THE Sitawi Finanças do Bem and the Endowments of Brazil announce the notice “Democratizing Endowments“, offering a unique opportunity to non-profit organizations establish a Equity Fund with no upfront costs, aiming at long-term financial sustainability. Applications will be open from June 13th to July 1st.
Five initiatives will be selected, which will receive the mechanism structuring services from Endowments do Brasil, with exemption from maintenance costs for the first two years.
“This call for proposals represents an important step towards strengthening the Third Sector, offering CSOs the opportunity to structure a Patrimonial Fund with no upfront costs. Our goal is to provide the necessary tools for these organizations to plan their future, ensuring that they continue to generate positive impact for many years to come.” – Leonardo Letelier, Executive Director of Endowments do Brasil.
Who can register
The selection process will be carried out in two main stages: eligibility and assessment. Organizations must meet specific criteria, including having an active CNPJ for at least three years, headquarters and operations in Brazil, and operations in areas of public interest such as education, science, technology, culture, health, the environment, among others.
The Selection Committee is made up of experts on the subject from various organizations in the ecosystem. The committee will evaluate the applications based on four criteria: financial solidity, performance of the organization, planning of fundraising for the Endowment Fund, governance and management.
benefits
The CSOs selected in the notice will receive guidance on structuring the Heritage Fund and exemption from maintenance costs for the first two years.
If you are an organization that fits the criteria and would like to take advantage of this opportunity, don’t delay! Apply now and start on the path to lasting financial sustainability.
