AMP Foundation Grant Terms and Conditions

Terms and Conditions

Thank you for your interest in applying for a grant from AMP Foundation's Tomorrow Makers program (AMP Foundation Grant). There are a few things you need to know before you submit your Application and this document sets out the terms and conditions which apply to each AMP Foundation Grant application (an Application).

By submitting an Application you agree to be bound by the following terms and conditions (AMP Foundation Grant Terms and Conditions).

1. AMP Foundation Grants

1.1 The AMP Foundation has established AMP Foundation's Tomorrow Makers program to support new social enterprise ideas through the provision of up to 15 AMP Foundation Grants, for successful individuals or teams.

1.2 AMP Foundation's Tomorrow Makers will be awarding AMP Foundation Grants in two tranches:

b) a grant of up to A$20,000 (subject to conditions)

to successfully selected Applicants who meet the relevant social enterprise criteria as outlined here in and in the details provided (a "Tomorrow Maker").

Tomorrow Makers will be required to meet key milestones to unlock funding.

They will receive $5,000 upon reaching successfully reaching the following periods:

a) week 1 upon commencement of the SPARK program,

b) week 6 on submission of a revised business model,

c) week 15/16 after delivery of their practise pitch; and week 20 on completion of the program deliverables.

1.3 AMP Foundation Grants will be awarded to Applicants who can best demonstrate within their submitted Application and interview how their new social enterprise idea will deliver positive social impact in their community, where the idea came from, what impact they want to make and how it will be measured.

1.4 The AMP Foundation will assess each Application on individual merit – chance plays no part in the award of an AMP Foundation Grant.

1.5 AMP Foundation Grant winners will be publicly announced in June 2023 (date to be confirmed). Information about the recipients of each AMP Foundation Grant will be posted at ampstomorrowfund.com.au.

2. The Application process

2.1 Applications will be open from Wednesday 26 April at 9am (AEST) until Wednesday 10 May at 2pm (AEST) ("Closing Date").

The AMP Foundation will not accept any Applications submitted after this date.

2.2 You can only apply for an AMP Foundation Grant electronically through the online Application form accessed from ampstomorrowfund.com.au.

2.3 Applications can include text and online links that will help the judging panel assess your Application.

2.4 Please take care when completing your Application, as incorrect or incomplete Application forms may not be accepted.

2.5 Each Applicant may only submit one Application and you cannot change your Application once it has been submitted.

2.6 All Applicants will be provided with a unique Application number once their Application has been submitted. Please keep a copy of this number and include it in all correspondence with the AMP Foundation regarding your Application.

2.7 You will also be sent PDF copy of your Application form. We recommend that you save this PDF copy so you have a record of it.

2.8 At any time after you have submitted your Application, we may contact you if we need to clarify or obtain additional information in relation to your Application. We may also contact your referees and we may do a background check to verify any information you have included in your Application form. By submitting your Application form, you consent to allow us to contact your referees and conduct checks to verify the information contained in your Application form. You may also be required to provide additional information and complete additional forms in order to allow us to conduct our background checks and you agree to do this if requested.

2.9 The AMP Foundation Grants Application process will comprise two rounds. We will endeavour to contact Applicants who have progressed to the finalist round in June 2023.

2.10 We will endeavour to notify Applicants who have not progressed to the second round of judging in June 2023.

2.11 The AMP Foundation judging panel will have absolute discretion in judging all Applications and in deciding the finalists and winners of the AMP Foundation Grants. The panel's decision will be final and no correspondence will be entered into.

2.12 Applicants who have applied for an AMP Foundation Grant in previous years, but were not successful, are eligible to apply.

2.13 Previous AMP Foundation Tomorrow Makers are eligible to apply as long as they met the new criteria.

3. Eligibility to enter

3.1 To be eligible for an AMP Foundation Grant you must be an Australian citizen or permanent resident of Australia as at the date of submission of your Application.

3.2 AMP employees and contractors are eligible to apply for an AMP Foundation Grant.

3.3 You are not eligible to apply for an AMP Foundation Grant if you have lived outside Australia for two or more years immediately prior to the Closing Date or are intending to move overseas for more than two years.

3.4 AMP Foundation Grants will only be awarded to individuals or a team (up to four people) with a new social enterprise idea and an existing social enterprise with either a new idea or looking to scale their existing operation.

3.5 If you are under 18 years of age you must have the consent of a parent or legal guardian to apply for an AMP Foundation Grant. Your parent or legal guardian must have read and discussed the AMP Foundation Grant Terms and Conditions with you and consent must be filled out in your Application.

3.6 Applicants in the final stages of the process will be asked to disclose any previous convictions, and AMP Foundation's decision-making discretion under clause 2.11 shall apply.

4. Obligations on AMP Foundation Grant recipients

4.1 If you are the recipient of an AMP Foundation Grant, we would like to let other people know about your success and your plans for the future. By applying for an AMP Foundation Grant, you agree to participate in promoting your involvement in AMP Foundation's Tomorrow Makers program and the AMP Foundation (including the way in which you use or intend to use your AMP Foundation Grant) for a period of five years from the date of announcement that you have been awarded an AMP Foundation Grant. This may include media interviews organised by AMP Group and the use of your photos and details of your Application in AMP Group internal and external publications.

4.2 We take your privacy seriously, abiding by the Australian Privacy Principles contained in the Privacy Act 1988 (Cth). Your information will be collected by the relevant AMP Group entity in order to process your AMP Foundation Grant Application (AMP Foundation Grant Process). You consent to the AMP Group using and disclosing your personal information for purposes related to AMP Foundation's Tomorrow Fund and the AMP Foundation, including the AMP Foundation Grant Process and promotional and marketing purposes. Your information may be shared with other AMP Group companies and service providers and external subject matter experts in accordance with the AMP Foundation privacy policy which provides more information about how we use, manage and protect the personal information we hold about individuals. You may locate a copy of our privacy policy at amp.com.au/ampfoundation. You further consent to us sharing your Application with Impact Boom, the provider of the SPARK program. Impact Boom will use your information solely to assess the Application and provide AMP Foundation with a view on its merits. Impact Boom’s privacy policy can be found here: https://www.impactboom.org/terms-conditions.

4.3 If you are awarded an AMP Foundation Grant you must not make any press or other release or announcement relating to your AMP Foundation Grant Application, the AMP Foundation or AMP Foundation's Tomorrow Makers without our prior written approval.

4.4 You must obtain our prior written approval (such approval not to be unreasonably withheld) if you wish to make any reference to the fact that you are the recipient of an AMP Foundation Grant or you wish to use the AMP or AMP Foundation name or logo or otherwise associate yourself with the AMP Group (including the AMP Foundation and AMP Foundation's Tomorrow Fund).

4.5 If successful, it is a condition of your AMP Foundation grant application that you will only use the AMP Foundation Grant for the purpose of supporting you through the SPARK program or to develop and grow the social enterprise outlined in your Application. AMP Foundation will request evidence that the Foundation Grant funds have been utilised in pursuit of the this purpose. If you cannot, on request, provide written reports of your progress and/or evidence of expenditure, AMP Foundation may ask you to return part or all of your Foundation Grant funding.

Your Foundation Gant reporting requirements:

Please ensure you keep records of your spending (paper receipts or online transaction details for each item)

Twice a year (usually April and November) we will send you a reporting form to fill in. You need to tell us what you have done so far to move closer to launching your social enterprise, the items or services you have spent the funds on and any challenges you have faced or envisage.

4.6 You must obtain your own advice in relation to the taxation consequences of any payment or receipt of an AMP Foundation Grant.

5. Personal statement

5.1 I acknowledge and agree that:

(a) I am eligible to apply for an AMP Foundation Grant.

(b) The AMP Group may use and disclose my personal information in accordance with these AMP Foundation Grant Terms and Conditions.

(c) The AMP Group may display and use the information and materials included in my Application, including any photographs, recordings or images of me, on the AMP Group and AMP Foundation's Tomorrow Makers websites, AMP Foundation's Facebook, Instagram, LinkedIn and Twitter page, and in any other materials that the AMP Group reasonably believes are appropriate for the promotion of AMP Foundation's Tomorrow Makers/AMP/the AMP Foundation.

(d) My referees consent to include their names and contact details in my Application and to be contacted by the AMP Foundation representatives in relation to my Application.

(e) The AMP Foundation may modify the AMP Foundation Grant Terms and Conditions at any time on provision of written notice.

(f) The AMP Foundation reserves the right to cancel, suspend or change the AMP Foundation Grants program at any time without notice.

(g) Neither the AMP Foundation nor the AMP Group will incur any liability, financial or otherwise to you in relation to the conduct of the AMP Foundation Grant program. The AMP Group assumes no obligation to reimburse or in any way compensate you for losses or expenses incurred in connection with your Application for an AMP Foundation Grant or participation in AMP Foundation's Tomorrow Makers program.

5.2 I acknowledge and agree that if I am awarded an AMP Foundation Grant:

(a) The amount granted to me, and the terms and conditions in relation to the timing and frequency of payment, will be determined by the AMP Foundation in its absolute discretion.

(b) I will enter into an agreement with the AMP Foundation to confirm my acceptance of the AMP Foundation Grant Terms and Conditions.

(c) I will only use AMP Foundation Grant funds for the purpose outlined in my Application. I acknowledge that AMP Foundation will ask successful applicants to report twice a year and provide evidence of expenditure of grant funds (for example, in the form of receipts) that prove the AMP Foundation Grant funds have been incurred in pursuit of the stated goal. Failure to comply or to acquit the grant within an agreed period may require repayment of AMP Foundation Grant funds.

(d) I will be responsible for any and all applicable taxes I may be liable for in relation to receiving an AMP Foundation Grant.

6. Parent/guardian consent

Please note this parent/guardian consent only applies if the Applicant is under the age of 18 at the time of entering the AMP Foundation Grants process.

6.1 I acknowledge and agree that:

(a) I am the Applicant's parent or legal guardian.

(b) I have read and understood the AMP Foundation Grant Terms and Conditions and have discussed these with the Applicant.

6.2 I consent to the Applicant named below applying for an AMP Foundation Grant on and subject to the AMP Grant Terms and Conditions.

7. Interpretation

For the purposes of these AMP Foundation Grant Terms and Conditions:

"AMP Group" means AMP Limited (ACN 079 354 519) and any Related Body Corporate from time to time of AMP Limited and their respective Employees.

"Applicant" means the individual applying for an AMP Grant.

"Application" means the online form used to apply for an AMP Foundation Grant which can be accessed from ampstomorrowfund.com.au.

"we", "us" and "our" means the AMP Foundation and includes its employees, contractors and agents.

"you" and "your" means Applicant.