#one in five
Grant approach and information
Our Grant-Making Approach
The Prudence Trust is:
Straight-forward – we are friendly and transparent, and we like to keep things simple.
Trusting – we are looking for partnerships with effective management who we can trust to deliver their plan, and we are flexible because we know that things change.
Involved – we are inspired by seeing the impact of our grants, learning from experts and those on the frontline. We want to share our knowledge and play our part in an evolving sector.
Long-term – we want to build long-term partnerships and know that change often takes a long-time to bring out. We want to support activities and organisations which are sustainable.
Open-minded – we are not limited by what others are doing or what has worked in the past. We are curious about new or innovative approaches to long-standing problems.
We seek to live these values in the areas we support and the ways in which we work.
We are targeted in our funding approach – seeking out organisations or initiatives which help us meet our aims and objectives. Practically this means that much of our grant-making is proactive, with grants made through closed or invite-only rounds. Any open calls we run are publicised on our website and social media including clear criteria.
Please note that Prudence Trust does not accept unsolicited funding applications.
Our Funding Parameters
Generally, we fund:
- UK registered charities, CIOs, and research institutions.
- Have an annual income of at least £250,000. This may be higher for some programmes, as we prefer organisations who have the experience and capacity to manage our larger grants or work at scale, alongside some smaller grantees who demonstrate impact and close alignment with our aims.
- Primarily support: young people aged 11-25, whose mission and aims are directly related to children and young people’s mental health.
- Based in and work within the UK, with a particular interest in supporting areas of high deprivation.
- Eligible costs often include programme and project related costs, such as salaries, research and evidence building and policy influencing work, including a reasonable contribution to overheads for restricted grants. We recognise the value of core or unrestricted funding and are open to this type of support for some organisations
- Usual grant range: £30,000 – £300,000 pa and typically range from 1-3 years.
Grant Terms and Conditions
If you are offered a grant by the Prudence Trust, you will receive a Grant Agreement letter outlining what the grant is for, the amount, funding period, and any associated conditions. This will be accompanied by our Grant Terms and Conditions. You should confirm that you wish to accept our grant as soon as possible by returning the declaration form that is attached to your Grant Agreement letter.
Grant Payments
Grants are paid in line with the agreed payment schedule set at the outset of the grant, after we have received your signed declaration form and confirmed your bank details.
One‑year grants, or the first year of a multi‑year grant, are typically paid at the start of the Grant Period. We make grant payments every other month and will schedule your payment for the next available payment run. Subsequent payments are made annually from that date (unless agreed otherwise) and are subject to satisfactory reporting.
Our Grants Data
We are committed to being as transparent as possible. We work with the 360Giving Initiative to publish our grant data using the 360Giving data standard. This work is licensed under the Creative Commons Attribution 4.0 International License. This means the data is freely accessible to anyone to be used and shared as they wish. The data must be attributed to the Prudence Trust.
You can see a list of the grants we have made here.
Reporting
We are a relational, proportionate funder seeking to develop and maintain strong relationships with all grantees of our grantees. As part of this, we ask all grantees to keep us updated on developments throughout their grant. We use milestones-based reporting, agreeing milestones with each grantee at the outset of their grant, and using these as the basis for reporting during the grant period, along with requesting updates on any wider organisational developments eg to strategy, finances or leadership. We provide all grantees with a tailored reporting schedule at the outset of each grant and are happy to provide guidance on how to satisfy each scheduled checkpoint.
We value openness and want to hear about problems as well as successes. We use information shared in several ways, including to learn from your work, share knowledge, meet our own due diligence responsibilities, and to determine additional support or adjustments required to agreed schedules.
We would like you to complete an online form which is personalised to you and your grant. We will send you a link to the online form shortly before your report is due. Please reach out to your grant contact if you would like a template version to plan your answers in advance.
Acknowledging support
Grantees who wish to acknowledge the support of the Prudence Trust by name or include us in a list of supporters in any publicity, display or documentation, please do so. If, however, you’d like to add a further description of the Trust, or its activities, or to include us in a press release, please get in touch with your grant contact for approval in advance.
Contact
If you have a current grant with us, you can email your grant contact directly or get in touch via grants@theprudencetrust.org.
This inbox is for our live grantees only and not for speculative applications.
For other enquiries, please email hello@theprudencetrust.org.
