Charities to receive financial assistance

Posted in News on the April 30th, 2008

Feedback on inefficient grant-making trusts could lead to local charities gaining financial aid worth millions of pounds, it has been revealed.

The Boost Initiative, organised by the Community Foundation for Merseyside, is calling for those working for charities to provide information about trusts which have problems in distributing funds quickly and effectively.

Cathy Elliot, assistant chief executive of the foundation, said: "The Boost Initiative offers a service to the trustees of charities that struggle to make the most of their assets.

"Many charities have difficulties, including the changing objectives of the charity or lack of time and resources."

The scheme intends to unlock access to money currently stuck in inactive trusts before using it for appropriate projects by working with the Charity Commission and local foundations.

Trustees can also use the scheme to circulate funds if their own trusts are struggling to fulfil its mandate.

Following on from such financial assistance, it may be possible that charities are able to improve the skills framework of their staff.

A recent study by the Institute for Volunteering Research found that over a quarter voluntary groups are forced to turn away volunteers because of a lack of cash.

More skills framework information.

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