Committing to openness and accountability
Sharing our progress openly in this way will play an important part in how the Strategy Group make ourselves accountable, collectively, for the Hub’s progress towards achieving its goals.
Accountability is a topic of much discussion in the grant-making world at the moment. As Friends Provident Foundation wrote in their recent blog on the Hub, it’s one of the three components of the Foundation Practice Rating (FPR), which will be publishing its first set of results later this month.
In assessing how accountable foundations are, the FPR asks: “How can anyone who wants to examine the work or decisions of a foundation after the event do so, and make their voice be heard?”
We want to apply the same principle to the Funders Collaborative Hub. Not least because we think that funders working more openly will enable more and better collaboration - and if we want to encourage this, the Hub itself should role-model openness in our work.
This means extending our accountability beyond funders. Of course, the Hub needs to be highly responsive to the needs of grant-makers, who are its main direct users. But funder collaboration is only a means to an end – the ultimate purpose of our work is to help funders achieve more together for the causes and communities that they aim to benefit.
So whether you are a funder, or anyone else with an interest in funders collaborating more effectively to support communities and civil society in the UK, we invite you to examine the Hub’s progress via the reports we’ll share every month.
How is the Hub progressing?
Click below to view the Funders Collaborative Hub's first monthly progress update, for February 2022