What is Auspicing?
Authored by:
Natalie Bramble
Video Transcript
What is Auspicing?
In simple terms, it’s where another organisation supports your organisation. One of the most common ways is where one organisation auspices another when applying for a grant program.
For example, your organisation has found a perfect grant but you looked at the eligibility and you need to be a charity with DGR status.
You don’t have this, but you know a similar organisation you can work with. So the other organisation would apply for funding in their name.
This might be a great solution but it does carry risks for all partners. For example, you might not get as much funding as you’d like because you need to give some to the other organisation to cover their expenses.
This might affect the quality or outcomes of your program. For the other organisation, it’s their name on the grant application, they’re responsible for the admin and management of the grant and for acquitting that funding.
If you’re thinking about an auspicing partnership make sure that you have an agreement that sets out who’s responsible for what and what will happen if things aren’t working out.
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- Tags | Financials, Sponsorship