AMP has launched a new social entrepreneurship fund off the back of research indicating that for 60 per cent of Australians, money is a reason why they have not pursued individual talents or dreams.
The findings come as AMP launches its Tomorrow Fund, which it says will give away up to $1 million per year to assist Australians in achieving their goals.
AMP director of media and community relations Julia Quinn said the program is looking for “talented and determined” Australians who need a bit of a “helping hand”.
“Money shouldn’t always be an obstacle for talented people who have a commitment to something that will make a difference in Australia,” Ms Quinn said.
“It might be a community project, an invention, social enterprise or maybe something left-of-field,” she said.
AMP said the grant sizes will vary from $10,000 up to $100,000 and will be awarded by an “expert judging panel” drawn from a range of fields.
Applications for AMP’s Tomorrow Fund are open until August 31.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 18 Aug 2017ASIC permanently bans former AMP adviserBy Staff Reporter
- 18 Aug 2017IRESS announces first half resultsBy Jessica Yun
- 18 Aug 2017Banks the key to closing advice gap, Tria saysBy Larissa Waterson
- 18 Aug 2017Adviser ethics certification launchedBy Staff Reporter
- 18 Aug 2017Banks evade FOFA, industry funds claimBy Larissa Waterson
- 16 Aug 2017UBS appoints head of wholesale distributionBy Staff Reporter
- view all