Apply for funding
When you apply for funds for a project, you can ask for any amount you like, but you pay an application fee of 1% of whatever you ask – with no limit. Our thinking is: if your application is successful, you won’t mind the 1%, and if unsuccessful, you will get back 50% of the fee.
Those fees help us to keep the Foundation running, and in fact, contribute about 10% of our annual budget. (We think that they also make frivolous or badly–thought–out applications less likely, since each application costs you something.)
The above is OK for small–to–medium projects, say up to $100,000. Your risk is limited to losing half of 1%, or a maximum of $500 – which is still big for some nations, but probably not the end of the world.
However, we now realise that some much bigger projects may be possible, in the $100,000 – $1,000,000 or even $2,000,000 range. That makes the risk of losing even half of 1% a bit more serious.
Apply for Funding