grants have a positive impact for smaller charities, increasing their longevity and even crowding in other income. …We use a novel identification strategy to shed light on the effect of grant funding. We focus on charities that applied … to a UK lottery grant programme. Where charities score the same on formal criteria, it is likely that informal criteria …

We present new evidence on the effect of grants on charities' incomes. We employ a novel identification strategy … stronger positive effect for small charities; and, third, that grants may have a more positive effect when they provide seed …, focusing on charities that applied for lottery grant funding and comparing outcomes for successful and unsuccessful applicants …

example, that requirements that charities match a fraction of government grants with increases in private donations might be a …? If they do, is it because the grants crowd out donors who feel they gave through taxes (classic crowd out), or is it … because the grant crowds out the fund-raising of the charities who, after getting the grant, reduce efforts of fund …