Charities have Received Over £32 million From Dormant Trusts

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Charities have Received Over £32 million From Dormant Trusts

Sterling notes and coinsCharities have received a total of £32 million from dormant trusts through the Revitalising Trusts programme since 2018, it has been announced, with the programme now funded to run until 2021.

The Revitalising Trusts programme is managed by the Charity Commission and UK Community Foundations, with funding from the Department of Digital, Culture, Media and Sport (DCMS). It aims to help inactive or ‘ineffective’ charities either get back up and running, or redeploy their dormant funds to other good causes.

The programme classes charities that have had no income or expenditure for the last five as inactive, with those that have spent less than 30% of their total income over the last five years classed as ineffective.

Once identified as dormant, the Commission gives the trustees an option to accept support to help them get back up and running. Alternatively, the funds are redeployed to causes in line with the aims of the dormant charity or the trust is transferred to a local community foundation to be managed for the long-term benefit of local communities.

The programme began in January 2018 and has contacted over 1,800 charities to date. The Commission has so far removed 179 charities from the register – 67 since lockdown – transferring funds to similar charities, to local Community Foundations or to UK Community Foundations, and revitalised 26 charities.

To read the full article click here.

Source: UK Fundraising

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