For Funders

The on-line charity matching platform built with funders in mind

Years and years of austerity has become the new reality with 58% of funders seeing an increase in the number of funding applications they receive and 56% seeing more charities closing.  How can those with the money best drive proactivity and collaboration to really make a difference?

Proactive grant giving with full control of all decision-making and fund management processes

The established but reactive approach of requiring fundraisers to apply for grants one-at-a-time, and the subsequent allocation of grants to those that have the resources and time to submit applications tailored to each individual grant-maker’s criterion, can be transformed through technology.  With 20% of grant applications ineligible and only 30% of applications receiving some of their money, 100% of grant-giving organisations surveyed agreed that a single, on-line, stage 1 grant application form would help improve processes and save time. 75% agreed that technology could enable better collaboration with 92% confirming that technology does not have to substitute the human interaction between grant-maker and applicant.

From a Fundraiser’s perspective, having to apply for funding to each provider separately takes too long (an average of 264 hours is spent applying for funding per year with only 2 in 5 applications receiving some money). This multiple application approach also leaves some organisations facing closure while others are over-funded.

The automatic matching of charitable causes with multiple funders’ grant-giving criteria enables fast and effective selection, short-listing and awarding of grants whilst at the same time allowing each each funder to retain full control of  their decision-making and fund management processes.

In addition, fundraisers spend less time making grant applications and can focus more time on delivering their core services.

The on-line charity matching platform built with funders in mind

Years and years of austerity has become the new reality with 58% of funders seeing an increase in the number of funding applications they receive and 56% seeing more charities closing.  How can those with the money best drive proactivity and collaboration to really make a difference?

Proactive grant giving with full control of all decision-making and fund management processes

The established but reactive approach of requiring fundraisers to apply for grants one-at-a-time, and the subsequent allocation of grants to those that have the resources and time to submit applications tailored to each individual grant-maker’s criterion, can be transformed through technology.  With 20% of grant applications ineligible and only 30% of applications receiving some of their money, 100% of grant-giving organisations surveyed agreed that a single, on-line, stage 1 grant application form would help improve processes and save time. 75% agreed that technology could enable better collaboration with 92% confirming that technology does not have to substitute the human interaction between grant-maker and applicant.

From a Fundraiser’s perspective, having to apply for funding to each provider separately takes too long (an average of 264 hours is spent applying for funding per year with only 2 in 5 applications receiving some money). This multiple application approach also leaves some organisations facing closure while others are over-funded.

The automatic matching of charitable causes with multiple funders’ grant-giving criteria enables fast and effective selection, short-listing and awarding of grants whilst at the same time allowing each each funder to retain full control of  their decision-making and fund management processes.

In addition, fundraisers spend less time making grant applications and can focus more time on delivering their core services.

Due Diligence

Whilst funders retain overall responsibility for due diligence and assessment of all relevant applications, The Good Exchange’s on-line process ensures that a comprehensive set of application questions are answered and validity criteria met before applications are approved and made available for funder matching.

Funders enter details of the criteria for their different funds, and the platform automatically matches charitable causes with suitable funds and funders. Funders can then select, short-list and award grants whilst maintaining full control of all decision-making, fund management, governance and financial legitimacy analysis. Applicant organisations save time on writing multiple bids, and can even receive extra donations from individuals or businesses also signed up to the platform.

At the conclusion of each project a full Monitoring and Evaluation report is provided, providing full transparency to grant givers and donors.

Funders can also be reassured that The Good Exchange is registered with the Financial Conduct Authority (FCA) for the provision of payment services (PSD2).

Drive independence through Match Funding

 Offering grants through match funding incentivises grant recipients to become more independent by requiring them to run their own fundraising activities and seek additional donations before a grant will be made available.  Grant funders can also collaborate with other grant giving organisations to pool their resources and match one another’s grants.

In addition, match funding offers can also be targeted at specific charitable categories to create a multiplier effect for a particular region or social need (homelessness or mental health) for example by influencing organisations and individuals to donate or set up fundraising activities.

Due Diligence

Whilst funders retain overall responsibility for due diligence and assessment of all relevant applications, The Good Exchange’s on-line process ensures that a comprehensive set of application questions are answered and validity criteria met before applications are approved and made available for funder matching.

Funders enter details of the criteria for their different funds, and the platform automatically matches charitable causes with suitable funds and funders. Funders can then select, short-list and award grants whilst maintaining full control of all decision-making, fund management, governance and financial legitimacy analysis. Applicant organisations save time on writing multiple bids, and can even receive extra donations from individuals or businesses also signed up to the platform.

At the conclusion of each project a full Monitoring and Evaluation report is provided, providing full transparency to grant givers and donors.

Funders can also be reassured that The Good Exchange is registered with the Financial Conduct Authority (FCA) for the provision of payment services (PSD2).

Drive independence through Match Funding

 Offering grants through match funding incentivises grant recipients to become more independent by requiring them to run their own fundraising activities and seek additional donations before a grant will be made available.  Grant funders can also collaborate with other grant giving organisations to pool their resources and match one another’s grants.

In addition, match funding offers can also be targeted at specific charitable categories to create a multiplier effect for a particular region or social need (homelessness or mental health) for example by influencing organisations and individuals to donate or set up fundraising activities.

Strategic Collaboration

The technology acts as the catalyst for change, giving funders control of the bigger picture by enabling them to work strategically and collaboratively to address the root causes of major social issues rather than just addressing that part of a problem which is relevant to them or that they have budget to fund.

Charitable trusts and corporate funders can use The Good Exchange to set up, publish and manage funding schemes and grant rounds, with every application that meets their funding criteria presented in an equal and transparent way, facilitating more objective decision making and ensuring that funding goes to the areas of greatest need.

Instead of considering only their own list of discrete applications for grants, the technology enables groups of funders to work together to rapidly and proactively identify and provide funding to those in need, even if they did not previously know each other.  As funders rarely cover 100% of any project’s costs on their own; these technology-enabled collaborative networks of funders can ensure projects are fully funded without the need for multiple applications, sharing funding information easily and transparently.  This can make the difference between a small charity continually struggling to pay the bills and facing closure to be able to deliver its core service well into the future.

Strategic Collaboration

 The technology acts as the catalyst for change, giving funders control of the bigger picture by enabling them to work strategically and collaboratively to address the root causes of major social issues rather than just addressing that part of a problem which is relevant to them or that they have budget to fund.

Charitable trusts and corporate funders can use The Good Exchange to set up, publish and manage funding schemes and grant rounds, with every application that meets their funding criteria presented in an equal and transparent way, facilitating more objective decision making and ensuring that funding goes to the areas of greatest need.

Instead of considering only their own list of discrete applications for grants, the technology enables groups of funders to work together to rapidly and proactively identify and provide funding to those in need, even if they did not previously know each other.  As funders rarely cover 100% of any project’s costs on their own; these technology-enabled collaborative networks of funders can ensure projects are fully funded without the need for multiple applications, sharing funding information easily and transparently.  This can make the difference between a small charity continually struggling to pay the bills and facing closure to be able to deliver its core service well into the future.

The Good Exchange platform has allowed us to be much more proactive in our giving as it provides an overview of local charitable activity. It also allows us to manage our grant administration in one place which has saved us significant time and effort. We find the ability to see the projects shortlisted by other funders registered on the platform particularly helpful as it allows a partnership approach to funding and means that resources can be allocated much more effectively. Through the platform we have also been able to trial match funding for good causes and this has been hugely successful and is something we will definitely look at doing again.
Catherine Haig
Chairman, Englefield Charitable Trust

The Good Exchange Platform helps with:

  • Aligning funding strategy with funding needs
  • Pro-actively matching applications to funding criteria for rapid short-listing
  • Full grant management service
  • Funder retains complete ownership of due diligence & decision-making processes
  • Offering match funding for greater financial impact
  • Collaborating with other funders for optimal giving
  • Optimising charitable value
  • Cut the number of unsolicited applications
  • Streamline decision making by sharing information from charitable causes seeking funding with funders’ Customer Relationship Management (CRM) systems

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