14th December 2021
Collective Fund Insights over the last year – The growth of the Racial and Climate Justice Movement
As a donor-led charity, Prism often experiences first-hand the changes in public attitudes towards fundraising for specific causes.
Following the expansion of the Black Lives Matter movement last year, people and corporations have chosen to show their support for this cause with donations totalling billions of dollars for racial equity groups worldwide. We’ve seen an increase in the number of groups with goals to address racial justice here in the UK, having onboarded four Collective Funds with a focus on racial justice since the summer of 2020.
Our Collective Funds are tackling racial injustice in a multitude of different ways, as we’ve learnt there is no one-size-fits-all path for support. One of the Collective Funds we’re working with is Resourcing Racial Justice (RRJ), a coalition of people of colour (POC), innovators, change makers, activists, artists and social leaders dedicated to social change. They have established a new UK-wide funding pool to support individuals and communities working towards racial justice, and importantly offering flexible funding to groups that have been left out of traditional funding structures. Since RRJ joined Prism in 2020, together we have successfully administered over £1million in emergency funding to 58 individuals and communities working towards racial justice in the UK. Grants were made to a wide variety of awardees, from a charity radio station working with the elderly to individuals running workshops with students in schools.
As well as experiencing growth in the need to address issues of racial justice, we have also seen a surge in the number of Collective Funds with the aim to tackle the climate crisis.
The climate emergency had the world’s attention as politicians and activists from all over the world descended on Glasgow and made headlines in October. In the year building up to COP26, many different groups approached Prism with ambitions to address the climate crisis. One which is now a Prism Collective Fund, is Farming the Future. The Farming the Future Collective Fund aims to build a system of regenerative food production and land use that furthers social and environmental justice. The movement importantly recognises the intersection of social injustices (eg. racial or sexual discrimination) with environmental justice (specifically within the agroecological system of food and farming). Previously housed within the A Team Foundation, Farming the Future’s holistic approach to addressing the climate crisis has been successful, with funding going to a range of different projects which not only tackle climate change but also address issues of racial inequality and discrimination within the agroecological system of food in the UK.
The Collective Fund service at Prism, offers a charitable structure to individuals and groups fundraising for specific issues, such as racial and climate justice, enabling them to quickly raise and distribute funds to their charitable causes. Prism takes care of all the financial administration, and charity governance, carrying out due diligence and ensuring the programmes are complaint with UK charity law. This enables the founders of Collective Fund’s to fundraise tax-efficiently (and make use of government schemes such as Gift Aid) whilst really being able to focus their time and energy on the cause and making a real difference to peoples lives.
If you want to learn more about how to set up a Collective Fund at Prism the Gift Fund, get in touch today.