FundAction is a new initiative of EDGE Funders Alliance members
What is FundAction?
FundAction is a new participatory fund that will launch in late 2017, supported by four EDGE members.
The aim is to distribute funding to support European activism via a participatory fund, using a pooled funding model.
The ambition is to offer three types of grants:
- Resist: Small quick response grants for groups who are directly affected by political events
- Rethink: Creating a pan-European activist network and community through funds for collaboration, exchange and capacity building
- Renew: Support for new initiatives and ideas that promote systemic change
Normally philanthropic money sits in an institution where staff and board members decide where to spend it.
Participatory grantmaking seeks to involve those directly affected by the issues – the people that the money intends to help – in decision-making about where that money goes.
It can be a more effective way of reaching people and addressing issues of power.
FundAction was born out of conversations between four funders at the EDGE Funders Alliance European Retreat in 2016: Guerrilla Foundation, Charles Leopold Mayer Foundation, Open Society Foundation Initiative in Europe, and European Cultural Foundation.
These EDGE members, pooled their resources and handed over design to a group of activists in their network. FundAction was born!
Throughout 2017, the people involved in FundAction have been working to design the new fund. Currently there is a small Facilitation Group made up of seven activists and one donor representative, based across Europe.
They are working with their networks to design and launch the new fund.
This involves legal and financial issues, as well as agreeing the online tools to be used for decision-making.
When FundAction launches in autumn 2017, it will be just the start of the journey. FundAction will be reaching out to build the community, who will become the decision-makers for the first round of grants. We would love to hear from you!
Are you are active in European civil society?
Are you a foundation that wants to innovate your grantmaking?
Are you just curious about new ways of working?
Anyone interested in FundAction can email email@example.com
FundAction are in the process of designing their website. They hope to launch in September 2017.