Community
Programs & Resources
Community
Programs & Resources
Alterna is guided by our commitment to support the well-being of our members, employees and communities.
We promote community economic development through programs that serve both individuals, such as our Microfinance program, and our work that supports the financial resilience of the non-profit sector.
Here are some programs your organization may be eligible for:
Our Microfinance program works to address socio-economic inequity by creating opportunities for financial independence and reducing barriers to banking for those often excluded from financing.
The Black Entrepreneurship Loan Fund, a component of the Black Entrepreneurship Program, is a partnership between the Government of Canada, Black-led business organizations, and several financial institutions.
Black entrepreneurs, social entrepreneurs, and women entrepreneurs who have received up to $25,000 in funding through Alterna's Community Microfinance program will have the opportunity to do double this amount through this new program with BDC, for a potential total of $50,000.
Contact us to request a copy of our Cash Flow Statements and Business Planning Steps.
Programs & Grants
Community Financial Resiliency Program
Our Community Financial Resiliency Program helps improve the capacity and resilience of the not-for-profit and charitable sector to build equity, and strengthen their financial sustainability.
We do this by offering
Additional advocacy and support around:
Community Financial Education Programs & Resources
At Alterna, we believe strongly in supporting the financial health and well-being of communities. One of the ways we do that is by developing and delivering financial education programs and resources tailored to the specific needs of the individuals, organizations, and communities we serve. Our programs include customized curriculums for:
These financial education programs were designed to provide wrap-around support to underserved and underrepresented individuals and organizations. The curriculum encompasses a wide range of topics, from budgeting to more in-depth and specific workshops for social innovators and entrepreneurs or non-profit and charitable organizations.
For further information about Alterna’s financial education offerings through our Community Impact Department, please contact communityfinancialeducation@alterna.ca.
Community Granting Program
Alterna’s Community Granting Program provides grants of up to $1,000 to initiatives where a small amount of money can have a significant impact in the communities we serve.
2024 Causes for Representation
Please ensure that all Community Granting Program applications are in alignment with the causes for representation selected for 2024 as outlined below.
Eligibility
Application Process
Completed applications can be submitted to community.grants@alterna.ca. A complete application, depending on your legal structure, will include the following information:
Key Dates
Application Deadline: Friday, May 24, 2024, at 11:59 pm ET
Cheques are disbursed to Community Granting Program recipient organization(s) through Alterna’s ‘Spirit of the Season’ campaign in December. Please ensure that your organization’s application outlines the intended use and timeline for your proposed program. Funds must be used by the organization that is applying for the granting stream*.
*For unincorporated associations, cheque will be issued to sponsoring incorporated organization.
Funds must be used by the organization that is applying for the granting stream.
Financial Inclusion Granting Program
Through Alterna’s Financial Inclusion Granting Program, organizations can apply for a grant up to $20,000 for innovative initiatives that work to address issues of financial inclusion and/or financial education among underserved communities.
Emphasis is placed on initiatives that offer opportunities for scale or replication to other communities and partnership with Alterna.
Eligibility
Alterna’s Financial Inclusion Granting Program supports:
Completed applications are submitted to community.grants@alterna.ca. See Application Guidelines for detailed information on what to include in your organization’s application. A complete application will include the following information:
Step 1. Letter of Inquiry
If your organization has an idea or program that you believe would be a good fit for the Financial Inclusion Granting Program, please submit a maximum 2-page Letter of Inquiry (LOI) detailing the initiative. The letter must include the following information.
Step 2. Request for Proposal
Alterna’s Community Impact Department will review all LOIs and invite a limited number of organizations to submit full Proposals for funding.
Step 3. Proposal Submission
Alterna will only consider Proposals from organizations that have been invited to submit a full Proposal based on their previously submitted LOI.
In addition to expanding in detail on the content requested for the LOI submission, organizations will be asked to elaborate in the Proposal.
Step 4. Application Review
Received Proposals will be reviewed by an internal Committee of Alterna employees. Proposals will be evaluated on several criteria including potential for replication or scale of the initiative, impact, and measurable results.
Step 5. Grant Approval
Alterna will inform all applicants as to the status of their applications in advance of recipient announcements. Successful applicants will be announced throughout Financial Literacy Month in November on Alterna platforms.
Key Dates
Letter of Inquiry Deadline: Friday, May 3, 2024, at 11:59 pm ET
Proposal Deadline: Monday, June 10, 2024, at 11:59 pm ET
Cheques are disbursed to Financial Inclusion Granting Program recipient organization(s) throughout Financial Literacy Month in November. Please ensure that your organization’s application outlines the intended use and timeline for your proposed program. Funds must be used by the organization that is applying for the granting stream*.
*For unincorporated associations, cheque will be issued to sponsoring incorporated organization.
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