Core grants: the long an winding road to transformative funding
This paper, developed jointly with Laudes Foundation, explores the use of core grants. Core grants are a flexible funding mechanism with unique advantages and disadvantages. The author, Rod MacLeod, defines the core grant concept, explains how such grants are used, and discusses their strengths. The paper also examines their weaknesses and seeks to explain their limited adoption. In conclusion, the paper suggests that properly deployed core grants can have a transformative impact on recipient organisations. The paper argues that enabling both donors and recipients to achieve their objectives more effectively depends on taking risks, accepting reduced control, taking a broader view about measuring impact, and being honest about potential downsides. The paper argues that enabling both donors and recipients to achieve their objectives more effectively depends on taking risks, accepting reduced control, taking a broader view about measuring impact, and being honest about potential downsides. Successes can be achieved by following these principles.
https://www.intrac.org/resources/core-grants-the-long-and-winding-road-to-transformative-funding/
| Author / Editor: |
INTRAC |
| Release Year: | 2021 |
| Subject: | Monitoring, evaluation and learning |
| Publication Language: | English |
| Publisher: | Rainbow Association Against Discrimination |
| Research | |