The code is intended for fundraisers but it could also help grant-making trusts to guide applicants.
- Fundraisers should clearly state why grants are needed and how the money they request will fit into the overall missions of their charities.
- They should research their own organisational records to identify past approaches to trusts and carry out external research on grant-making trusts.
- Charities should identify trusts that give grants to the types of project they want funding for, as well as the trusts' fields of interest, the geographical areas that they are concerned with and the typical size of the grants they offer.
- Charities must adhere to trusts' rules about how they can be approached. If a trust does not specifically disallow charities from contacting it, it is acceptable for organisations to get in touch with trustees to find out how best to apply for funding. Charities can also contact trusts to seek information about projects and their eligibility.
- Applications must not mislead trusts into believing that their grants will be used only for particular projects when that is not the case.
- Trusts ought to be kept fully informed about the progress of those projects they have funded, and all reporting guidelines should be followed and clarified with the trusts.
- Reporting guidelines and requirements should be clear and closely followed.
- Reporting information should be brief. Fuller reports at the end of the grant periods should cover the extent to which objectives are met.
- When appeals for specific projects are successful, but not all the money secured can be allocated or projects fail to go ahead, any remaining money must be returned to the trusts that awarded it.