'Where's the fruit cake gone'?
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Where’s the Fruitcake gone? Paul Streets CEO, Lloyds Bank Foundation 1
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By Paul Streets of the Lloyds TSB Foundation at the Wales Third Sector Funding Conference 2014.
Transcript of 'Where's the fruit cake gone'?
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Where’s the Fruitcake gone?
Paul StreetsCEO, Lloyds Bank Foundation
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Our new strategy
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Our new focus
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ENHANCE A grants plus model - offering an optional range of support to strengthen
the effectiveness of those we fund
What’s available? - 3 programmes
5Source: ACF Giving Trends Top 300
Foundations 2014 Report
Giving Trends
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Source: ACF Giving Trends Top 300
Foundations 2014 Report
Giving Trends
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FOUNDATION
NATIONAL LOCAL COMMUNITY
The Issue
Local Authorities/WAG
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The Challenge
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•Quality wins over quantity. Take the time to get fewer applications right, rather than sending many in the hope that one may get noticed.
•Know your grant-maker. Also known as ‘do your homework’. If you know what the grant maker is looking for, you’re more likely to get their attention.
•People and ideas win grants. Ultimately, the strength of your application comes from the strength of the idea and the people behind it.
•Honesty beyond necessity. Don’t be afraid to consider and talk about what could go wrong and is going wrong.
•Make sure grants are only part of your income mix - ‘don’t put all your eggs in basket’. Relying too heavily on any one source of funding is a mistake.
Our advice to charities is:
Source: Inside the Mind of a Grant Maker, nfp synergy, June 2013
Our
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•Widen your funding base....
•Greater focus on learning and evaluation.
•Focus on Management skills and enterprise
•Especially: business and financial management
Bevan Foundation 2014: Responding >
Source: Bevan Foundation 2014 – The Future of the Voluntary Sector
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