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Take
the Grassroots Challenge The Government has allocated £591,000 to County Durham and Darlington – but we can only access it as matched funding for private money placed in charitable long-term funds with us.
You can access the money in the ‘pot’ by setting up your own personal or corporate charitable long-term fund with County Durham Foundation and in return we will at least double all donations into your fund between 2008-2011. Whatever amount you put into the fund, you can draw down 100% matched funding from the Grassroots Challenge Fund (to a maximum of £147,000) and it will be added to your fund. With tax relief (which is also matched) individuals could treble their money.
Who
is supporting the campaign? We will set up and invest your Grassroots Fund for you using our expert fund managers. There is no red-tape or legal requirements for you to deal with, just a letter of agreement with us. It’s then up to you how much involvement you want in the grant-making decisions - but hands-on or hands-off, you can rely on our in-depth local knowledge to ensure that your money will have maximum impact for the good causes you want to support. Gifts of cash, shares and legacies received during the period are all eligible for match funding.
Follow this link to download some examples of fund payment plans and to find out how you could set up a £25,000 fund at a cost of only £7,500! Download Fund Payment Plans.
If you’d like to discuss setting up a Grassroots Endowment Fund, please contact Barbara Gubbins email: barbara@countydurhamfoundation.co.uk or call us on 0191 383 0055.
