Julia and Hans Rausing are making £10 million available to support UK charities, through the launch of a new Charity Survival Fund.
The Rausings have created the Charity Survival Fund in response to their concerns about the economic impact of Covid-19 on charities. It will target small and medium size charities with the aim of providing core funding to help charities overcome this impact and offset lost income.
And for the first time, The Julia and Hans Rausing Trust will be open to accepting funding applications from charities.
The fund aims to reach charities across the UK whose annual income is below £5 million. It will fund charities that need financial aid to support the costs of existing programmes and their day-to-day work, rather than for expansionary purposes or to fund capital projects.
Grants on offer range from £1,000 to £250,000, with the aim of supporting approximately 200 charities across the country. There is a particular interest in receiving applications from charities not previously funded by the Trust.
The deadline for application submissions is 27 July 2020, with a formal announcement of the charities who have been awarded funds to be made in September.
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Source: UK Fundraising