Huish’s Exhibition Fund
The Huish’s Exhibition Foundation is the latest charitable trust to transfer to the stewardship of Somerset Community Foundation. This image is of a ‘cash book’ that kept handwritten records of the trust from 1917 to 2009! Established in the nineteenth century, the trust has supported the education of young people in Taunton Deane for almost 150 years, and now it begins a new phase in its history.
Like many local charitable trusts, it still retains an important purpose today. But, the governance and administration that goes with managing and older trust can become a burden and expensive. Finding trustees willing to continue looking after the trust is also increasingly difficult and we know there are dozens, possibly hundreds, of trusts that have already fallen dormant or are at risk of becoming so.
The trustees of the Huish’s Exhibition recognised the risk facing this charity and have taken proactive steps to secure its future. By transferring the fund to Somerset Community Foundation, the trustees have ensured it will continue its vitally important investment the next generation, helping young people with much-needed financial support. It will sit alongside the bursary scheme we established with the Eagle House Fund, an area of philanthropy we aim to grow in the future.