At Give Discover, we have always worked towards bridging the gap between grantmakers and NGOs to amplify social impact. We have built up a vast repository of NGO profiles that gives the much-needed visibility to the work that these organizations are undertaking across numerous sectors. We strongly believe that building relationships goes both ways and hence are introducing funder profiles on our platform. Funder Profiles are a great way for NGOs to know about their funders, who they are, what they do and to spot prospective ones that align with their cause area.
With this new feature, the funders themselves, whether they are corporate social responsibility (CSR) divisions, grant-making foundations or philanthropists, can have a platform to broadcast, in real time, precisely what they are doing and who they are doing it with. What we are doing with Funder Profiles now is to try creating a bridge between funders and the non-profits to foster stronger collaborations.
Why Funder Profiles Matter?
The Funder Profiles enable nonprofits to learn more about their funders. It offers transparency into how funders allocate resources, the projects they choose to support and their overall impact in any cause area. It will also assist the NGOs to identify with the funders and create better partnerships.
For funders, this initiative offers them an opportunity to state and explain the extent of their giving. It also serves as the chance to communicate their objectives, collaborations and to present change-making initiatives they have funded.
Key Features of Funder Profiles
Every Funder Profile on Give Discover provides a comprehensive overview of their giving activities. Here are some of the key details the profiles will include:
- CSR Budget/Grant Value: This field shows the funders’ CSR budget for the last 3 years and their grant values for the same period, indicating the funding capacity of the organization.
- Key NGOs Supported: The focus is on presenting the list of the projects/ NGOs, which were supported by the funder, providing NGOs with an understanding of its priorities.
- Programs Supported: This section displays detailed description of the programs funded, including demographics backed, geographies covered and NGOs associated illustrating how funds are utilized on the ground.
- Impact Metrics: Information on the effectiveness of the funding carried out by funders in terms of measurable outputs, the extent of their reach and the degrees of change and growth.
- Policy: This field showcases the organization’s CSR policy.
- Key Personnel: This section lists the leadership team members along with their linkedin profiles to facilitate better connection and enable networking within the sector.
- Organization Website & Social Media Handles: Links to their website and social channels where the NGOs and other stakeholders can find more information about them
- Awards & Recognition: It also provides an opportunity to the funders to display awards reflecting their success in the sphere of philanthropy
- Public Relations & News: Coverage of the funder projects and partnerships in the media enhances their visibility and displays success stories of their efforts.
- Contact Details: Contact details enhance convenient communication to and from the NGOs and the funders if a partnership is to be established.
- Annual Reports: An open window to view a funder’s work, its expenditures and achievements over the years and testament of the long-term vision that it brings to creating change.
How Will This Help NGOs?
The Funder Profiles presented on Give Discover will benefit NGOs in countless ways and would be incomplete without them. Rather than spending a lot of time researching different databases to find out more about potential funders, Give Discover makes it possible for them to go to one place and look for organizations that might interest them.
Furthermore, the openness these profiles present makes it easier for the NGOs to make correct choices should they choose to seek a grant or partnership, help them develop better proposals, focus on the funders’ priorities, and serve as a means of building capacities for big systemic change.
How Will This Help Funders?
The tool will offer a platform to funders to feature all the impactful work being done outside of their core business activities. It will also help them gain insights on what their peers are doing in the segment. Grantmaker profiles will enable effective opportunities for collaboration amongst funders aligned with the same causes, operating in the same geographies and supporting similar nonprofits. This has the potential to power a more integrated, collective impact where multiple funders with similar goals can work together to amplify impact and drive change more effectively.
These profiles give funders the opportunity to tell their own stories, as well as keep tabs on the progress being made toward goals and mission statements for sustainability.
Looking Ahead
As we continue to innovate, Funder Profiles are just the beginning. By bringing exposure to both ends of the social sector ecosystem, we strive towards building a healthy environment that may better facilitate large scale social change through seamless partnerships.
We encourage all our partners in the NGOs and funding institutions to explore this new feature with the intention of benefiting from the enhanced visibility and connections. Together, we can work to create sustained change and bring money and support where it is required.
