Asian Charity Services (“ACS”) is excited to announce the launch of Mind Matters – A Hackathon for Social Impact, a campaign co-organized with HSBC Private Banking that aims to rekindle Hong Kong’s can-do spirit by supporting local NGOs in further mental well-being services in Hong Kong.
A two-year grant of an amount ranging from HK$1,000,000 to HK$4,000,000 per project will be awarded to at least 3 charitable organizations. The final grant amount will be determined based on the size and scope of the project.
All charitable organizations registered under Section 88 of the Inland Revenue Ordinance are welcome to apply.
- Focus on early intervention with young people to develop resilience and life skills; OR
- Help the most affected populations which experience mental health challenges; OR
- Raise awareness and make care accessible to vulnerable groups.
Charitable organizations registered under Section 88 of the Inland Revenue Ordinance.
All beneficiaries should be Hong Kong ID cardholders.
No. Each organization can only submit one proposal.
We welcome collaboration of NGOs in this project. One of the goals that we aim to achieve through this process is to deepen understanding and facilitate collaboration within the community.
Please note that you have to submit BOTH organizations’ required documents including Sec.88 tax exemption certificate and the most recent set of annual audited accounts for due diligence.
We welcome cross-sector collaboration, especially when the proposed project requires input from outside experts or experienced service providers. Since this program is funded by a charitable grant, we require that any fee charged by the non-NGO partner shall be at cost with evidence that (a) it is a fair market rate, and (b) the non-NGO partner shall not be profiting from such services or activities.
As part of the due diligence process, the organizers will require supporting documents from partnering organizations (e.g. Certificate of Incorporation, company track record).
There is no restriction on the organization’s annual operating expense/ annual budget. However, the budget of this proposal should not exceed 50% of your organization’s annual budget in last fiscal year. Consideration of sufficient operating reserves will be made of shortlisted candidates.
The proposed project can be newly created or an existing one. We also welcome projects that have already secured partial funding.
This is a 2-year grant and the proposed project should start no later than December 31, 2020.
We will fund projects from HK$1,000,000 to HK$4,000,000 depending on their scale and potential impact. Based on a project’s merit, special consideration may be given to projects requiring funding above this level.
Please note that the approved sum may differ from the requested sum. A detailed Funding Agreement will be signed upon mutual consent.
We accept proposal with budget lower than HK$1,000,000. Such proposal may be considered subject to the project’s merit and impact.
This fund covers overhead cost which is directly related to the proposed project, e.g. direct staff cost, etc.
Successful applicants should submit an interim and a final report. The report should provide project status and achievements (e.g. outputs and outcomes), financial statement and expenses, performance against mutually agreed-upon evaluation mechanism.
A multi-tier assessment mechanism is in place, which we believe is transparent, fair and robust.
The process will involve an initial assessment by an independent panel who will make recommendations to HSBC Private Banking for final decisions.
The assessment criteria include (1) relevance, (2) impact, (3) feasibility, (4) innovation, and (5) scalability. Details of each criteria would be shared in the Online Training Session.
HSBC Private Banking reserves the right to make the final decision in the event of any dispute.
We encourage you to take social distancing measures into consideration when designing your projects. All projects must commence by 31 December 2020.