Small charities will now be able to apply for multi-year grants to cover basic running expenses and other core funding costs, following a major policy shift at the Masonic Charitable Foundation (MCF) – one of the largest grant-making charities in the country.
Until recently, the MCF, in common with many other charitable foundations, has tended to concentrate on project-based funding, which generally provides more measurable results. The MCF also gives one-off unrestricted grants of up to £5,000 to small charities for general charitable purposes.
However, having identified the growing issue of smaller charities facing difficulties due to lack of core funding, the MCF has bucked the trend amongst similar grant-giving bodies to address the issue and has expanded its current programme of non-ring-fenced grants.
The new grants are available to charities with an income of no more than £500,000 a year, often much less, and will be for a maximum of £5,000 per year over 3 years. The first round of these extended unrestricted core funding grants has just been announced for 22 small charities.
It is hoped that these multi-year unrestricted funding grants will help sustain charities, enabling them to deliver services to those most in need. The MCF aims to monitor and evaluate these grants and hopes to share any learning within the sector regarding the effectiveness of this grant-giving.
Funded by Freemasons, their families and friends, the Masonic Charitable Foundation is the national freemasons’ charity. In 2017, the MCF provided grants of more than £5.6 million to 770 national, regional and local charities across England and Wales.
David Innes, Chief Executive of the Masonic Charitable Foundation, said:
“There are many small charities that struggle with basic running costs. Project-based funding is fine, but if they can’t pay the electricity bill or put petrol in the car, delivering services to clients can be difficult if not impossible. Many charities cease their vital activities because this kind of funding is not available. This is why the MCF’s new core funding initiative, on behalf of the Freemasons of England and Wales, is so important.”