Also consider the following:
This part of the guide assumes that you aim to be organised about your giving, have an idea of how much you want to give and have already set up your philanthropic vehicle.
Decide on your vision, mission, values and operating principles. You may have this sorted out already. It could be part of your trust deed, or something you have discussed with your trustees or family.
The best funding is driven by what people are passionate about and what inspires them. This funding comes from a place of inspiration, wisdom and hope.
What is important is that you decide on something and make this explicit.
This is the difficult bit. Can you define the problems or issues that relate to your areas of interest and find out what needs to happen to make a difference?
You now need to decide what approaches need to be funded to catalyse the solutions you have identified.
Once you have a sense of what needs to be funded to make a difference, you can decide on the types of funding you prefer.
Now that you are clearer on your mission, focus, issues and the approaches and types of funding you prefer, you need to decide who to fund.
Now you need to complete the grantmaking cycle by deciding how structured you want your funding to be.
Now bring it all together. Members have funded all sorts of different projects with terrific outcomes. Alone our work is a drop in the ocean but together we can help save the world.