CFG announced the launch of the Adrian Randall Prize for ‘inspiring financial leadership’ at its annual fundraising dinner last night.
Adrian Randall was one of CFG’s founding members, and the Group is marking the end of its 25th anniversary and his passing away earlier this year with this new award.
The prize is a £5,000 contribution towards the development of an idea that could transform charity finance.
New approaches and ideas
Applicants are invited to submit ideas for new approaches and ideas in the field of charity finance, including creative solutions to tackling problems and issues which have been neglected or are difficult to address.
CFG says it is looking for an idea that “has the potential to advance our understanding and promote best practice in charity finance or has the potential to revolutionise how a charity ‘does business’.”
Applicants have until midnight on 10 December 2012 to submit 300 to 400 words summarising their ideas for judges to shortlist the best applicants down to three. Finalists will then be invited to work up their proposals with the assistance of Cass Business School.
Prize decisions will be based on a review of the written application and how well it demonstrates innovativeness and achievability; promotion of best practice within charity finance; the ability to radically change charities’ approach to charity finance; and ability to address difficult or neglected issues.
Judges will review all of the applications and announce the shortlisted applicants by the 14 January 2013. As well as being awarded the £5,000 prize, the winner will be given an opportunity to present their idea at the CFG Annual Conference 2013.
Full details and applications are available on the CFG website.
Catalyst for ground-breaking developments
The prize will be judged by five industry leaders: Caron Bradshaw, CEO of CFG; Paul Palmer, professor at Cass Business School and charities consultant to UBS Wealth Management; Dame Clare Tickell, CEO of Action for Children; Andrew Hind, co-founder of CFG and editor of Charity Finance magazine; and Lynne Berry, deputy chair for Canal and River Trust.
“It’s really important for CFG to embrace the challenge of supporting and inspiring the financial leaders of the future,” said Caron Bradshaw.
“We’re hoping to be the catalyst for some groundbreaking developments – something that can revolutionise and truly be transformational in the sector.”
“Adrian made a fantastic contribution to developing the high standards of financial reporting we enjoy in the charity sector today,” added Andrew Hind.
“This prize is a wonderful way of paying tribute to his work. More importantly, it means that Adrian’s legacy will continue to inspire the new generation of charity finance professionals who are now building on his earlier achievements.”
