Assessing Grant Applications: What is good practice?
How, as funders, do we ensure the assessment process is fair, balanced and transparent?
A range of different funders shared their experience and approach, and what information they consider in making an informed judgement. It was agreed that there is no magic formula and grant application assessments can depend enormously on the size of the funder, as well as on its mission and its operational resources and who it is looking to receive applications from.
A report produced by NfP Synergy “Inside the mind of a Grantmaker” (2013) looks at the relationship between grant givers and charities from each of their respective perspectives. There is some useful insights into the getting appropriate applications and the application process. You can read more here.
New Philanthropy Capital produced a report in 2009 titled “Granting Success – Lessons for Funders and Charities” that look at the way that charities by trusts and foundations and how the way funding is given can achieve the best for beneficiaries. It also explore how trusts and foundations in the way they receive and assess application from charities can help them to create the most impact. A copy of the report can be downloaded here.
Westhill Endownment is a smaller trust with around £350,000 income to give out. It has recently produced a theory of change that underpins their grantmaking strategy and approach. The value of this evaluation tool is to enable the Trustees to make better decisions when assessing their applications and enable them to create the most impact through their grants.
To find out more about theory of change click here.