We focus our support on innovative social enterprises that have the potential to achieve real change.
We want our community partners to be around for the long-term in order to drive lasting social change. We do this by:
- Supporting social enterprises at all stages of development, from start-ups right through to well established organisations looking to expand
- Fostering deep, long-term partnerships with our grantees to ensure their future sustainability
- Building the internal capacity of our grantees with a blend of financial and non-financial support
- Using the skills and expertise of Westpac Group staff and our social sector partners for the benefit of our grantees.
More than Money
We recognise that organisations can’t succeed through financial support alone. We believe a balance of grant funding and non-financial support is key to helping our community partners achieve long-term sustainability. All Westpac Foundation grantees will receive ‘More than Money’ support; we work closely together to assess the grantees’ non-financial needs to find a solution to complement our financial support.
This non-financial support is just as valuable to our not-for-profit and social enterprise partners as the grant itself. Our range of More than Money support available includes:
- Business mentoring focuses on building individual capacity and enabling skills transfer from members of Westpac staff to individuals within the social enterprise. Typically a Westpac employee would mentor an individual for a period of 12 months.
- Organisational mentoring runs in partnership with Westpac staff. The program is designed to help deliver sustainable benefits to social enterprises by supporting continuous improvement, innovation and collaboration. Typically, the program involves partnering with an organisation’s leadership team, identifying opportunities that create sustainable change and building a team of Westpac employees to mentor the organisation through its transformation. The relationship lasts for around 2 years.
- Skilled volunteering uses the skills and expertise of Westpac employees, who offer organisations specialised support to successfully achieve their missions. Skilled volunteering differs from organisational mentoring in that employees work with organisations on specific projects, such as developing a marketing plan.
- Financial education provided through Westpac’s Davidson Institute, we offer a range of free live and pre-recorded money management webinars for individuals, businesses, not for profit organisations and community groups. Webinar content is accessible from a laptop, PC or smart mobile device. Pre-recorded content is available 24/7.
- Program evaluation workshops are offered at the start of funding to help our social enterprise partners measure the outcomes of their activities.