Endowments: General Overview
The Staffordshire Community Foundation is a Fund Management service for philanthropists and corporate and private donors.
Unlike many charities that will spend your money within a year or two, all endowments are invested and only the income from interest is used to make grants year after year...forever.
Over time your fund will give out more than the original capital sum! The lump sum is invested either anonymously or specifically in the donors name. The interest is given out as grants - which can be distributed in line with the donor's own criteria of standard SCF criteria. The capital endowment is never touched and can be expanded with future donations.
An SCF endownment fund doesn't help just one charity, your gift will reach a wide range of voluntary groups and charities in need - and can be adapted over time.
Over time your fund will give out more than the original capital sum! The lump sum is invested either anonymously or specifically in the donors name. The interest is given out as grants - which can be distributed in line with the donor's own criteria of standard SCF criteria. The capital endowment is never touched and can be expanded with future donations.
An SCF endownment fund doesn't help just one charity, your gift will reach a wide range of voluntary groups and charities in need - and can be adapted over time.
As a registered charity the Staffordshire Community Foundation can reclaim tax on your donation through the gift aid scheme which makes you donation net of tax. So a taxpayer could see their gift increase by up to 25% per cent:
Donor gives £10,000, plus gift aid, the actual amount could equal £12,500
Donor gives £10,000, plus gift aid, the actual amount could equal £12,500
The Office of the Third Sector have set up the endowment
challenge between April 2008 and March 2011
challenge between April 2008 and March 2011
For every £1 raised for an endowment from the private sector, the Office of the Third Sector will match this with a further #1 from the endowment challenge, so a £10,000 could become a £20,000 fund. With gift aid this could become £25,000 and through investment this will rise each year without adding more funds.