The QBE Foundation has announced the beneficiaries of its 2023 annual local grants program, allotting a total of $440,000 to 11 charity and community organisations across Australia.
Each recipient is set to receive $40,000 to reinforce their endeavours in tackling inclusion and climate resilience issues in the nation.
The program, which garnered more than 200 applications, introduced an “employee choice” category, allowing QBE employees to nominate a charity they are involved with or passionate about.
QBE Foundation co-chair Jon Fox emphasised the significance of these grants as a means for QBE to support charities making tangible impacts in crucial areas.
“The local grants program reflects QBE's dedication to creating positive change and empowering local charities actively working towards it,” he said. “Our 11 grant recipients have shown exceptional commitment and innovation in addressing climate challenges, promoting inclusion, and empowering communities – and it is inspiring to witness their impact and be part of their journey.”
The recipients of the QBE Foundation 2023 local grants are:
Climate resilience
Inclusion
Employee choice
Additionally, the QBE Foundation chose to extend support to two more organisations within the employee choice category, providing each with a $20,000 donation:
Applications for the 2024 local grants will be accepted later this year, offering another opportunity for Australian charities and community groups to access vital funding for their initiatives.
In other news, QBE Lenders' Mortgage Insurance (LMI) confirmed an upgrade in its rating following adjustments in S&P Global Ratings' criteria for assessing insurance companies' risk-based capital.
