These principles translate into practical courses of action, such as establishing multi-year, unrestricted funding parameters, streamlining funding application and reporting processes, soliciting and considering opinions and feedback, and providing support beyond grants. There are several concrete practices that funders can adopt to facilitate the work of the organizations they wish to support. For example, using a conversation-based approach—rather than the typical grant application forms—makes the process more human, collaborative, and rewarding for the community.
The precepts of trust-based philanthropy can also be combined with a participatory approach to grantmaking. By this logic, sharing decision-making powers with a group that is more experienced and more representative of the community and its key stakeholders allows the funder to make choices that are more informed and better suited to the needs of the people it seeks to support. It also allows the funder to open up its funding process to organizations that might otherwise have slipped under its radar or that would not have had the capacity—or opportunity—to participate.
As a whole, a trust-based environment fosters the emergence of reciprocal and enduring relationships between funders and charities, rather than one-off transactions. These relationships in turn allow funders to better understand the work, challenges, and needs of charities. This makes it easier for both sides to get to the root of the issues and help develop and implement the systemic solutions that the community really needs.