New grant: Financial wellbeing and ageing well

The Ageing and Financial Wellbeing Grants Program will enable organisations to create and scale initiatives which build financial capability, wellbeing and economic inclusion for older Australians.

Ecstra invites applications from organisations representing or engaging with older consumers. The focus is on practical assistance and resources that actively engage and support older Australians on money matters. The total grant pool available  is $1,000,000.

Ecstra Foundation exists to strengthen the financial capability and wellbeing of all Australians. The organisation helps Australians access the knowledge and resources they need to make confident money decisions.

“We provide grants and support to organisations actively working in communities to improve financial capability, wellbeing and economic inclusion,” according to a statement from their website. “We are part of the National Financial Capability Strategy, a network which recognises that when more Australians are in control of their financial lives, everyone benefits. “

Australians are enjoying longer lives and better health overall, however many factors influence the financial wellbeing and outcomes for older consumers. Particular challenges may include accessing and navigating financial services, appropriately targeted consumer products and opportunities services and knowing where to go for guidance and support.

Ecstra invites organisations representing or engaging with older Australians to submit expressions of interest.  The Ageing and Financial Wellbeing Grants focus on pragmatic, practical assistance and resources that engage older Australians and support their financial decision making.

Applications should address one or more of strengthening digital and financial literacy of older Australians through appropriately targeted, evidence-backed programs, finding resources to encourage and promote long term financial plans before retirement age, assistance with understanding superannuation and pension options and transition to retirement, and having initiatives to inform and protect older consumers from fraud and financial abuse. The proposal can also touch on initiatives that address physical and cognitive aging and financial decision making with individuals, their family and/or carers, inclusive technologies that deliver accessible support, including navigating home care/retirement/aged care options, as well as, resources supporting older consumers with complex needs.

Applicants may propose a single project or a range of activities in one application. Projects may include pilot programs, the scaling of evidence-based approaches, or funding for current or future collaborations. The deadline for submissions is 30 April 2020.

Pearl Dy

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Pearl Dy is a community manager and journalist. She is passionate about business and development particularly involving not-for-profits, charity and social entrepreneurship.

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