Funding Surgery Event Highlights and Key Takeaways
Explore the insights shared during the Funding Surgery event, covering topics such as fundraising trends, the cost-of-living crisis, creating compelling bid cases, and finding the right funders. Understand the importance of meeting funder requirements and engaging with beneficiaries to enhance your fundraising success.
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Presentation Transcript
Welcome To Our Funding Surgery Welcome To Our Funding Surgery Collaboration between: Tandridge Voluntary Action Reigate and Banstead Voluntary Action Central Surrey Voluntary Action
Agenda Agenda 10.05-10.45: Ian McLintock, Founder, Charity Excellence Framework Fundraising and Cost of Living Crisis Getting the Basics Right How to Create a Compelling Bid Case How to Find Enough of the Right Funders 10.45-10.55: Q&A 10.57 Next Funding Surgery, Survey and Close
4 Steps To Funding Bid Success
What Well Cover Today Fundraising & The Cost-of-living Crisis Getting the basics right Making a compelling case - your case for support Finding enough of the right funders
Fundraising Trends Covid versus 2023
2022 Covid
2023 Covid
Getting The Basics Right Those That Don t Don t Get Get Any Funding
Remember Who This Is About It s not about what we want but; What the funder wants and our beneficiaries need We ve checked the funder s website to ensure our bid fits what they want and; If possible, we ve engaged them, by meeting them, phone or email And they may give you feedback that will help in preparing your bid
We Meet The Funders Requirements We meet their eligibility criteria and; Have complied with any instructions How bid is to be submitted online, by e mail etc Includes all the information they ask for We meet any deadline dates, word counts, guidance on attachments
Making A Compelling Case If You Don t Submit Quality Bids How Many You Submit Doesn t Matter
Weve Made Our Case Well It includes the facts, figures, arguments to make a compelling case Explains why we are best placed to deliver the project/initiative And conveys the urgency of the need Costs have been identified and accurately estimated Including a share of any overheads, such as rent, insurance etc But, no more than the funder is likely to accept; usually 10% - 15%
It Will Engage The Funder It s short, clear and will be understood by anyone reading it Usually, no more than a couple of pages It s jargon free, with any acronyms easily understandable or explained It s emotionally engaging People give to people and want to know that: Their money will make a difference to an issue that matters to them
Success Rates? How successful you will be depends on a lot of factors But a very crude rule of thumb is: 1 in 3 for warm funders and; 1 in 10 for cold The advice above, will help move the probability of success in your favour, but . That s still a lot of bids to write, so how can we manage that?
Core Case For Support Submit Better Bids More Quickly
Core Case For Support Why? It Saves You Time when writing multiple bids, which you ll need to do Better Quality Bids - it includes your best arguments, facts and information Better Quality Comms use it for social media, website, meetings .
CoreCase For Support How? Succinct too much and they may miss your key points, or stop reading Jargon Free no waffle, acronyms or jargon they won t understand Urgent they get why they need to fund you now huge competition Emotionally Engaging they see the difference this will make to people s live Compelling they get why funding you is really important Convincing they have the facts and information they need
Core Case For Support What? Background information on your charity and its activities What the need is and why addressing this is important and urgent How you meet the needs of your beneficiaries and the impact this will have Evidence your work - facts, information and/or examples of recent successes
Finding Funders Not Just Enough, But Also The Right Ones For You
Choose The Right Database DSC Funds Online 4.5k trusts, cost 400 pa, share licences, visit London office Grants Online 5k funding schemes, 118 pa My Funding Central free for groups up to 30k pa income Charity Commission free, 15k grant makers, but no info on grant making Funding Finder free, simple, 100k funders globally, 50+ funder lists
Other Ways To Find Funders There are now a lot more BAME funders, or those who prioritise BAME groups Not just who you are, but also what your project is and the difference you make New funders already engaged with your cause check annual accounts Newly registered grant making charities, others don t know about yet Rekindle old relationships lapsed donors Upgrade your existing donors
Finding Funders - Options There are now a lot more BAME funders, or those who prioritise BAME groups But also think about the difference you make loneliness, mental health Your size many funders prioritise/only fund small organisations Who you help older people, younger people The better the fit with a funder, the more chance you have of success
SUMMARY Get the basics right or the bid will fail, no matter how many you submit. Submit a compelling bid there s a lot of competition and quality always matters Create a core case to help it makes bids more effective and quicker to write Find enough of the right funders for you
Its not about what you want, but what the funder wants and what your beneficiaries need
www.charityexcellence.co.uk 50+ funder lists, Funding Finder database and everything is free
Dates of Next Funding Surgeries Dates of Next Funding Surgeries 16th November, 10.00am Funding Fair presenters from national and local funders Your Voice Let the Funders know what you want TBC: Cost of Living Crisis Evidence and Impact finding meaningful local data Surreyi and NPC Local Needs Databank Digital Fundraising
Summary and Close Summary and Close Thank you everyone Please complete our survey (link in chat box and on VARB website) Presentations and information on VARB website: https://www.varb.org.uk/
