For a Fair Economy and a Better WorldMain Grants section
Full Cost Recovery
We recognise and want to fully fund the true costs of delivering project activity. We know that grantholders have to meet their overheads to deliver excellent work from a secure platform. See the CASS Business school, NPC or the Community Accountancy Self Help service for more information.
Paying the Living Wage
We are part of the Living Wage Funder scheme, a group of funders that support grant holders to pay the Living Wage and meet the cost of living. This means that we expect grantholders to pay at least the Living Wage on any staff posts supported by us, unless we agree there are good reasons for this not to happen.
We want to be open about the reasoning behind our funding decisions. All second stage applicants receive the relevant minute from the Trustee meeting where their application was discussed, so they can fully understand our decision. We believe transparency is an important basis for our relationship with grantholders.
We support the principles of open data and share our grants data as part of the 360Giving open data platform. We believe that with better information, grantmakers can be more effective and strategic decision makers. 360Giving provides support for grantmakers to publish their grants data openly, to understand their data, and to use the data to create online tools that make grant making more effective.
Our awarded grants (other than those made to individuals) since 2007 are available:
This work is licensed under the Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/. This means the data is freely accessible to anyone to be used and shared as they wish. The data must be attributed to Friends Provident Foundation.
A Flexible, Partnership Approach
We work in partnership with grantholders to provide funding in a way best suited to their project and recognise that projects’ needs can change. We are open to discussion around the best way to set up a grant, and to making changes to it over time.
Our grant making programme is about creating change at an ambitious level and so requires brave and bold ideas. Sometimes these may not work as planned. We are open to learning from what works and what doesn’t and will support our grantholders in both situations.