The Fore Publishes a New Report: It’s Not Just About The Money
July 8, 2022
The Fore’s research has already demonstrated that its unrestricted funding catalyses impact and growth. Now, its deep dive report into the impact of The Fore’s venture philanthropy model shows that the non-financial support on offer means just as much to grantees.
A new report by The Fore illustrates the importance of wrap around support to small charities and social enterprises. Drawing on the feedback of 81 anonymous grantees surveyed in Spring 2022, The Fore has shown that its venture philanthropy model plugs a critical gap in skills provision within the sector with nearly half of grantees reporting that no other funders they work with provide pro bono support and training alongside grants.
Since The Fore was founded in 2017, it has distributed over £6.2 million in unrestricted grants with an emphasis on empowering organisations to ask for funding for what they really need. Strategic support begins during the application process, as short-listed applicants are mentored by expert grant assessors to develop their organisation’s strategy. Strikingly, 90% of grantees either agreed or strongly agreed that their conversations with the assessors helped them to more clearly describe their organisation’s strategy
The organisations The Fore supports are often embedded in local communities and with extremely small teams they can lack access to business expertise which could support them to become more sustainable or grow their reach and impact. To meet this need, The Fore has delivered over 4,000 hours of training to more than 2,000 participants, connected 130 grantees to skilled Pro Bono volunteers and enrolled a third of grantees on to fully funded impact measurement courses. Nearly 60% of Fore grantees said that the non-financial support they received was just as crucial as the grant.
For grantees, their experience with the The Fore was different to the average, distant funder-grantee relationship, with one organisation remarking “The one-to-one communication and conversations really help to achieve a trusting relationship where you can openly discuss challenges as well as successes”. With collaboration at heart of The Fore’s process, the report has also brought to light some key learning points. Over the next year, The Fore will continue to grow its wraparound support and meet charity demand for peer-to-peer networking events, alongside communicating its skills offering more clearly and streamlining processes to make funding more equitable and accessible.
For additional insights into The Fore’s findings, please download the report here.