Anyone
involved in the administration of a charitable trust, knows how
much hard work and effort is required to ensure it runs efficiently,
effectively and in line with the Charity Commissions statutory requirements.
Thinking of Setting up a Charitable Trust?
The Foundation offers an alternative to establishing a charitable
trust with a fast, flexible and cost effective way for donors to
channel their charitable giving for the lasting benefit of the local
community.
Setting up a named fund within the Community Foundation is easy
and we handle all legal and administrative requirements and offer
a tailor made service to match your charitable aspirations.
Currently Managing a Charitable Trust?
Consider converting your Trust to a named Fund within the Foundation,
which will be professionally cared for in line with its objectives.
We could set up an advisory board, which would include interested
parties on your behalf; the Foundation would also take away the
administrative burden and offer a professional grant assessment
service.
Why Use The Community Foundation?
- Separate statutory accounts are not required
- No need for an audit
- No need to file with the Charity Commission
- Forget about increasing burdens on Trustees following recent
regulatory changes including The Charities Act 1993, the Trustee
Act 2000, the SORP 2000 and future proposed changes.
- A board of independent trustees oversee the work of the Foundation
- A professional grant assessment service offers a true understanding
of our communities needs.
- Your wishes will be met in the decades to come as successive
Foundation trustees adheres to the original agreement.
- Professional stockbrokers, will manage your fund as part of
the Foundation’s £6 million pool of investments.
- A low cost charge of 1% per annum on the capital value of the
Fund will cover all administration costs.
- Donors can be involved in how the money is used and can become
actively involved in the Foundation. Alternatively they can use
the expertise of the Foundation to determine the most effective
use of the funds.
- The Foundation can respond to new challenges and social concerns
as they arise some of which may not be foreseen today.
- The Foundation can act on behalf of anonymous donors.
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