Organisation type:
Corporate Social Responsibility
Investment Philosophy
Investment Philosophy
Pay-What-It-Takes Principles in Action
Pay-What-It-Takes Principles in Action
Develop multiyear funder-nonprofit partnerships
- TF strongly believes that social impact requires a long-term commitment and hence enters into multiyear partnerships spanning from three years to more than a decade.
- TF invests in strengthening these relationships and building mutual respect. It demonstrates an openness to innovate and experiment and a willingness to share learnings across partner organisations. The foundation engages frequently in discussions with its nonprofit partners to foster a trust-based relationship.
Pay a fair share of core costs
- TF views core costs as intrinsic to its nonprofit partners’ budgets and does not have any stipulated upper limit for core cost coverage.
- It believes core costs may vary based on the nature of the initiative and the organisation. It engages in conversations with nonprofit partners at the proposal stage to understand their cost structure.
- When the core costs of an existing programme increase significantly, TF engages with the nonprofit partner to understand the rationale and provide guidance on how to manage the costs.
- TF conducts an internal analysis of nonprofit partners’ cost per beneficiary, which has enabled the foundation to better understand partners’ budgets and provide support to optimise costs, where possible.
