The Cambridgeshire Community Foundation (CCF) has received £4.6m through the Revitalising Trusts programme, the largest transfer of funds since the initiative was set up in 2018.
The donation came from the Harry Cureton Charitable Trust (HCCT), which offers grants to charitable organisations and people to support health and wellbeing in and around the Peterborough area.
The Revitalising Trusts programme was launched by the Charity Commission and UK Community Foundations to encourage dormant charities who struggle to spend their income on the public benefit to close or wind up, transfer their assets to another charity or change their purposes to continue to work more effectively.
So far, the programme has unlocked more than £70m of trust assets that were either dormant or at risk of becoming so.
The donation
The transfer of fund follows a successful eight-year partnership between CCF and HCCT where the former has supported the latter to make grants to individuals with challenging health conditions.
HCCT’s trustees decided that donating to CCF was the best way to protect their trust’s legacy and ensure its future development.
The fund aims to increase grant giving by about £200,000 per year.
Reaching people in need
Laura Cameron Long, Revitalising Trusts programme manager at UK Community Foundations, said: “The Revitalising Trusts programme aims to ensure that charitable funds reach the people that need them most by securing the future management and distribution of trust funding. In partnership with the Charity Commission, community foundations use a simple transfer process to support trustees who are actively planning for the future, as well as those who are finding the ongoing management of their trusts a challenge.”
She continued: “The Harry Cureton Charitable fund will go from strength to strength under the care of CCF, supporting both individuals with long-term healthcare needs and healthcare projects which will have lasting benefit for people in Cambridgeshire and beyond.”
Michael O’Toole, chief executive at CCF, said: “HCCT has achieved incredible positive impact over 18 years. The forward-thinking of their trustees in transferring the funds to CCF secures this impact for the future. CCF will ensure that vital grants continue to be awarded to grassroots charities and will make a massive difference to the lives of people facing some very serious challenges resulting from a health issue.”
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