LO5 - Funding Flashcards
1
Q
Sources of funding
A
Sales and sponsorship deals Grants Loans/ bonds Membership fees Debentures Philanthropic donations Fundraising Selling shares
2
Q
How is funding applied for?
A
Submitting an application form or a bid
3
Q
What should the process include meeting funding body criteria?
A
Proving need/ demand for service/ product
Having clear goals/ impact
Proven/ demonstrating ability to deliver the outcome
Eligibility (e.g. recognised sport, size of the organisation, location)
4
Q
Who grants funding?
A
Government QUANGOs NGBs Local governments Funding from sports businesses
5
Q
What is funding used for?
A
Kit/ equipment New/ improved facilities Grounds work/ grounds keeping Running events Coaching/ training
6
Q
Who can request funding?
A
Sports clubs
Community based organisations
Local schools/colleges
Individual athletes/ performers
