Would you like to transfer or set up a fund?
Named Endowment Funds
A lasting impact
If you would like to create a long lasting impact you can create your own named endowment fund. A named endowment fund involves a single donation or multiple donations over a period of time. The capital is invested and the income earned is awarded in grants. It is a sustainable and sustained donation that has a long-lasting impact for the community, providing a continual annual income for grant-making.
The Foundation will work with you to establish the funding criteria of your Fund, and will produce annual Impact Reports on the investment and impact of your giving. The CCF currently holds £4 million in endowment, most of which is restricted into our specific 20 named funds.
We work closely with you to identify the key causes or areas which you wish to support through your philanthropy, summarised in a Fund Agreement.
Charitable trust transfers
The CCF offers a range of services specifically tailored to meet the needs of Charitable Trusts. We can revitalise ineffective funds through trust transfers and setting up effective new named funds managed by the CCF.
There are various reasons why trusts may become ineffective over time, such as:
- The charitable objectives of the trust are out-dated making it difficult to identify beneficiaries and distribute grant income
- The assets of the trust fund are too small to have significant impact and/or poor financial returns result in a negligible amount for grant-making
- The work of administering a charitable trust fund becoming a concern and inconvenience to trustees, who are also find it increasingly difficult to recruit new trustees
If your trust fund has become moribund (dormant) and ineffective (consistently being unable to spend annual income), or if you’re looking to transferring your active trust fund, then the original donors’ philanthropic beliefs can be delivered through your local community foundation.
Our stewardship of your investment
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. Committee members have considerable experience in wealth management, investment, managing and monitoring Fund Managers, and stewarding clients’ funds. Our investment returns have consistently performed above benchmark, thanks to robust and prudent policies and protocols.
The Foundation’s Annual Report & Accounts are audited each year, and our robust governance and management processes are monitored through the UK Community Foundation’s Quality Accreditation programme which is endorsed by the Charity Commission.
There are various tax incentives which may make your giving more attractive. For example an additional rate taxpayer can create a charitable fund of £125,000 for a cost of £68,750, providing leverage of over 80%. This is achieved as follows:
|Gift Aid (25%)||£25,000|
|Additional Rate Tax Relief (25% of the full amount including Gift Aid)||£31,250|
|Cost to Donor||£68,750|
Tax efficient giving
Giving to your community can be very tax efficient. Click here for more details.