Limited finances and a lack of access to technological solutions are some of the key challenges for the not-for-profit sector, according to entries from the most recent Commonwealth Bank Not-for-Profit Treasurer’s Awards last year.
Nominations for the 2017 Awards opened today, in a continuing partnership between the Commonwealth Bank and not-for-profit specialist organisation, Our Community, to recognise people safeguarding the financial wellbeing of community and not-for-profit organisations.
Julienne Price, Head of Not-for-Profit Sector Banking at Commonwealth Bank said: “We know that thousands of not-for-profit organisations face these limitations every day and nowhere is that more closely felt than the role of the treasurer – the person behind the scenes balancing the books and keeping the organisation healthy and sustainable.”
“The Commonwealth Bank Not-for-Profit Treasurers’ Awards are an important vehicle to help share ideas and information from Australia’s thousands of not-for-profit organisations.”
This year, the Awards invite community treasurers to share their practical knowledge by creating either a financial template, an outline and summary of a financial webinar or a financial policy. The best submission in each of the three categories will win a $5,000 donations for their not-for-profit organisation.
Members of the public and community groups can also nominate a not-for-profit or community treasurer to receive an official 2017 Commonwealth Bank Not-for-Profit Treasurers' Award Certificate of Appreciation, as an acknowledgement of their contributions.
Denis Moriarty, Group Managing Director of Our Community said: “In the vortex of government funding cutbacks and increased demands for community services, the not-for-profit treasurers of the nation are facing unparalleled pressure to balance the books and find creative ways to source new revenue.”
Nominations for the 2017 Awards are open until 28 July with the three winners to be announced at a presentation event in Sydney during September’s Not-for-Profit Finance Week.
Individuals or community groups can submit a nomination at www.ourcommunity.com.au/treasurersAwards2017