Application For Support Under The Power To Make A Difference Programme

Eligibility for Financial Support

Registered Charitable Organisations, Educational Institutions, and Faith Based Organisations may apply if their mandate aligns with one or more of the following priority areas:
• Educational and literacy programmes
• Youth development through sport
• Cultural and arts based initiatives
• Sustainability programmes that enhance quality of life
• Initiatives that reduce gender bias, promote equality, and foster inclusion across all backgrounds
• Entrepreneurial development and growth
• Environmental protection initiatives

Applicants must:
All Power to Make A Difference applicants must be registered with the Board of Inland Revenue. They must be well managed and accountable to donors for funds received. Beneficiaries who receive funds from the Power to Make A Difference programme will have to account for the use of funds through submitted periodic expenditure reports. Funds must be used only for the purpose requested and must not be applied to other purposes without the bank’s written permission.
• Be registered with the Board of Inland Revenue
• Have a defined governance structure
• Be accountable to the Bank for all funds disbursed

Projects must:
• Align closely with at least one PMAD pillar
Power to Learn, Power to Care, Power to Succeed and Power Help and a UN Sustainable Development Goal (SDG)
• Deliver long term benefits to communities and society
• Articles of Incorporation (where applicable)
• Most recent audited financial statements (within two years of the current year)
• List of Board of Directors, including contact details, nationality, and copies of valid identification
• Detailed description of the proposed programme/project, including supplier quotations

Specific Request Requirements

Vehicle Requests
• Three (3) quotations from three (3) different dealerships
• Insurance, maintenance, and driver salaries must be covered by the organisation
• Copies of all relevant permits

Construction Requests
• Approved architectural drawings
• Contractor quotations
• Deed and Cadastral Sheet (where applicable)
• Recent utility receipts (where relevant)

Ineligible Projects
Funding is not available for:
• Individual assistance, including scholarships or direct financial aid
• Projects more appropriately funded by government or other institutions (e.g. hospital refurbishments, stadium beautification, community centres)
• Operating or administrative expenses, including salaries, stipends, utilities, scholarships, photocopying, or honorariums
• Purchase of land or buildings
• Loan repayment, reserve funds, or endowments
• Scientific research