Amount of cash to be distributed in five years
The new grant-making charity responsible for distributing the funds raised for good causes by Loteri Cymru is aiming to hand out £5 million over the next five years in Wales.
The ambitions of the charity - Hanfod Cymru - will be outlined by its new chair at a launch event later today (3rd April) at the Pierhead in Cardiff Bay.
At the launch, the chair of the charity's trustees - Mrs Deris Williams - will outline the ambitious aims to support grassroots community charities throughout Wales.
She'll explain the importance of this new funding stream's exclusive focus on Wales, which she'll state is traditionally under-supported by many large UK-wide trusts and foundations.
Hanfod Cymru's interim chief executive officer, Marc Phillips, will also state that a minimum of 20% of Loteri Cymru gross ticket sale proceeds will be channelled to good causes in Wales through the charity.
Addressing an audience of Loteri Cymru partners, affiliates and representatives of third sector organisations, Mr Phillips will issue a call to charities across Wales with an interest in educational, social and cultural benefits to come forward to express interest.
He will explain that applications are invited for the initial Small Grants programme (up to £10,000) and that further grant programmes, for projects up to £75,000 and beyond, will be made available later in the year.
Speaking ahead of the launch, Mr Phillips, who has more than 40 years' experience in third sector, said: "Hanfod Cymru will be dedicated to supporting initiatives that make a tangible difference in local communities the length and breadth of Wales, many of which can struggle to find funding to support their activities."
Hanfod Cymru is constituted as an independent charity, with its own Board of Trustees, operating at arms-length from Loteri Cymru, which oversees the weekly draw.
His announcement follows the news that Wales now has its own weekly, televised lottery -Loteri Cymru, with a £25,000 jackpot. Tickets for the weekly loto draw go on sale next week (10th April) ahead of the first draw on Friday 28th April.
Loteri Cymru is a not-for-profit Community Interest Company. Its chairman, Gareth Davies, will also attend the launch of Hanfod Cymru.
He said: "The whole basis of Loteri Cymru is to create a win-win for the people and places of Wales, where individuals can afford to try their luck at winning a life-enhancing jackpot and their local communities benefit, too.
"Our research has shown that people really like the idea of a dedicated Welsh lottery that benefits local causes. We want Loteri Cymru to become an embedded part of Welsh life, where, as soon as possible, everyone in Wales knows someone who has won a prize or a good cause that has benefited."
Loteri Cymru will offer a weekly jackpot of £25,000, in line with the ceiling allowed under society lottery rules. Tickets cost just £1 and jackpot winners will need to match five of 39 drawn numbers. Other, smaller, prizes will also be up for grabs for matching fewer numbers.
Every ticket - unless it has scooped the jackpot - will be entered free into Loto+, a monthly raffle offering 10 guaranteed £1000 prizes. The first Loto+ draw will also take place on 28th April.
More information on how to apply for funding is available at http://www.hanfodcymru.wales