing to take your projects to the next level and make a more substantial difference in the community. It's an easy application process designed to empower you to thrive in your mission, so don’t miss out on this chance to access funds that can transform your organization’s impact.
Financing Details
Type of Financing
This program offers a grant ranging from $100,000 to $600,000. Grants do not require repayment, making them a fantastic financial boost for your business.
Repayment Terms and Interest Rates
Since this is a grant, there are no repayment terms or interest rates to worry about. You receive the funds to elevate your project, and you can focus on your goals without the stress of paying it back.
Eligible Expenses
You can use the funds for:
- Expanding or improving an existing program or service
- Adapting programs to better serve your community
- Expenses related to enhancing impact in sectors like sports, arts, environment, and social services
Non-Eligible Expenses
The funds cannot be used for:
- New programs that do not have a proven track record
- General operating costs not tied to the funded project
Fees Associated with the Program
There are no fees associated with this grant, allowing you to invest the full amount into your project.
Qualifications
- Location: Business must be located in Ontario, Canada.
- Type of Organization: Must be a not-for-profit organization.
- Sectors Supported: Must operate in one of the following sectors: sports and recreation, arts and culture, environment, or human and social services.
- Legal Structure: All legal structures are applicable.
- Employees: No minimum or maximum number of employees required.
- Revenue: No minimum or maximum company revenue qualifications.
Disqualifications:
- For-profit businesses are not eligible.
Description
This program provides funding between $100,000 and $600,000 to help enhance community projects. If your business operates in Ontario’s non-profit sector, this is a chance to strengthen your existing programs in areas like sports, arts, environment, and social services. The funding can be used to expand, improve, or adapt your current services, giving you the opportunity to make a bigger impact in your community.
The money is available over a period of 2 or 3 years, allowing you to plan effectively. You can use these funds however it suits your project best, whether you need to hire staff, buy equipment, or develop new initiatives. This flexibility means you can tailor your approach to meet the specific needs of your programs.
With no minimum or maximum revenue requirements, and open to all legal structures, this program is designed to be accessible for your business. If you have a successful track record, now is the time to take your community contributions further.
Program Steps
Visit the program website
Go to the official website of the program to gather all necessary information about the application process.Prepare your project proposal
Create a proposal that outlines your project's objectives, expected outcomes, and how it aligns with community needs. Be clear and concise.Gather required documentation
You will need the following documents when applying:- Proof of your non-profit status
- Financial statements from the last two years
- A detailed budget for your project
- Letters of support from community members or stakeholders
- Evidence of previous successful projects (if applicable)
Complete the application form
Fill out the application form provided on the program's website. Make sure all sections are complete and accurate.Submit your application
Review your application for any errors and submit it according to the instructions on the website.Follow up
Keep track of your application status. If you haven't received a response within the expected timeframe, it’s okay to reach out for updates.