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For Funders

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

Independent research commissioned by The Good Exchange found that found that 58% of funders are seeing an increase in the number of funding applications they receive and 56% see more charities closing.   In addition, with 20% of grant applications not meeting funder’s grant-giving criteria and only 30% of all applications receiving some money, charity fundraisers waste hundreds of hours making unsuccessful applications.  Over half of grant-givers surveyed agreed that a single, on-line, stage 1 application form would improve processes and save time, 75% agreed that technology could enable better collaboration, 92% confirmed that technology does not have to substitute the human interaction between grant-maker and applicant and all agreed that technology could help.

How can those giving charitable grants make more use of technology to drive proactivity and collaboration and still retain full control over the grant making process?

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.

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

Independent research commissioned by The Good Exchange found that found that 58% of funders are seeing an increase in the number of funding applications they receive and 56% see more charities closing.   In addition, with 20% of grant applications not meeting funder’s grant-giving criteria and only 30% of all applications receiving some money, charity fundraisers waste hundreds of hours making unsuccessful applications.  Over half of grant-givers surveyed agreed that a single, on-line, stage 1 application form would improve processes and save time, 75% agreed that technology could enable better collaboration, 92% confirmed that technology does not have to substitute the human interaction between grant-maker and applicant and all agreed that technology could help.

How can those giving charitable grants make more use of technology to drive proactivity and collaboration and still retain full control over the grant making process?

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.

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

How can The Good Exchange Platform help a charitable funder?

  • Align funding strategy with funding needs
  • Pro-actively match applications to funding criteria for rapid short-listing
  • Full grant management service with funder retaining complete ownership of due diligence & decision-making processes
  • Offer match funding for greater financial impact
  • Collaborate with other funders for optimal giving
  • Optimise charitable value
  • See only relevant, eligible projects and cut the number of unsolicited applications
  • Streamline decision making by merging information from charitable causes seeking funding with your Customer Relationship Management (CRM) system

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