Pay What it Takes

this is a great podcast with insights from the Pay What it Takes campaign challenging the way we think about for purpose funding . The Haymarket Foundation struggles constantly to fund the back end of our operations . This back end means we can create impact ??

I am deeply engaged in following the work of PWIT. I found the report to be instrumental in articulating the concerns I have been observing. In any other sector, it would be unreasonable to expect a program to operate in a way that could potentially leave the organisation financially disadvantaged and scrambling for the next round of 12 month funding. I appreciate the efforts of PWIT and Crappy Funding Practices in highlighting these issues and, more importantly, in providing an evidence-based platform to educate grantmakers.

??? NEW EPISODE ALERT: Conversations with The Smith Family ?? Challenging the Status Quo in For Purpose Funding In the latest episode, Doug Taylor dives deep into the Pay What It Takes campaign - an initiative transforming how we think about charity effectiveness and operational funding with two of our leading lights Lisa Allan, FFIA and GAICD, - Head of Fundraising, The Smith Family and Jo Taylor - CEO, Siddle Family Foundation ?? Key Discussion Points: *Why backbone investments (IT, HR, Finance) are critical for impact *Rethinking how we measure charitable efficiency *The real cost of delivering lasting social change ?? Here's the truth: To create transformative social impact, charities need proper investment in their operational foundations. This isn't overhead - it's the engine room of impact. Ready to challenge your thinking about charity effectiveness? Tune in to hear how proper funding of core operations directly translates to better outcomes for the communities we serve. #PayWhatItTakes #NotForProfit #Forpurposeleadership #SocialImpact #CharityLeadership #PhilanthropyAustralia #TheSmithFamily Tag/Share this with board members and donors who care about maximizing charitable impact! ??

A year on from the Referendum we want to highlight the words of Leah Armstrong, Peta MacGillivray, and Rona Glynn-McDonald voicing how the philanthropic community can support self determination. The message from our interviewees advancing Aboriginal-led work was crystal clear: Listen to community leaders, hear what their visions look like and how they want to get there, learn to see your own power and start to relinquish it, trust that doing so will make the work better. These ideas were mirrored across all the interviews. The word TRUST was heard again and again; build trust, and build relationships so that trust can exist. Many of our current ways of being in the world do not engender trust - strict, highly qualified reporting is required, we all must evidence value over and over. We are not saying do away with necessary accountability, but we risk devaluing skills and work that is not easily quantified, like community understanding and care. We also risk staying stuck in the established ways of doing things - ways which are not neutral and are rooted in western and colonial mindsets. The challenges which for-purpose organisations are tackling inherently require shifting the status quo. Organisations need space to invest in initiatives over the long term, take risks, try new approaches, and know that the sustainability and longevity of their work is secure. But don't take our interpretation of it - check out Peta, Rona and Leah's wise words in the New Perspectives Report. The full report with all the interviews and findings is available below. Follow PWIT on Linkedin to ensure you don’t miss an interview and can join the conversation about the learnings.

The PWIT leadership baton is twirling its way to Lisa Allan, FFIA and GAICD and Denise Cheng GAICD. Read about their hopes and dreams for the next phase of PWIT as we thank Jo Taylor and the original gang for their commitment to PWIT. #paywhatittakes #forpurposeleadership #reframeoverhead

Bringing our Learning to Pay What It Takes series to a close Jo Taylor shares some final reflections from the interviews and learnings, plus exciting news of tools for implement PWIT coming soon... #PayWhatItTakes

Whilst Footlocker Foundation is being called out below for not paying salaries for programs that clearly need people to run them, there are many other examples of this practice across Australia. This is a pressing and pertinent question. So as Crappy Funding Practices suggests - Do we decline funding that comes with ridiculous restrictions because it costs more than it provides? If Directors of For Purpose Organisations are focused on fiduciary duty (which most are). How many ask their senior leadership to find out the real cost to their organisation to apply for funding? For those that have, is there a threshold figure, that you know through the data, that it just isn’t worth applying for? Finally do you provide such feedback to funders? Thanks Rikki Andrews tagging us and Crappy Funding Practices for highlighting examples.

?? Exciting Updates in the Philanthropy Space! ?? Big thanks to Exponent Philanthropy and the Trust-Based Philanthropy Project for sharing such valuable resources with the community! ?? At Pay What it Takes, we’ve spent the last 8 months working closely with The Australian Centre for Social Innovation (TACSI) and a host of brilliant leaders from the philanthropy and for-purpose sectors to create principles and guidelines that ensure we pay what it takes to drive real impact. We’re currently navigating dissemination strategies through segmentation, but in the meantime, I’m thrilled about this fantastic toolkit, which is laser-focused on building deeper relationships with funding partners. ?? The Tactics Pages are an absolute treasure trove of actionable insights. I’m particularly drawn to the tactics for shared expertise. Right now, I’m collaborating with a wonderful family foundation transitioning from founder-led leadership to a board of directors who are stewarding the founder’s vision. They’re asking the essential question: How do we support for-purpose leaders beyond funding? ?? I’m definitely sending them this toolkit – it’s a game changer! ?? #Philanthropy #PayWhatItTakes #TrustBasedPhilanthropy #ForPurpose #SharedExpertise #Leadership #TACSI #Impact #Funders #NonprofitLeadership #SocialInnovation

We are loving this series showcasing PWIT in India from The Bridgespan Group and funders. Thanks Rohini Nilekani Philanthropies. Hope you are following along for great tips on how to Pay What it Takes. #pwit #paywhatittakes #forpurposeleadership

We are excited today to be launching the 'New Perspectives on Applying PWIT Principles in Australia' report. The report includes interviews with nine leaders from across the sector, sharing their wisdom, insights and struggles working to implement the PWIT principles. An enormous thankyou to Lisa Allan, FFIA and GAICD, Leah Armstrong, Ella Colley, Craig Connelly, Sarah Davies AM, Rona Glynn-McDonald, Peta MacGillivray, Jen Riley and Cynthia Scherer for their generous and thoughtful reflections. These learnings are a starting point for a growing community of practice, which can share experiences, learnings and tools, all with the goal of creating sustainable FPOs that are consistently benefiting communities across the country. Download, read, share, and join the conversation. The New Perspectives report was compiled by Jo Taylor and Courtney Collins, and beautifully presented by Bryce Groves. We can't wait to hear what it sparks for you!