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Trustees of an existing charitable trust may wish to consider transferring
the capital, or part of it, to County Durham Foundation. Trustees can remain
involved as an advisory panel if they wish, whilst County Durham Foundation
takes on the administration, investment of funds and compliance with charity
law. Charitable Trusts that transfer to us gain all the benefits of holding
a named fund at the Foundation without the responsibility of administering
it themselves. We already manage three charitable trusts as sole trustee with
a further one in the pipeline.
If the charity you are involved in is winding down, and you have assets that remain, you can transfer any money or property (if it has a positive asset value) to us and we will ensure that the money is used in line with the original charities objects, subject to Charity Commission approval. Please look at your constitution, as you will need a dissolution clause to enable us to work with you.
For further information please contact Barbara
Gubbins on 0191 383 0055 for a confidential discussion.
