Private funding program
If you want to invest or have the network to develop a funding pot of over £50,000 then we will offer you the opportunity to have your own funding program.
YHF will develop a fund in a name of your choice. We will work with you to develop a funding board/panel (YHF CEO must be one of the panel members) to make the decisions on allocation of funding. This board will need to be a minimum of 4 people.
All funding raised in conjunction to this fund will be financially managed and reported to the YHF Board of Trustees, and shown as a separate ring-fenced fund in our financial statements.
YHF can offer to work with/on behalf of the funding Board/panel to:
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1) Guidance
Provide guidance to the Board around the focus/aim of the fund including spend and priorities for each round, based on our knowledge of both the sector and local needs.
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2) Application and guidance
Develop a guidance pack and application form for agreement with either a task and finish group or the whole board.
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3) Advertise and promote
Advertise and promote the funding round to both our members and associate members and the wider community across Harrow.
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4) Administer the process
We receiving and processing completed applications, including pre-assessment to ensure applicants meet the criteria/due diligence and only submit those that successfully pass this process for Board/panel decision making.
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5) Supporting the Board/panel
Prepare all papers, including a scoring process for the panel and panel meeting preparations and minute take, administrate and support of the Board/panel meeting.
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6) Communications
Correspondence with both successful grantees and unsuccessful applicants, including feedback designed to support them in future applications. YHF will continue communication with successful grantees throughout the process and create a report at the end of the funding period.