IWT is happy to announce EIV Grants, where organisations involved in “volunteer-driven impact” can seek grants for upto 3 years, from Rs5 lacs to Rs80 lacs per year. We intend to make multiple grants with an upper cap of Rs3cr p.a.
Our definition of “volunteer”- Those contributing time without any compensation and reimbursed expenses (conveyance, phone, etc.), at a rate less than Rs10 per hour volunteered. If you intend to compensate or reimburse expenses at a higher rate, you will not qualify for these grants.
Our focus is only on URBAN volunteers (who may volunteer anywhere, but are essentially living in cities and towns with a population of 1million or more.
Grant Purpose: Anything that will help scale up the org’s engagement of volunteers to create social impact. However, funds cannot be used for direct costs like food, books/stationery, paints/gloves/seeds, etc. Funds may only be used for staff costs and overheads.
These can be 1-time grants or recurring ones for a maximum of 3 years.
Eligibility
- Organisation must have a valid 12A registration and be registered on or before 31/3/2024. They must not be current Eivolve Cohort3 organisations. Cohort 1 and 2 orgs may apply.
- Corporate Foundations are not eligible. Orgs set up by HNIs with a family networth > Rs5cr will have to contribute between 1/4th to an equal amount of the grant sought.
- The organisation must seek to engage volunteers at scale (at least 20,000 volunteer hours in a year), to create significant measurable social impact (in Stage 2, we will ask you for your theory of change and impact metrics). Staff:volunteer ratio must be less than 1:25 at least.
- Grant sought must be less than 1/3rd of the org’s total annual budget in each year going forward.
- The Chief functionary (CEO/ED) of the org must fill this application form.
- The Chief functionary or a nominated senior colleague must be willing to engage on email and/or g-meet calls with a maximum 24 hour response time to emails.
Selection Process:
- Deadline for this Stage1 application is November 15, 2024
- We will shortlist a maximum of 50 organisations from Stage 1, and invite them to one of 2 workshops to be held on November 19 and November 23, during which our grantmaking approach, criteria and further selection process (including the Stage 2 form) will be explained in detail.
- Deadline for Stage2 application is December 7, 2024.
- Between Dec 8, 2024- Dec 31, 2024, we will engage in deeper conversations with stage 2 applicants to understand their proposal and/or seek further information.
- By January 6, we will announce a FINAL SHORTLIST of organisations. Those receiving grants of Rs10L per annum or less (or whose proposals are very straightforward and simple) will move into a simple process of agreeing on the terms of the grant and signing an MoU, followed by release of the first grant instalment.
- Others in the FINAL shortlist (and definitely for those seeking more than Rs30L p.a.) will receive a “design grant” of Rs1-2 lacs and be encouraged to design their proposal in a lot more detail, and submit the same by February 10, 2024. A few more interactions with such orgs may happen between Feb 11-Feb 28 to decide whether to proceed further or not, and to agree on the terms of the grant.
- The larger/more complex grants in (6) above will be announced on March 5-6, 2025 at Volcon 2025.
Selection Criteria:
While Trustees of IWT retain absolute discretion to decide which orgs to select, our primary criteria are
- Likely IMPACT per rupee spent (we will measure this in detail at Stage 2 especially for larger grants). Impact can be on beneficiaries/society/ecosystem, or on the volunteers themselves, but they will need to be measurable.
- Extent of “volunteer transformation” - to that extent, “one time volunteering activities” are unlikely to get support unless they have a tangible way to demonstrate longer term, sustained volunteering by those they engage.
DEADLINE FOR STAGE 1 APPLICATION- NOVEMBER 15, 2024. No extensions will be given.
Link to the form- here.
Doubts can be asked in this forum post.