Financial Resilience In-House
African Women's Development Fund
In October 2017, Spring Strategies worked closely with the African Women's Development Fund (AWDF) during a 4-day workshop to develop an action plan to become more financially resilient. It was the beginning of a year-long program that includes a financial assessment, the workshop, the development of an action plan, as well as follow-up in-person and online accompaniment.
Founded in 2001, the AWDF is the first and biggest pan-African foundation to support the work of women's rights organizations in Africa. From 2001 to 2016, the AWDF distributed US$26 million to women's rights organizations. In 2017, its annual budget was close to US$8 million, double what it was in 2015. With 80% of its funding secured for the next few years, the AWDF is in a position of financial stability. However, despite a history of investing in individual giving, corporate engagement, social enterprise, and real-estate investments, 95% of its 2017 annual budget was still made up of government and foundation grants.
The In-House Financial Resilience accompaniment program is designed to support the staff and board as they begin a new chapter of further diversification of income sources in order to strengthen their ability to realize strategic goals.