Having a fund with the Community Foundation is like having a charitable foundation: you decide where you want to make a difference (we can help) and how you want to give. Using the Community Foundation for your charitable giving is less expensive and more connected to local need than going via a lawyer. You don’t need to manage trustees or staff, charitable reporting, Gift Aid claims, auditors, or other onerous requirements: we do all that for you.
We manage three kinds of donor funds:
These are donations invested for charitable income in perpetuity. An endowment is a foundation for your local community; it will always be there, generating income for the greatest needs. It can’t be cut or spent elsewhere. The larger the endowment, the more vital, unfaltering local support is generated and given, year after year, forever,
Many families and individuals choose an invested fund, and they are best if you have a generous donation to make: £20,000 and above. We ask for a contribution to operating costs of 5% per donation and 1-3% per annuum.
Expendable, spend down or “flow through” Funds
Different names for the same idea: these are donations spent entirely within a timescale, again to your direction. Many companies, central and local government departments, and agencies like the National Emergencies Trust choose this swift, high-profile way of supporting the local area. We ask for a contribution to operating costs of 10—15% depending on your requirements.
“Linked” or Combined Funds
These are simply funds which have both an endowment and an invested part– to the balance that you choose: 50/50, 60/40; you decide.
Whichever Fund you choose, we always:
- Give grants to your direction (within our charitable objectives, which are broad)
- Run a highly regarded – by charitable groups and external assessors – grant-giving process for you. All grants are made via a level playing field: an application (support provided if needed) careful assessment of budget, need and viability; a grant agreement to ensure the money is spent as intended, and feed back once spent. We can even arrange visits to groups you helped.
- Maintain intelligence of the local area and its needs, and the charitable, voluntary and community groups working with those needs.
- Send you annual audited reports so you can keep track of your giving.