Cost of living
We know many foundations, while perhaps concerned themselves about falling income and asset values, are acutely aware that charities they fund are feeling the impact of the current cost of living, such as:
a potential fall in donations at a time when other income sources are under pressure
finding that the real value of their income is dropping against inflationary pressures of running their organisations
finding need and demand on their services rising - for some, at unprecedented levels.
We have collaborated with other sector infrastructure bodies through our membership of the Civil Society Group to highlight the impact of rising costs on the charity sector. Earlier this year we were delighted to see the Chancellor’s announcement in the Spring Budget of £100m support for charities that need it most and are helping those most affected by the cost of living increases.
On this page you can find resources and information to help trusts and foundations think about how best to consider questions and priorities around the cost of living crisis.
Guidance and resources for funders
- Tackling inequalities through the Living Wage, 20 April 2023, online - Watch now how the Living Wage Funder scheme can help tackle low pay in the charity sector (attendees sent a passcode. If you need one, please email [email protected]).
- New Prime Minister, same challenges? 8 December 2022
Members' Policy Forum event looking at current challenges. Watch again on Zoom
Manage financial difficulties in your charity arising from cost of living pressures Charity Commission guidance and resource
Cost of living crisis: tagging grants, 360Giving (threesixtygiving.org) and guidance on tagging grants
Cost of living news and resources, London Funders
What funders are doing
Funders Collaborative Hub
ACF hosts the Funders Collaborative Hub, which offers increased understanding, closer alignment, and opportunities for funder collaborations. For example:
Search the Hub for new collaboration opportunities or add a new collaboration opportunity yourself.
Other funder responses:
Joint statement by charity and civil society bodies to the next PM coordinated by NCVO and ACEVO, September 2022
Creation of Civil Society Group to increase collaboration, improve efficiency, effectiveness and streamline engagement
City Bridge Trust to help charities in London with up to £3.5 million to help them cope with the impact of rising prices, Sept 2022
Wider civil society activity and resources
Cost of living resources page, ACEVO
Cost of living resources page, NCVO
Cost of living hub, Charity Finance Group (CFG)
The Cost Crisis: a gendered analysis by the Women's Budget Group
Cost of living special: Third Force News, Scotland
Confronting the cost of living crisis: NPC
Joint letter from infrastructure groups, including ACF, to Business Secretary Grant Shapps about continued energy support to the charity sector.
Energy Bills Discount Scheme to come into effect on 1 April 2023, and background