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Saturday, 23 October 2021
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GoodCloud to donate 25% of net profits to charity via new foundation

GoodCloud, the world’s first cloud storage platform aimed at Charities, Social Enterprises and SMEs, will set aside up to 25% of its net profits each year for charitable purposes. As part of their new grant-making arm, The GoodCloud Foundation will distribute funding and see that the grants make it to UK-based charities that have a clear and measurable benefit to local communities.

The process works through GoodCloud trustees nominating registered charities that have applied. The scheme will come in two web forms (www.goodcloud.foundation):

  • Small Grants programme – It is anticipated that the first grant round will be open for application in late Spring 2021, with awards being made in Summer 2021. From them, the grants will be made quarterly and will hold value for up to £12,500 each and available for both core and capital costs.
  • Major Grants programme – The major grants programme is scheduled for 2022 and will run alongside the small grants programme. Grants will be for both core and capital costs.

Organisations that have registered are invited to register their interest in applying by completing the web form.

In addition, The GoodCloud Foundation will be holding a number of ‘Good Future Days’ across the UK. These seminars will bring together representatives of invited organisations to discuss and advise on potential grant-making within the third sector. The days will also be a networking opportunity, sharing good practice and having a voice in moulding the future grant programmes of The GoodCloud Foundation.

No grants will be made to individuals, religious organisations – unless there is a clear social impact not tied to beliefs, overseas aid projects and political causes. Full guidelines on causes they will fund are on the foundation’s website at www.goodcloud.foundation.

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