Grant Giving Policy
The policy of the Foundation is to approve grants to a level consistent with its annual investment income. As the Foundation’s assets are not permanently endowed the Trustees may, at their discretion, also distribute capital.
All grants must meet the Foundation’s principal objectives of providing support for people with learning disabilities.
To achieve this, the policy is to make grants to UK registered or exempt charities which provide services principally to adults with mild to moderate learning disabilities. Projects or services of an innovative nature will be of particular interest to the Trustees.
Support is also given to individuals especially where related donations are received accompanied by a letter of wishes.
Items of Expenditure
Trustees will generally favour applications for grants for items of a capital nature but grants for specific revenue projects will be welcomed especially where these are related to the development of new or innovative services.
The Trustees wish to ensure the most effective use of their limited funds. With this in mind the main annual support will be made to 6 to 10 specified charities with an annual turnover of between £1m and £20m. Annual grants will be made of up to £25k and can be made for up to 3 successive years. These limitations may be altered at the Trustees’ discretion.
The Trustees identify suitable charities and invite them to submit funding proposals using the Foundation's application form. These must be submitted prior to early November when a sub committee of Trustees will review applications. A full meeting of Trustees then decides in December which of these they consider suitable for support and may then ask for additional supporting information to be submitted prior to 31 March. At their meeting in April, subject to any further due diligence the Trustees may require, the successful applicants for the coming year will be chosen.
Organisations selected for grants will be requested to report regularly on the progress and outcomes arising from our funding. Progress will be measured against a set of performance criteria agreed with the grantee charity at the time of the grant.
Please note that the Trustees have already identified the charities to be supported through to March 2019.