Trust-based funding

“Just as you wouldn’t give a heart surgeon money and then tell them how you want that surgery done because it’s your money, this approach is about letting NGOs do impactful work by giving them the power to decide where funding goes” - Daniel Flynn, Thank You

What if we moved from the “funder knows best” mindset to supporting NFPs with:
- Longer term funding
- Funding that was not tied to activity-based impact measurement but allowed them to tackle the more complex challenges in the system
- Focus on impact performance, and not overheads, of the NFP

https://probonoaustralia.com.au/news/2020/11/thankyou-unveils-new-trust-based-funding-model/

What do you think?

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Comments

Lynn Wood @ 2020.11.08 6:47 AM
Excellent idea now that we have an effective charity and NFP regulator.

By Katherine Leong

8 November 2020

4 Like

NFP

Israeli crowd-funded social impact bond to address loneliness in the elderly

Loneliness affects both physical and mental wellbeing. According to research by Age UK, it has the potential to triple the likelihood of requiring ongoing hospitalisation and nursing care and increases, by a factor of six, the chances an elderly person might develop depression. What if we could crowd fund investment for a program that reduces loneliness for the elderly? The repayment (with interest) to the investors is paid by philanthropy if the social outcomes are met. This social impact bond is even more unique as NIS1.6m (of NIS 2.3m) was raised using crowd funding.https://www.jpost.com/israel-news/first-ever-crowdfund-impact-investment-to-ease-elderly-loneliness-in-tlv-654720

17 January 2021 by Katherine Leo... 0 Comments

4 Like

NFP

Creating safe spaces for essential workers

Could replicating "wobble rooms" used to provide a "safe space" for hospital staff to relax when they are "feeling a bit overwhelmed" have benefit beyond the healthcare sector?https://www.bbc.com/news/uk-england-tees-55601396Photo source: South Tees Hospital Charity

10 January 2021 by Katherine Leo... 0 Comments

7 Like

NFP

A non-profitable Christmas

A comedic film, featuring The Grinch, about the tensions of funders and non-profits.During 2020 many NFP received a reduction of funding of about 20%, so have been doing more with less, in a year where the need has grown by more than 20%. Merry Christmas to everyone in the NFP sector, we see what you do and we are grateful!https://nonprofitquarterly.org/the-grinch-a-non-profitable-christmas/

15 December 2020 by Katherine Leo... 1 Comments

10 Like