Foundation Practice Rating
What is the Foundation Practice Rating?
Foundation Practice Rating is:
a rating system assessing foundation practices in relation to accountability, transparency and diversity;
- based on consultation with the wider voluntary sector about what matters to them in their interactions with foundations;
- drawn from existing standards and good practice sources;
- an intervention to create incentives to improve how foundations fund organisations and individuals;
- funded by trusts and foundations who are also rated and driven to improve.
Foundation Practice Rating is not:
- a ranking. In a ranking foundations are ranked from best to worst. In our rating, we report the results by letter grade, A, B, C or D and as such all foundations could be in the A category or all could be in the D category. We do not differentiate between different As, an A is an A in our rating;
- an attempt to name and shame trusts;
- designed to “catch out” foundations with poor practice. You can refer to our how to do well document to help improve your practice.
Foundations, get ready to be assessed.
You can read the criteria here: https://t.co/3E6yEA2508
#FPracticeRating #philanthropy https://t.co/uyxPRrophG
Foundations! On what criteria might you get rated in this year's Foundation Practice Rating?
Answer: the same as last year! So get ready.
They're all here: https://t.co/DnptPau87e
More detail here:
@FPracticeRating #philanthropy #foundations #governance
"Without an effective framework to capture DEI data there can be no effective action to identify & target funding to address structural inequalities"
Find out more 👇
https://t.co/LsFiZDjCs3 #philanthropy @FPracticeRating
Timi Merriman-Johnson aka @mrmoneyjar, a Financial Content creator & National Numeracy Ambassador.