Aims/priorities: The funding is intended for strategic work, including policy work, campaigning and research, which has the potential to improve financial wellbeing at a national scale. The Foundation is interested in funding projects that examine and promote measures to:
- Increase incomes for those on low-to-middle incomes.
- Ensure people have an adequate safety net, building savings and assets.
- Reduce the cost of living, making sure those on lower incomes are not paying more.
- Address issues related to spending and borrowing, particularly where it becomes problematic.
- Ensure that there is fair taxation.
Who can apply? Organisations that are undertaking charitable activities can apply and the Trust welcomes applications from a wide range of organisations, including registered charities, voluntary organisations, think tanks, campaigning groups, research bodies and universities.
To be eligible organisations must have a governing body with at least three non-executive directors/trustees (at least three who are not employees of the organisation or affiliated to it in any other way).
Grant amount: There is no minimum or maximum size of grant, but typically grants range between £10,000 and £200,000, with most being between £50,000 and £120,000 in total.
The funding may be spread over one, two or three years, and sometimes shorter periods, for example six months.
The Foundation makes between 15 and 20 grants each year, awarding a total of over £2 million.
Application process: There is a two-stage application process:
- Organisations submit an outline application via email. A template for this is available to download from the Foundation’s website.
- Short-listed organisations are asked to complete a full application, based on their original submission but with the opportunity to make further changes.
Guidelines and the template for the outline application are available on the website of the abrdn Financial Fairness Trust.
It takes around four to five months from the application deadline to receiving a decision from the Trustees. Applicants will find out if they are shortlisted within two months of the application deadline.
Deadline: Monday 3 June 2024, 1pm.
Contact information: Email: enquiries@financialfairness.org.uk