Isle of Wight residents are being asked to nominate a good cause to receive £1,000.
It's part of this year's Benefact Group’s Movement for Good Awards.
Now in its fifth year, the awards will once again see more than £1million gifted to charities up and down the UK and Ireland.
Since the awards began, people on the Island have submitted more than 5,300 nominations and four Isle of Wight based charities have benefited from valuable donations.
While the pandemic and current economic climate has had an adverse effect on cash donations, the amount of people choosing to volunteer their time for a good cause is rising.
From today, Isle of Wight residents can give a minute to nominate a charity online.
The Movement for Goods Awards has gifted over £4million to charities in the UK and Ireland since the initiative started.
Winners will be drawn at random and the more times a charity is nominated the more chance it has of being selected.
150 winning charities will be announced from June 1, with a further 150 revealed in September. Further gifts will be awarded throughout the year.
Mark Hews, Group Chief Executive at Benefact Group, stated:
“We are immensely proud to be supporting many hundreds of charities through our Movement for Good Awards for the fifth year running.
"We know £1,000 can make a huge difference so we’re asking that people give a minute of their time to nominate a cause they care about.
"Any charity can win no matter how large or small and even with just one nomination, so find a minute, jump online and nominate!"
Benefact Group has donated almost £200million to charitable causes since 2014 and has just been recognised as the third biggest corporate giver in the UK .
The organisation aims to reach £250million in donations by 2025.
Movement for Good is funded by EIO plc, part of the Benefact Group.