The Todd Foundation has changed to a more pro-active, collaborative funding approach in 2018. Our goal is to support long-term social impact more effectively. As part of this change we are no longer running open application rounds. Click here to see our new strategy and approach in full.
In 2016-2017 we undertook a strategic review of our funding processes. This showed that from 2006 to 2016 the number of applications we received increased ten-fold – but the chances of an application being successful dropped from over 50% to under 15%. Being mindful of the work that goes into every unsuccessful application, we decided it was time to look at what we could do differently.
We wanted our funding processes to support real change in communities, reduce compliance costs for organisations, and promote collaboration rather than competition. So we talked to local funders and funding experts, looked at overseas models and worked with our community partners to develop something new. We developed a new strategy and approach that provides funding for:
- Change Initiatives in key focus areas, where we can support collaborative, strategic initiatives creating sustainable, long-term change (the majority of our funding).
- Collaboration with other funders to providing co-ordinated funding and share learnings.
- Capability funding for key organisations which support and strengthen the community sector.
Our last funding round for the General Fund closed on 15 August, 2017 and our final tertiary awards were made in 2018. Our Partnership Funding and Special Focus fund have also closed – but we continue to meet the funding commitments we made under these funds.
The change has seen staff move from processing hundreds of applications a year to spending more time networking, engaging, and building relationships. This has allowed us to work more closely with communities to understand the underlying issues that are affecting them and the strategies and initiatives that are most effective in making change. We are working to identify, develop and support co-ordinated community responses to achieve systemic change.
We have existing funding commitments over the next few years, which will allow us to phase in the new approach during that time. Our experiences over the past eight years with Partnership Funding, and more recently with our Youth Employment initiatives show the potential of giving time to building collaborative relationships and supporting long term change. We are as interested as ever in whether things are working – and under our new approach we can learn and change as we go.