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SPONSORING PROJECTS
Funding Events - how projects are selected
At each Funding Event, 4-10 charities present their work they wish to attract
support for. Some projects present themselves while others are presented by
a member.
The Funding Network's Selection Committee chooses between 4-10 exceptional
projects from all the projects members put forward ('sponsor'). The Selection
Committee is made up of between 4 and 6 members including at least one Director,
and any member can join.
The presentations are followed by an open pledging session in which attendees
can pledge money towards some, all or none of the projects that have been presented.
Therefore the amount the project receives depends on what participants give.
The Funding Network administers the pledges and collects Gift Aid where appropriate,
paying a single cheque out to each charity approximately 4 weeks after the Funding
Event.
Sponsoring a project - some guidelines
One of the most unusual and exciting aspects of The Funding Network is that
all our projects come from members, who are encouraged to sponsor social change
projects they know about and wish to attract support for. We work in this way
to encourage members' involvement in the social change work going on around
them, and also because we do not have an administrative structure equipped to
process unsolicited applications. Members may sponsor up to 2 projects for any
one Funding Event.
What is involved in being a sponsor?
- Sponsors must be an active member of The Funding Network having
supported one of our events as a donor. Individual membership
is £75 pa and corporate membership is £200 ps and pledges
at events start at £100. To find out more about membership click
here.
- Finding a project that will suit The Funding Network (see below)
for which you are willing to pledge a minimum of £250 if it is
selected. This £250 is intended as a 'bona fide' - an indication
that you are confident the project is sound and would spend the
money wisely. If you don't know the organisation well, you should
assure yourself of this by reading their Annual Report or latest
accounts.
- Deciding whether you would like the project to be presented
by a representative from the organisation or if you're happy to
present the project yourself.
- Giving the project advice (how much is up to you) on writing
a two-page application, contact our Co-ordinator for the 2 page
application guidelines.
- Sponsors are excluded from being on the selection committee
considering their project.
The closing date for the application will be announced well before each Funding
Event, but it is generally six weeks before the Funding Event. Applications
can only be received electronically. Please ensure that the version
you submit by email is the final one to reduce administrative costs.
Our Coordinator can confirm the submission date or help with any
other enquiries:
Email: info@thefundingnetwork.org.uk
Telephone: 020 7243 0667
Since there are only a specified number slots at any given Funding
Event, we advise against promising a project/organisation it will
get a chance to present. If your project doesn't get a slot the
first time you can resubmit the same project a second time. Note
however, that if their project is selected, we can coach them on
presentation skills if they so wish. Finally, as the amount raised
depends on attendance and enthusiasm at the event, we suggest you
encourage the project to think in terms of £5,000, whilst understanding
that it may not get the full amount.
What kind of projects will the selection committee favour?
The Funding Network focuses on social change projects, namely projects
that address the root causes of an issue, or pioneer new ways of
tackling problems, and that actively promote transformation or change.
The Funding Network recognises that many such projects have difficulty
finding support. Unlike many funding bodies, we will fund core costs
such as salaries and overheads. Although we are not restricting
applications to projects of less than a certain size, we suggest
you sponsor small and medium-size organisations for whom £5,000
would be a useful contribution. We will endeavour to cover a range
of issues at each Funding Event. As we are a registered charity,
our projects must either have charitable status or a purpose which
is charitable under UK law. We welcome projects which will benefit
both the UK and overseas.
At some Funding Events we may have space for a presentation by
an organisation that does not have charitable status but is working
towards social change. In this case those attending who pledge will
do so directly to the organisation and not through The Funding Network.
What about conflicts of interest? Sponsors may not be in
the paid employ (including consultancy) of a project they sponsor,
although members can invite another member to sponsor a project
they work for. Other kinds of personal connection with projects,
such as trustee/mentor/volunteer relationships, are fine. Members
are asked to clarify their relationship to the project when the
two page application is submitted.
The selection process? Each project submits - at most -
a two page application. There are often between 20 and 30 projects
put forward and before the committee meets some due diligence is
carried out: checking the annual reports and (particularly where
a new charity is applying) talking to the staff to clarify status
and viability. This information is added to the application and
shared before the meeting. The Funding Network is risk orientated,
and recently created organisations always receive a fair hearing.
Committee members first rank the applications, the rankings are
merged and the top 10 - 15 discussed when the committee meets. We
know that passion and great presentations make a huge difference
to the success of our events, so we arrange a conference call on
the evening the committee meets. Each short-listed charity has an
opportunity to make their pitch very succinctly, and committee members
have a chance to ask questions directly before making their decision.
4 - 10 will be chosen. In making their selection the committee also
aims to select a variety of causes for any one event, to reflect
the variety of interests of our members. In the case of a themed
event (in September 2007 the focus was the environment) projects
selected will all be within the theme chosen. If you'd like to join
the next selection committee (info@thefundingnetwork.org.uk)
we'd love to hear from any Funding Network member. We exclude sponsors
from the meetings where the cause they are promoting is being considered.
Meetings are informal and held on a weekday evening in London at
one of the member's homes.
Sponsoring a project is very rewarding. We hope you will
try it!
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