A Presentation from The Fore Trust: Focusing on smaller charitable organisations
The Bulldog Trust owns and operates The Fore Trust, founded in 2012. They operate out of the stunning Two Temple Place, built by William Waldorf Astor in 1895.
The Fore Trust make grants to small charitable organisations. They are a seed investor in the charity sector, looking for small organisations at the early stages looking for an injection of cash to take them to the next stage.
Funding for first timers is hard. You often don’t get any feedback on failed applications. It is easier for corporate funding to go to larger charities. Not only do they get a pronounced reputational bump but less due diligence is required. Small charities don’t have the network to draw on.
The Fore focus on these small organisations with no more than £1 million turnover.
They provide feedback on all applications to help ensure the same mistakes aren’t made on future applications.
They offer £30k over 1 to 3 years.
They also offer access to a pro bono network. Mid to senior level executives in accounting, law and finance. Matchmaking people who are looking for ways to get involved at a level commensurate with their skills. Offering real strategic assistance.
They hold monthly workshops held in-house on topics such as:
- Law for charities
- Trustee recruitment strategies
The Fore offer three funding rounds a year. They are led totally by the organisations that apply. They try to be friendly and supportive.
Applicants need to write a 3-page compelling pitch to convince The Fore they are right for funding, including details on how the funds will be transformational, how much they need and over what period and what they will do with it.
They are trying to inspire change within the sector.
The Fore also work with businesses to become funding intermediaries, raising money to give away through grants. Organisations looking to invest CSR funds in a different way. The Fore offer themselves as a partner to do due diligence or perhaps choose which charities to support. It can be an exciting offer to businesses to give something back to their staff. Millennials value the social involvement of the companies they work in very highly.
The Fore position themselves between organisations looking for capital and people with capital looking to spend or invest. 75% of organisations who receive this initial investment go on to find further funding.
The Fore would like to be bigger and their business model is designed for expansion.
The Fore Trust host an annual Winter Exhibition, this year’s subject is Rhythm & Reaction exploring the impact that Jazz had on Britons from 1918. The exhibition is free and runs until 22nd April.
A copy of the presentation given at The Fore can be found here.