In Australia, Citi and Citi Foundation supports community organsiations through volunteering and the Global Innovation Challenge.
The Global Innovation Challenge provides philanthropic support to community organisations that are developing innovative solutions to social and economic challenges facing low-income communities around the world.
The Citi Foundation launched its inaugural Global Innovation Challenge in 2023, supporting 50 community organisations with a total of US$25 million focused on improving food security globally.
In Australia, Open Food Network were successful in receiving a grant for US$500,000. Read more about the project here.
In 2024 the Global Innovation Challenge will provide a further $25million in funding to 50 community organisations working in novel ways to address homelessness.
Global Sisters, a national not-for-profit that has supported nearly 7,000 Australian women through self-employment, will launch a groundbreaking pilot to provide an affordable pathway to home ownership for women facing housing instability.
Backed by a US$500,000 grant from Citi Foundation, the model will not only deliver housing but also enables asset ownership, creating stability and helping to prevent cycles of poverty for participants.
Youth Co:Lab is the largest youth social entrepreneurship movement in Asia and the Pacific, co-led by the United Nations Development Programme (UNDP) and the Citi Foundation.
In Australia, Youth Co:Lab helps young Indigenous entrepreneurs, equipping Indigenous Australians with connections, capabilities and access to capital to become investor-ready.