ICTSI unveils new community investment fund

By Staff Writer

Mar 31, 2016 10:14 AM EDT

International Container Terminal Services' Australian arm, Victoria International Container Terminal Limited (VICT) has unveiled a new community investment fund program. The company invites domestic non-profit community institutions to apply for fund up to $20K.

The new fund is the second Community Investment Fund by the company. While commenting on the launch of this new grant, Anders Dommestrup, chief executive officer of VICT, said that the company seeks to receive more requests from community organisations after the triumph of its first Community Investment grant. He added that these community institutions work for the welfare of young people and youth within the domestic communities, as reported by MANILA BULLETIN.

Anders noted that its first community fund achieved great success, helping a vast number of non-profit organisations like sports clubs, youth charities, youth leadership events and schools within the region of Hobsons Bay and Port Phillip. According to Anders, the community fund concentrates mainly on education and health of young people and that the company is pleased to work with its local communities.

He continued, "We want our future generations to become happy, well-rounded community leaders and this is our way of contributing to ensure that this occurs." The company noted that requests for the community investment fund are open to the community and non-profit institutions that meet the company's standards. The company plans to allocate the funds to many earnest community groups, splitting the fund into four tiers, stretching from nearly $2000 to a maximum of $20K.

Meanwhile, EASTERN ARIZONA COURIER reported that application for Freeport community investment fund is open through 1 May. The Graham County Community Investment Fund invites schools, non-profit groups, and domestic governments to apply online in fund guidance periods. Freeport-McMoRan Foundation will offer an outline of the application guidelines during the fund guidance meeting. The candidates must partake in the guidance sessions in order to be qualified for investments.

The eligibility to request for investment requires institutions with a valid and present 501c3 label from the IRS, schools with a valid NCES code number, municipal & government entities, and Universities & colleges. The application form for 2016 community investment fund will be accessible in online via CyberGrants.

Moreover, the Community Foundation for Perry Country (CFPC) announced its inaugural application for small-grant offers in the spring. The foundation has allocated $5K for the initial round, which will be granted in 10 small grants, ranging from $500 to $1K, as reported by Perry Tribune.

Last year, CFPC announced two additional funds namely the Outreach Emergency Disaster Shelter Fund and the Perry Country Sportsman Club Endowments Fund. The two funds are created to back up environmental leadership and community growth programs in Perry County.

The main aim of these investment funds is to develop youth communities within their local area, thereby uplifting the life of domestic people. The community funds are working together to improve the education and health of young people.

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