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Schools urged to apply for Commonwealth Bank Foundation Grants

1 May 2006

70 x $5,000 e-Learning Grants available

100 x $3,500 Financial Literacy Grants available

May marks the launch of the Commonwealth Bank Foundation’s two major grants programs, the e-Learning Grants for primary schools and the Financial Literacy Grants for secondary schools. All schools are encouraged to visit  www.commbank.com.au/grants to register and apply to be awarded a grant.

The e-Learning Grants program officially launches today and offers 70 grants valued at $5,000 each to primary schools. Now in its fifth year, the grant program recognises the increasingly important role played by online initiatives in developing literary and numeracy skills among school children. The grants assist teachers and students to implement and develop e-learning and financial literacy programs in their schools. Applications close 14 June 2006 and successful schools will be announced in August as part of National Literacy and Numeracy Week.

The Financial Literacy Grants program will launch on 16 May to secondary schools and 100 grants valued at $3,500 are available. These grants are designed to help secondary schools implement an education program that will develop student financial literacy awareness, understanding and skill. Applications close 4 August 2006 and successful schools will be announced in October.

CEO of the Commonwealth Bank and Chairman of the Commonwealth Bank Foundation, Ralph Norris, said today that the Foundation was committed to creating a financially literate community.

"These grants encourage the development of basic numeracy and literacy skills which are the building blocks for young Australians to become financially literate," explained Mr Norris.

"The Commonwealth Bank Foundation offers the e-Learning and Financial Literacy Grants to our schools to support the implementation of online and financial literacy projects. Feedback from schools tells us that the grants make a significant impact on their students’ participation and learning.

"Since 2002, the Commonwealth Bank Foundation has provided over $2 million worth of grants to schools and the grants have supported a range of initiatives in rural, regional and metropolitan school communities."

Further information on the grants, including the selection criteria and summaries of successful applicants from previous years are available on the Commonwealth Bank Foundation website - http://www.commbank.com.au/foundation/

ENDS

Media contact:

Bryan Fitzgerald - Commonwealth Bank
Phone: (02) 9378 2663
Mob: 0414 789 649
E: fitzgeb@cba.com.au

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