Set up your own Business Fund
If you would like to create a long lasting impact you could consider setting up your own named Business Fund.
A named fund involves a single donation of at least £25,000, or multiple donations over a period of time. This capital is invested and the income earned is awarded in grants. It is a sustainable donation that has a long-lasting impact for the community, providing an ongoing annual income for grant-making.
Cornwall Community Foundation will work with you (and your staff team if desired) to establish the criteria of your Fund, and produce an annual Impact Report on the investment and the impact of your giving. The CCF currently holds £5.2 million in endowment, most of which is restricted into our specific 20 named funds.
The Cornwall Glass Fund was set up in 2009 by Business Club member Cornwall Group Ltd, where it was the company’s long term ambition to be able to set up a charity, to contribute to and support its surrounding community. Since its inception the fund has invested more than £50,000 in community projects which specifically focus on mental health, children and organisations supporting people affected by domestic violence.
Our Investment Committee is responsible for managing the Foundation’s investments, ensuring your endowment gift performs as well as possible to reap the best returns for grant-making. Our investment returns have consistently performed above benchmark, thanks to robust and prudent policies and protocols.
There are various tax incentives which may make your giving more attractive. For example an additional rate taxpayer can create a charitable fund of £62,500 for a cost of £34,375, providing leverage of over 80%. This is achieved as follows:
Gift Aid (25%) £12,500
Additional Rate Tax Relief (25% of the full amount including Gift Aid) £15,625
Cost to Donor £34,375
For further details please contact Tamara Sherston-Baker on firstname.lastname@example.org