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Flexible, unrestricted funding has ‘greatest effect’ for grantee growth
['Shafi Musaddique']
Alliance magazine
Flexible, unrestricted funding, along with autonomy, has the ‘greatest effect’ for grantee growth and confidence, according to a new study funded by major US philanthropist Mackenzie Scott.
Research – published by the Global Fund for Children, via its Global Impact Study – shows that an overwhelming 94 per cent of respondents said that the fund’s flexible funding approach positively impacted on their work.
Large funding streams – approximately around $100,000 or more, have the greatest impact on grantee confidence.
‘GFC’s flexible funding allowed us to test and incorporate this within our on-ground work.
Scott’s funding goes towards UNCF’s aim to create a pooled fund that will eventually distribute $5 million for every member.