- Trusts and foundations can use their resources in several ways ‘beyond grant-making’
- Trusts can pursue an ethical or socially responsible investment policy. What a trust or foundation does, therefore, with its capital asset is not necessarily divorced from its charitable purpose – it can use those resources to further that purpose. Programme related investment RI has always been an option for most trusts and foundations in the UK but few practice it.
- Intellectual assets are also an under-exploited resource. More could be shared and documented.
- The way funders fund can actually undermine the organisations that the grants are intended to support when they are short-term, don’t cover full costs, etc.
- Applicants have to complete several completely different forms for different funders which is wasteful for everyone.
- Only a handful of UK trusts and foundations set out explicitly to support organisations for a period any longer than three years even though the benefits of long term funding are mutual.
- Most trusts and foundations assert that they are keen to support pilot projects or innovative work – but many of them struggle subsequently to ensure that the lessons learnt are applied elsewhere and, if the project is a success, to work out how they can help replicate it.