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Helen Macpherson Smith Trust An Independent Philanthropic Trust Chris Wootton 8 October 2010. HMS Bushfires Grants Fund. Helen Macpherson Smith Trust. L.E.W Carty Charitable Fund. John Villiers Trust. Macpherson Smith Community Alliance. Established in 1951
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Helen Macpherson Smith Trust An Independent Philanthropic Trust Chris Wootton 8 October 2010 HMS Trust 2010
HMS Bushfires Grants Fund Helen Macpherson Smith Trust L.E.W Carty Charitable Fund John Villiers Trust Macpherson Smith Community Alliance HMS Trust 2010
Established in 1951 • Initial corpus of £275,000 – current value around $90 million • 3 Grant rounds per year – end of September, January & April (Approx $5-$6 million per year) • Allocate grants via a Granting Policy and Grants Committee of the Trust • Total grants to date of over $85+ million • Support Victorian Charitable Institutions, Public Benevolent Institutions & Health Promotion Charities • www.hmstrust.org.au HMS Trust 2010
Streams • Small Grants (<$25,000) Funding Areas: • Aged Persons Care and Support • Arts, Culture and Heritage • Community Support • Disabled Care and Support • Education • Employment and Vocational Training • Environment • Health and Medical Research
Streams • Strands Priority Areas: • Ageing (research theme) • Belonging • Building Community Spirit • Youth Health (research theme)
Streams • Partnerships Key Features: • Collaborations • Usually multi-year • Capacity building & organisational development • Via an Expression of Interest process
What Makes a Good Grant? • Clearly define the need and your project • Match the granting agency with your project – look at guidelines, annual reports & previous grants • Read guidelines carefully especially any themes, special requirements/eligibility etc • Double-check where your project proposal can be improved • Contact the granting agency and discuss your project informally and gauge reaction • Keep the application clear and precise HMS Trust 2010
NFP/Third Sector – Sources of Income HMS Trust 2010 Productivity Commission, October 2009 Table 4.9
NFP/Third Sector – Sources of Income HMS Trust 2010 Productivity Commission, October 2009 Table 4.9
Common Mistakes? • Too detailed – lay audience (Trustees) • Not reading guidelines • Not checking previously awarded grants • Attaching standard letters of support • Seeking too much funding – relative to other funding partners • Seeking too little funding – limiting the projects success • Failing the ‘replication-test’ • Seeking support for ‘on-going’ programs • Being ‘too passionate’ HMS Trust 2010
Seven Approaches to ‘Good’ Philanthropy Individual-Based Gifts, donations & scholarships Venture capital, micro-credit & social enterprises Project-Based Investment-Based Discrete projects Philanthropy Interventionist Organisation-Based Funder-led facilitation to address a community need Capacity building & unrestricted funding Collaborative Tactical More focused funding Funders work together in common areas of interest HMS Trust 2010
Granting Tensions Responsive Small grants Cheque-book Follow Low Risk Low profile Trust persona Proactive Large grants Value-add Lead High Risk High profile Staff persona HMS Trust 2010
Decision-Making Parameters Granting Professional HMS Trust 2010
Balance of Power Grantor Grantee HMS Trust 2010
Questions/Discussion HMS Trust 2010