Low income eligibility
Our grants are only for Lambeth residents from low-income households (i.e. from households in receipt of means tested benefits, on very low incomes or without access to State benefits)
Why is this?
Because that is who we exist to help. It was the aim of Mr Walcot – our principal benefactor – when he established his charity in the 1660s. It remains the aim of our present Charity Commission Schemes.
What financial eligibility test can our organisation use?
We have developed a simple financial eligibility template that organisations can use to verify that the individuals they work with meet our criteria.
We have made this template as simple to complete and as non- intrusive to use as possible. Organisations are welcome to modify it - but check with us before using any modified version so that we can confirm we are happy with it.
Where funded organisations are working with schools
Where organisations are working with schools, entitlement to free school meals can be used to verify that pupils/families meet our criteria (please note that this can also include pupils/families who are eligible for free school meals but choose not to take them up, and those who are not eligible for free school meals but who are known to come from a low-income background e.g. families with no recourse to public funds). This method eliminates the need for the financial eligibility template described above. The ratio of Lambeth-resident Free School Meals referrals to the total number of project/service participants should be at least equal to the ratio of Walcot Foundation funding to total funding. Our grants team will be glad to discuss this further.
What if our project or service is open access? Does the Walcot Foundation think that Lambeth residents from low income households should be isolated or ghettoised?
Absolutely not! We like projects and services that mix individuals from the full socio-economic spectrum. It is just that our grants must be targeted on those facing financial disadvantage (and the all-too-often social disadvantages which follow). We believe that for organisations to ensure their sustainability they ought to bring in funding from a range of sources. Apply to us for those that meet our criteria and seek funds elsewhere for those who do not.