b'ThisfeedbackfromapplicantsinformedthedesignofournewFlagshipInvestmentsGrant Round which, like the Small Grants Round, is a competitive program that seeksapplications from non-profit organizations working across the island of Ireland. The programs differ , however, in a few key areas:SMALL GRANTS ROUNDFLAGSHIP INVESTMENTS GRANT ROUNDAVERAGE AWARD1,00010,000 per year 25,00075,000 per year($1,330$13,290 per year) ($33,225$99,800 per year) ELIGIBILITY CRITERIATrack record of support from The IrelandApplicants must have a track record of support Funds is not necessary to be consideredfrom The Ireland Fundsin the Small Grant RoundUSE OF GRANT FUNDSGrants are awarded for project costs Grants support core or program costs, including salaries and overheadsDISTINGUISHING FEATURESHigher-volume program that: Lower-volume program that:OF APPROACH Increases our understanding of theAllows us to help organizations scale up programs non-profit landscape or to provide greater financial security as they growHelps us to identify emerging areas of need Helps us adhere to best practice Provides us with a sense of the fundraisingIs a platform for showcasing the ambitious and environmentimpactful work of outstanding organizationsAllows us to identify leaders and innovatorsASSESSMENT PROCESSApplications assessed in-house andRequires shortlisted organizations to present to a recommendations approved by AIF Board Board-level Grants Committee, whose recommen-dation are submitted to AIF Board for approvalDue diligence includes review of governing document and accounts Due diligence includes review of governingdocument, audited accounts, managementaccounts, annual reports and strategic plan. Most organizations begin their funding relationship with The Ireland Funds by applying for a grant through the Small Grants Round, with many going on to receive significant investment from ourdonors.TheFlagshipInvestmentsGrantRoundprovidesuswithanotherfundinglevelbetween the Small Grants Round and the larger Donor Advised Grants. While not all organizationsreceiving funding through the Small Grants Round will be a good fit for the Flagship Investments Grant Round, those that are eligible will receive core funding, advice and opportunities toshowcase their work to our network of donors.connect2015 | 11'