KUALA LUMPUR: Khazanah Nasional Bhd’s impact-based foundation Yayasan Hasanah has teamed up with the ministry of finance (MoF) to launch the Hasanah Special Grant 2020, which aims to help the bottom 40% income group (B40) communities.
In a statement, the foundation said the partnership comes in response to the Prihatin Rakyat Economic Stimulus Package, which was deployed to mitigate the economic impact of the Covid-19 pandemic. The grant is aimed at supporting programmes that will improve the quality of life for B40 communities that include refugees, the homeless, ageing communities, women and children, Orang Asli and those with special needs.
The foundation said it hoped that the grant will allow for the rapid mobilisation of resources to civil society organisations, non-governmental organisations and social enterprises to extend assistance to those in need as a result of the Covid-19 pandemic.
Such projects can be implemented over three to 12 months from May 2020 until April 2021, during and following the movement control order (MCO).
The maximum amount that can be disbursed for any project stands at RM250,000.
To be eligible for the grant, applicants should be legally or locally registered under the Registrar of Societies (RoS), the Companies Commission of Malaysia or be a registered company under the Companies Act 1965.
Moreover, applicants have to have been formed and registered for at least two years before applying.
Applicants should also have one year’s worth of audited financial accounts or have submitted annual returns to the RoS.
They should also be directly responsible for the preparation, implementation and management of the project and not be acting as an intermediary.
They should also have a track record of working with at-risk communities for the past two years, demonstrate the capacity to immediately start their projects, as well as comply with the government’s requirements during the MCO.
Applicants may submit their proposals and relevant documentation via www.yayasanhasanah.org from April 15 until Oct 15. However, the eligibility assessment must be submitted by Oct 1.
Successful applicants will be notified within 30 days of their submission, said the foundation.
Source : https://www.theedgemarkets.com/article/khazanah-foundation-mof-launch-grant-help-b40-group