In approved cases, the trustees will provide assistance towards start-up or capital costs and ongoing expenses. This may take the form of a one off grant or conditionally renewable grant for say 3 to 5 years following which support may be withdrawn to enable the resources to be devoted to other projects.
1) One Off Grants: The Company aims to 'make a difference'; it does not support individuals or very small and narrowly specialised activities but, on the other hand, it tries to avoid 'bottomless pits' and unfocussed causes. Grants made on a one-off basis will be towards core costs or for a specific project for which applicants have requested support. This could include a contribution towards a building/refurbishment project, purchase of specialist equipment or other similar capital expenditure, or assistance with running costs.
2) Conditionally Renewable Grants
Grants made for more than one year can be towards start-up costs, or for a specific item in the applicant's budget such as a salary, core costs or towards the costs of a particular project. Such grants are subject to satisfactory annual progress reports and only released at the trustees' sole discretion.
3) Large Grants (over £25,000)
Large grants are approved as a result of close knowledge of specific charities by one or more of the trustees, often extending over many years.