Local charitable trusts are an invaluable source of funding for our communities. But running a charitable trust and carrying out administrative and regulatory responsibilities, alongside trying to make a difference, can sometimes be a struggle for Trustees.
We have a wealth of experience of supporting charitable trusts where the charity is struggling to identify beneficiaries or spend funds or Trustees are concerned about Trustee succession or simply unable to continue running the charity.
We can offer a range of solutions to breathe new life into dormant trusts, from transferring the trust to us, to management of the trust or delivering grant making on your behalf.
One donor who recently transferred a trust to us said of her experience: “I am very happy indeed that such a viable future for the trust has been established. I wish I had discovered just how the Foundation works at an earlier stage in our decision making. I feel very confident that our legacy will be administered wisely and will continue to help and cheer many others suffering mental health problems.”
The following trusts have either transferred to Somerset Community Foundation or work in partnership with us:
Working in partnership with the Charity Commission
The Charity Commission's Revitalising Trusts programme helps charitable trusts that may be struggling to spend their income and aims to help reinvigorate dormant or underutilised charitable trusts for the benefit of the local community. Part of the Government’s Civil Society Strategy, published in August 2018, the initiative has unlocked £32m of dormant charitable funds to date and helped 1,800 charities bring funds back into use for communities.
Through the programme, the Charity Commission are recommending that trustees work together with their local Community Foundation to look to bring funds back into community use.
Trustees can get help from the programme from Somerset Community Foundation if they are finding it hard to:
- recruit new trustees
- spend their income
- identify beneficiaries
- find the time to run the charity
For more information contact Laura Blake on 01749 344949 or e-mail firstname.lastname@example.org