An economic inequality grantmaking foundation has announced a simplified application process for charities and a shift to giving unrestricted funding by default.
Friends Provident Foundation said its funding will be unrestricted by default unless there’s a clear reason to introduce specific boundaries. There may still be some “light-touch restrictions” on spending where necessary, the foundation stated, since it funds charities and other organisations that may have a remit broader than the foundation’s focus on the economy. Find out more here.