Named funds are one of the specialist services that Community Foundations are uniquely positioned to provide. They are a simple and cost effect alternative to establishing an independent charitable trust, quick to set up and extremely flexible, allowing you to have as much input into the grant making process as you choose.
We handle all the administration, reporting to you as regularly as you wish. You may be happy with broadly determining what kind of causes you would like to support and give the Foundation the discretion to decide which specific projects to fund.
Types of Named Funds
An endowment fund gives permanence to your donation and demonstrates your longer-term commitment. We invest your donation through our investment managers and, each year, some of the income is available for distribution in grants. The actual amount you have to distribute annually will depend on the sum invested so we suggest a minimum entry level of £50,000.
An immediate impact fund is when you donate a specific sum of money that is then awarded in grants over a 12-24 month period. Donors are encouraged to make regular annual contributions to “top up” the Fund. The minimum size for an immediate impact fund is £25,000.
We can combine these options into a combined fund for donors who want to build up a substantial endowment fund over time, but who also want to make grants on an annual basis as well.
We can quickly create a memorial fund in commemoration of a loved one, providing family and friends with a very personal way of remembering family members or friends.
The 100 Club
A special patronage scheme for individuals or businesses who want to make a difference in Leeds. Members meet once a quarter to hear about the community work their money is supporting and to network with like-minded individuals. Find out more.
For more information please contact Matthew Roberts by email email@example.com or call us on 0113 242 2426