Sage Foundation launches Enterprise Fund to back the brightest ideas from non-profits in the UK
Sage, a market leader in cloud accounting software, has today launched Sage Foundation’s Enterprise Fund.
London, 22 February 2017 - The new $1 million (£800k) fund is open to non-profits from around the UK with enterprising ideas to help improve the lives of military veterans, young people or women and girls in the local community.
The fund will be split between two rounds; with the second round ready for release later in 2017. Applications for the first round are open until April 5; grants between $5,000 and $35,000 will then be awarded to successful applicants.
All applications that fulfil the eligibility criteria will be considered. However, Sage Foundation is especially keen to support organisations that are currently small but have ambitions to expand, grow and deliver sustainable change. It is also hoped that the fund will support traditionally hard to fundraise needs such as; capital projects, core running costs or new innovations.
“From support groups for domestic abuse survivors, through to coding youth clubs or back to work programmes for military veterans; non-profit organisations survive and thrive thanks to the dedication of staff and volunteers. But they also need funding to take action, which is why we have set up Sage Foundation’s Enterprise Fund, awarding grants up to $35,000 to support vital local projects”, said Sandra Campopiano, Sage’s Chief People Officer.
“I’ve seen small charities with really exceptional, original ideas on the brink of delivering real change. Too often all that is stopping them is access to funds to make an enterprising solution turn into reality. That’s what we are committed to supporting.”
Sage Foundation’s Enterprise Fund was originally announced at Sage Summit in Chicago in July 2016, part of a series of new initiatives to mobilise Sage colleagues, partners and customers around a common vision for change. As part of 2017’s new Sage Summit Tour, Sage Foundation will be working with Sage’s brilliant network of business builders, to take action together.
For instance, Sage Summit London will be held on April 5th-6th. which is when Sage Foundation will introduce a further range of initiatives delivered by its global $1 Million Challenge project and the local charities that will benefit from this support.
Since January 2016, Sage Foundation has been taking action to build sustainable social, economic and entrepreneurial opportunities in Sage’s local communities around the world. By investing and supporting non-profit partners that are helping people reach their true potential, Sage are committed to doing business the right way.
Sage Foundation is powered by the ‘2+2+2’ model. Through this, Sage Foundation donates: 2% of employee time each year (5 volunteer days), 2% of free cash flow in grants and 2 donated software licenses to eligible partners.Check if your non-profit is eligible for Sage Foundation’s Enterprise Fund and follow @sagefoundation for the latest from our community.