Who uses Foundation Administration?
Prism’s Foundation Administration services are aimed at grant making charities. These charities often don’t require a full time member of staff or an office, with all their associated costs. For time poor volunteer trustee boards, they often cannot manage the day to day running of the foundation amongst their other obligations, so it makes sense for them to outsource the administration to the expert team at Prism, who provide a tailored, value for money service. The board can then focus on selecting recipients of grants and fulfilling the grantmaking strategy of the organisation, with the appropriate professional support with the day to day running.
What are the benefits?
Prism can assist foundations with a whole host of services to ensure that the foundation runs smoothly, at a much lower cost than a staff member and an office. We can provide any or all of the following:
- Becoming the registered office
- Financial Administration
- Sifting and shortlisting applications for funding
- Preparing, attending, and minuting board meetings
- Events administration
- A dedicated phone line and inbox to deal with grantee queries
All clients have a dedicated relationship manager to run their foundation day to day, and we pride ourselves on offering a personal and bespoke service to each client. If you would like to know more about our Foundation Administration service, please do get in touch with one of our relationship managers by clicking “Contact Us” below.