CEANYC’s Board of Directors allocates gifts following a giving, rather than a philanthropic, model. Rather than replicate foundation grant-making processes (such as extensive applications, reporting, and site visits), the Board looks to support the least-resourced sectors, organizations, and communities among CEANYC members and the wider solidarity economy with as low-touch a process as possible. We ask applicants to fill out a short form available and issue minimal reporting requirements. The support is meant to feel and function more like a gift than a grant that one must compete against peers to win.
The funds are distributed roughly evenly across the different sectors: housing co-ops, food co-ops, CSAs, community gardens, credit unions, and solidarity economy enterprises.
This support includes but is not limited to:
- Sponsoring events
- Scholarships to conferences, trainings, and events
- Matching crowdfunding campaigns
- Emergency or rapid response assistance
CEANYC is regularly asked to provide this form of assistance but rarely has had the means to do so. Similarly, there are not many sources of funding for these kinds of assistance. This pool creates options where currently there are very few.
CEANYC partners with RSF Social Finance to maintain a designated fund for grantmaking. CEANYC retains 6% of all funds raised for program staffing and the Fund administrator, RSF Social Finance, adds a 2% fee on all disbursements to cover their costs. The Board is accountable to membership and donors by providing an annual report of where gifts were allocated and the criteria used to make decisions.
- Applicant fills out form.
- If any additional information is required CEANYC staff or volunteers contact the applicant.
- Board subcommittee reviews applications and issues recommendations to the Board.
- Board reviews recommendations and approves at monthly meeting, unless rapid response is required. Board receives a monthly financial report on the Gift pool and allocations made.
- Applicants are notified.
- RSF Social Finance releases payments.
- Grantee is asked to provide minimal report of how gift was used.
- Staff and volunteers process gifts, documentation, and reporting for Board, membership, and donors.
- Board releases Gift report at end of year to all members, donors, and grantees and makes it publicly available on this website.
- Grantees are invited to attend Solidarity Economy Giving Project Giving Party to celebrate with the community and share their experience.