The John S. Latsis Public Benefit Foundation was established in 2005 to provide funding and support for various initiatives, not only Greece but across the world. The Foundation was created to honour the late John S. Latsis and carry on his lasting legacy of philanthropy and charity work. Today, the John S. Latsis Public Benefit Foundation is run by a number of family members, one of whom is his son Spiro Latsis. For the last ten years, they have channelled their efforts into helping to give aid and funding into a number of fields and to those who need it most. Some of these areas include social welfare and education. But one particular example of the Foundations charitable work is their “Points of Support Programme”, where they call upon non-profit organisations, like themselves, who are active in social welfare to help maximise the social impact in the field of NGOs.
In their latest philanthropic bid to help people, the John S. Latsis Public Benefit Foundation have paired up with two charities, TIMA Charitable Foundation and Hellenic Hope Charity, to provide grants to projects in Greece who want to help deserving people.
The aim of “Points of Support”
The aim of the “Points of Support” initiative, which was first announced in July 2015, is to reach out to non-profit organisations and volunteers in the social welfare field that want to support vulnerable groups. A grant of up to €5,000 for a period of one year will be awarded to successful projects who aim to help people in Greece who are in need of aid. Projects must be innovative and aim to make an impact in the field of NGOs.
The John S. Latsis Public Benefit Foundation is working with two other charities, sharing their compassion to help others benefit from the work they do. “Points of Support” will specifically fund organisations that are supporting the particularly vulnerable, facing conditions of disease, hunger, deprivation and disability. They seek to remain in sync with and respond to current social needs.
One of the partners in this new initiative is the TIMA Charitable Foundation, who hand grants out to NGOs in Greece. Established in 2011, the Foundation awards grants to non-profit organisations in the fields of health care, social welfare and various other groups who have shown management skills and have achieved long-lasting results. Their work closely resembles the work of the John S. Latsis Public Benefit Foundation as both help similar fields of work.
Hellenic Hope is a UK charity, with an objective to help children within Greece who are in need of aid by giving out food, medication and also support. They are also hoping more people will help assist people in Greece who desperately need aid, whilst promoting awareness of the impact that the current economic crisis is having upon them.
When evaluating projects that have been put forward, The John S. Latsis Public Benefit Foundation, TIMA Charitable Foundation and Hellenic Hope Charity use a specific framework to assess potential candidates. They investigate whether the idea submitted to them is effective and sustainable for the people who they want to help. They also decide on whether it would make a lasting and credible impact on the people in need.
Other factors that will be taken into consideration include the size of the organisations who apply to the Points of Support scheme, as the smaller the amount of people within the organisation the higher it will be prioritised.
Applying for grants
It has been clarified that each organisation hoping to enter into the Points of Support programme has the potential to submit up to two applications for the implementation of different projects. Online applications must be submitted individually rather than being sent in one application. Once the application is sent, candidates will subsequently be informed about whether they are successful in getting to the next stage, where an interview will take place. All applicants will be informed about the final decision via email.
The John S. Latsis Public Benefit Foundation
The John S. Latsis Public Benefit Foundation takes a lot of time and care when deciding on whom to support, taking the time to research which projects they want to invest in and whom they feel will benefit most from their funding. For example, the Foundation helped to assist students from John Latsis’ home region obtain scholarships. Funding is provided to support initiatives from a wide range of areas, including healthcare, scientific, environmental and cultural projects.
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