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.