Types Of Funding
Successful fundraising happens through good planning and investing time and energy in the process. Generally speaking, prospective funders will look more favourably on organisations which can demonstrate their credibility.
Credibility can be demonstrated by the following means:
- a proven track-record in this field
- an appropriate structure
- a business plan
- a thorough feasibility study
- support of partner organisations (which themselves have credibility)
- community support
Funding Sources
Grants
| Funding Sources |
Characteristics |
Sources Of Information |
| Local council |
May have very specific requirements in terms of activity targets, evaluation etc. |
|
Competition creates a down turn in facility use
|
May have very specific requirements in terms of activity targets, evaluation etc.
|
|
Sport England
|
Has a national and a regional program
|
|
National Governing Bodies for Sport
|
Not every sport has a national governing body but, where they exist, they may provide specific funding or support opportunities
|
|
| Charitable trusts |
Can have strings attached (eg publicity requirements) |
|
| Lottery funds |
|
|
| Companies |
May be no strings attached; may expect some publicity in return |
|
Reliefs
| Funding Sources |
Characteristics |
Sources Of Information |
| Local council |
Examples include business rates relief
|
- Talk to your local council about what they can offer
|
‘Selling’ goods and services
| Funding Sources |
Characteristics |
Sources Of Information |
| Local council |
A Service Level Agreement or contract
|
- Local councils may invite tenders for specific pieces of work
|
| Individuals and organisations
|
Coaching, training, merchandise, venue hire, sub-letting etc.
|
- Decide on what services you have to sell and what your target market might be – from selling sweat shirts to members to team-building days to local companies.
- You may also be able to generate income by sub-letting parts of the asset.
- Check that this trading does not impact on your VAT liabilities.
|
Loans
| Funding Sources |
Characteristics |
Sources Of Information |
| Banks |
|
|
| Community Development Finance |
CDFIs are sustainable, independent financial institutions that provide capital and support to enable individuals or organisations to develop and create wealth in disadvantaged communities or under-served markets.
|
|
| Regional Development Agencies |
A Service Level Agreement
|
|
Gifts in kind
| Funding Sources |
Sources Of Information |
| Any service provider |
- Any organisation or individual may offer a good or service for free or at discounted rate.
|
Contributions from individuals
| Funding Sources |
Sources Of Information |
| Members,
Service-users,
Local community |
- Gifts of money (registered charities can claim Gift Aid)
- Membership fees
- Fees –
eg for using sports facilities
Bar / cafe
- Charges –
for spectators
- Fundraising
events (concerts, discos, car boots etc.)
- Raffles
- Bequests
- Sponsored events
|
A Note On Gift Aid
Where an organisation is registered as a charity and the donor is an income tax-payer in the UK, the organisation can claim back the basic rate of tax paid on the gift. Currently (March 2008), the basic rate of tax is 20%. This means that if a UK income tax payer makes a gift to a charity of £100, the charity can claim an additional £20.