The Benefact Group has introduced a novel grantmaking initiative that empowers charities to select subsequent recipients of funding. This “pay-it-forward” model begins with five charities each receiving an unrestricted £2,000 grant. These initial recipients then nominate the next five charities to receive grants, continuing the cycle until 25 organisations have been funded. This approach shifts the traditional top-down funding model, placing decision-making power directly into the hands of those within the sector.
Why this matters
Charities often possess deep insights into their communities and the challenges they face. By allowing them to nominate peers for funding, this model:
- Leverages sector expertise: Charities can identify and support organisations doing impactful work that may be under the radar.
- Fosters collaboration: Encourages a sense of community and mutual support among organisations.
- Reduces application burdens: Streamlines the funding process, saving time and resources.
This initiative aligns with a growing movement towards trust-based philanthropy, where funders provide support with fewer restrictions and greater confidence in the recipients’ expertise.
Fundin’s perspective
At Fundin, we champion innovative approaches that make funding more accessible and equitable. Our platform is designed to simplify the grant application process, allowing charities to focus more on their mission and less on administrative tasks.
We believe that when charities are trusted and empowered, they can drive meaningful change more effectively.
Looking ahead
The Benefact Group’s initiative is a promising step towards more inclusive and efficient grantmaking. As the sector continues to evolve, embracing models that prioritise trust and collaboration will be key to addressing complex social challenges.
For more information on how Fundin supports charities in navigating the funding landscape, visit our website or contact us directly.
