Transforming how voluntary organisations get funding
Seventy five percent of charities have an income of less than £100,000 a year yet between them attract under 2.5% of the total donations and grants that come into the sector. Charities with an income of £10,000 a year or less – 43% of the sector – receive less than 0.5% of the total funding that come into the sector. This is because many funders don't offer small grants due to high admin costs and many corporate and individual donors aren't aware of the amazing work of the many small organisations on their doorsteps.
These organisations don’t need large amounts of funding to keep going but they often face the biggest barriers to accessing grants and donations. We want to change this by digitally streamlining access to small grants so that they can be distributed in a cost effective way making it easy for small organisations to get the resources they need. Our work has already begun with number of successful pilots completed in 2019 and in 2020 we will launch a new digital grants and payments system with Do IT Life.
Our aim is to involve other funders and companies too so that we can open up further funding channels. And by building a digital ecosystem of funded organisations with Do IT Life we can help them to raise their profile and attract even more support so they can carry on making a difference to our communities.