HERITAGE ENDOWMENT

2 Purpose of the evaluation 2.1 The aim of the evaluation is to:

Assess the impact of Heritage Endowments, particularly in relation to the changes introduced in comparison to Catalyst Endowments (see 1.6).

2.2 We expect to see an analysis of how grantees are undertaking the creation of or are building on an existing endowment, detailing the variations in approaches to fundraising and their impact.

2.3 Drawing on the evaluation of Catalyst Endowments we want to gauge how sustainable endowments in the heritage sector are and the long term effects of this type of income stream.

2.4 The evaluation should provide an overview of what Heritage Endowments has enabled grantees to do, and capture emergent outcomes and themes. As part of this the evaluation should: 1. Capture how Heritage Endowments funding has being used 2. Explore if Heritage Endowments funding was used as it was initially intended? Were there any changes and if so what can we learn from this? In particular, what external factors changed for grantees during the lifetime of the grant? 3. Demonstrate the extent to which the outcomes of the programme have been achieved. 4. Explore the extent to which the Heritage Endowments programme has supported organisations to reach their ambition of growing or setting up an endowment in terms of the length of the match funding campaign and size of the grant awarded.

2.5 Specifically we would like you to address the following questions:

a). what has been the impact of Heritage Endowments on an organisation's ability to manage their heritage in the longer term? b). to what extent has introducing the lower grant banding of £250,000 through Heritage Endowments supported smaller organisations? c). how can heritage organisations effectively engage with different types of donors in order to build an endowment fund (including effective/successful fundraising methods)? d). what factors contribute to successful endowment fundraising? e). how has the money awarded to resource campaigns been spent and to what extent has this been beneficial to grantees in supporting them to deliver their fundraising campaign?

2.6 We would like the contractor to organise and facilitate two opportunities for grantees to come together, network and build relationships, with the aim of sharing learning, insights and best practice to inform project delivery. . The emphasis will be on enabling, building capability and creating the right conditions for grantees to use and take up the learning. There should be a focus on sustainability so the networks and relationships can continue post Heritage Endowments funding. HLF will fund travel expenses for grantees but we expect the contractor to budget for venue hire, refreshments and facilitation. Value for money when choosing venues should be a consideration. A FULL DESCRIPTION IS INCLUDED IN THE TENDER DOCUMENT ATTACHED.