VWOs-Charities Capability Fund, VCF Shared Services Grant

“Funds are provieded to charities to cover shared services in the following areas: a) Payroll service b) Finance and accounting services (accounts payable, accounts receivable, assets record management, journal adjustment, financial and management reports, and audit management)”
Funding Quantum 👇
“Up to 50% of monthly charges for 1st year and up to 25% for 2nd year, capped at $100,000 per charity *30% of approved funding will be disbursed upfront, upon the signing of the VCF funding agreement. The next 30% will be disbursed after the first year of the project. The remaining amount, depending on the actual project cost, will be disbursed upon receipt of reimbursement claim at the end of 2 years”
Application Process 👇
“Up to 50% of monthly charges for 1st year and up to 25% for 2nd year, capped at $100,000 per charity *30% of approved funding will be disbursed upfront, upon the signing of the VCF funding agreement. The next 30% will be disbursed after the first year of the project. The remaining amount, depending on the actual project cost, will be disbursed upon receipt of reimbursement claim at the end of 2 years”
Notes 👇
Funding operates on a reimbursable basis
Link 👇
https://www.charities.gov.sg/Pages/Charities-and-IPCs/Grants-and-Support-for-Charities-IPCs/VWOs-Charities-Capability-Fund.aspx#