Our funding philosophy
The Bequest’s approach to funding
To best utilise its resources, Wyemando seeks to:
- develop long-term relationships with organisations that potentially span several years and/or projects
- use those ongoing relationships to minimise the administrative ‘red tape’ associated with traditional funding processes
- support a small number of projects well, with funding proportionate to each project’s size and ambition
- work with organisations to identify performance indicators that are relevant to the community’s own goals, rather than requiring conformity with externally determined goals
Attributes we consider when reviewing applications
- Evidence of need for the project
- Community support and involvement
- Good planning
- Defined project outcomes with an appropriate evaluation plan
- Appropriate endowment of intellectual property rights, where relevant
- Value for money
- Ongoing impact of the project
- Strong organisational governance
- Effective staff and/or volunteers