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The Funding Network
The Funding Network (TFN) is a new charity linking grant-seekers with donors
in an innovative way, and hoping to expand social change giving to a whole new
group of people. Its chairman Frederick Mulder explains.
The Funding Network works by holding Funding Days several times a year in a
central London location (currently a bright and airy room at the Royal Institute
for British Architects near London's Oxford Circus), at which those who attend
can hear ten presentations, ranging across a wide range of issues, and from
a mixture of UK and overseas organisations. All projects are sponsored by a
member (members pledge to give a minimum of £1,000 a year through TFN), and
go through a selection committee also run by the members, which assigns the
ten slots available on the day. To keep it administratively simple and to keep
us responsive to our members we don't accept unsolicited applications.
The morning consists of five brief (15 minutes including questions) presentations
from the charities themselves followed by lunch at which the attendees get a
chance to continue discussions with the presenters and with each other. In the
afternoon, five TFN members get eight minutes each including questions to present
another five projects; the idea is to keep it interesting by having different
sorts of presentations - and because we didn't feel we could ask a charity
to come a long way just to speak for eight minutes!
Then comes the unusual part, a pledging session where the audience call out
their pledges for the presenting organisations, which get written up on flipcharts.
Some participants support one project, some none, some all ten, and the pledges
have ranged from £100 to £10,000 over the day; the great advantage is that by
the end of the session we know exactly what we've raised, and people often
adjust their pledges to make sure an organization they've found particularly
interesting gets the funding it needs (participants can also hand in written
pledges if they prefer). The pledges are made to TFN which then collects Gift
Aid where applicable and pays out a single cheque to each charity; the Trustees
of TFN have of course to make the final decisions about grants. We have been
delighted with the response; each of our first three Funding Days raised over
£50,000 for the presenters. Those who attended seemed to enjoy the chance to
hear about a number of carefully selected projects, the buzz of the pledging,
and the satisfaction of having been part of raising significant sums, and the
charities enjoyed it because they enjoyed having a face to face meeting with
a large number of potential (and actual!) donors and (something we hadn't thought
of) were able to learn what colleagues in other fields were doing.
Those who have attended have ranged from individuals completely new to charitable
giving to trustees scouting for their trusts; many of our participants come
by word of mouth from those who've already attended, and we've had articles
published about us in both the Financial Times and Resurgence (a good range
- we must be doing something interesting!) from which new participants have
come. The projects supported have also ranged widely, from a women's micro-credit
project in Zambia, to a domestic violence project in Islington, North London,
to policy work on transport.
We think that TFN might be especially interesting for trustees and staff from
charitable trusts, and we would welcome you at a Funding Day (our next one is
schedules for Saturday March 1, 2003, and we are hoping to test a weekday Funding
Evening later in the spring); we are happy for people to check out the model.
There is no obligation to give at any meeting; those who wish to become members
will of course be very welcome. Participants can pledge without becoming a member,
but we ask those who wish to sponsor a project to join. Because TFN does both
the presentations and pledging in a single day (though all attendees will have
received a two-page summary of each project before the Funding Day), it would
be helpful if representatives of charitable trusts can get permission to make
commitments on the day. If this proves to be difficult, we are happy to discuss
a different system for trusts, but it would mean sacrificing some of the immediacy
of the current model.
As the founder and Chair of another charitable trust, Prairie Trust, I personally
find TFN a wonderful way of getting away from paper-based applications and actually
getting to hear those who do the hard work of social change on the ground, and
I hope that other trustees who might come in their own right, or as representatives
of charitable trusts, would find this a stimulating aspect of how we work. We
hope to see you at a Funding Day.
More information about how TFN works and the projects which have been supported
is available from www.thefundingnetwork.org.uk.. Both Frederick Mulder and Kate
Thick, TFN's Project Director, would be happy to answer any questions - tel:
020 7586 1442 or email: info@thefundingnetwork.org.uk.
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