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TRUST FUNDS Opportunities and Approaches. 8 th October 2010. Background. There are 8,800 UK Trusts and Foundations In total UK Trusts and Foundations give £2.1billion per annum 71% of the supported activities are from Social Care, Education, Health and the Arts.
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TRUST FUNDS Opportunities and Approaches 8th October 2010
Background • There are 8,800 UK Trusts and Foundations • In total UK Trusts and Foundations give £2.1billion per annum • 71% of the supported activities are from Social Care, Education, Health and the Arts
Why apply to Trusts and Foundations? • Reductions in central government funding for adult education • Reductions in, or the demise of, local government funding for adult education • Increased competition for national funding, such as the Lotteries, as other funding streams disappear • Trusts and Foundations are independent and have their own resources to allocate.
Assessing your funding needs • How much money do you need? • What is it for? (capital / revenue) • How will you use the money? • When do you need the money by? • How many funders will you approach? • Will different grants be inter-dependent?
Are you eligible for funding? Consider: • The status of your organisation • The turnover of your organisation • The level of funding you need • What other sources are available • Where in the country you are based • What field you are working in • How you will spend the money
Meeting the funding criteria • Registered charity, community or voluntary group, social enterprise • Address the priorities, aims, objectives and deliver against the outcomes • Work in partnership with other organisations, rather than in isolation • Develop innovative responses to existing problems or identify new ones
Esmee Fairburn Foundation Priorities: • Cultural life of the UK • Education and learning • The natural environment • Enabling disadvantaged people to participate in society Funding available: Average grant from the Main Fund is £64,500 Exclusions: • Capital projects • Vocational training • Conferences and seminars Application process: Atwo-stage application process (2 page outline followed by a full application). Timescale: A minimum of five months to receive a decision
The Garfield Weston Foundation Priorities: • Education • The arts • Health • Welfare • Environment Funding available: From £100 – £2,000,000 Exclusions: • One-off events • Salaries or positions (but contributions to core costs are eligible) Application process: A basic details form and a letter of application required Timescale: 3 to 4 months to receive a decision
Joseph Rowntree Charitable Trust Priorities: • Peace • Racial justice • Power and responsibility • Quaker issues • Northern Ireland and promoting a peaceful society Funding available: From £100 to over £100,000 Exclusions: • Buildings • Business development or job creation Application process: An application letter (including budget, accounts and equal opportunities policy) and a completed registration form Timescale: 10 weeks to receive a decision
The five-minute-project TASK In groups, develop a project proposal - in five minutes -which could be used when applying for funding to one of the featured Trusts. Focus on the following headings in your proposal: - Aim of the project - Objectives - Target audience - Resources required
Working together • Y&H and NW regions are sharing information on Trust funds and developing joint procedures to speed up the application process. • More work still to be done in identifying and ‘courting’ appropriate Trusts or Foundations who may support our work if they get to hear of it. • Further developments need to take place to sustain, via applications to Trusts and Foundations, successful project activities coming to an end.