Some common terms in fundraising.
Beneficiaries
The group, individual, activity or object that benefits from the work of an organisation.
Capital funds
Restricted funds which must be retained for the benefit of the organisation and not spent.
Capital grant
Money given specifically to buy fixed assets, such as office furniture or computers.
Core costs/running costs
The basic costs needed to run your organisation, for example it may include rent, telephones, stationery, salary for a co-ordinator and electricity bills.
Full cost recovery
The principle of ensuring that all of the costs of an activity, including applicable overheads and staff costs, are included in contracts and funding applications.
In kind (gifts, help) support
Something other than money. A company that gives you some second hand computers giving support in kind rather than in cash. Volunteers that give their time to an organisation are also giving support in kind.
Legacy
A gift in a will to a person or organisation. For example, someone might leave money to a cancer charity.
Match funding
Some funders, for example European programmes, will only provide a contribution towards the total cost of your project. The rest of the money must come from another sources. The initial promise of money will only be released once the match funding has been guaranteed.
Payroll giving
A tax-free way for people to give to charity. Employees can have their donations taken straight from their gross pay before tax. Payroll Giving offers charities a unique way to combine fundraising with building relationships with their donors as well as with the corporate community.
Restricted funds
Funds received by the organisation for a specific purpose, stated by the donor, which cannot be used for any other purpose. Any interest earned on restricted funds is also restricted to the purpose of the fund which earned the interest.
Unrestricted funds
Funds held for the general purposes of the organisation, to be spent within the stated objects.
This page is a summary of the information contained in the full online toolkit.
