East Staffordshire – East Staffordshire Community Fund
The East Staffordshire Community Fund is one of the final ‘area funds’ to be put into place, the other being the South Staffordshire Community Fund.Meetings have already been held with various agencies based in East Staffordshire to secure their backing for the fund.
The idea of the fund is to encourage business, enterprises and individuals to donate to a central fund. All the money raised will be invested according to Charity Commission guidelines to enable the fund to grow in value. The interest earned on the fund will be split, part of it added to the fund and reinvested so that it continues to grow, year on year. The other part of the interest will be used to create a grants scheme specifically for third sector, charity and voluntary organisations in the borough of East Staffordshire. Grants can then be given out year on year and the fund will continue to grow to give out more each year.
The fund will receive it’s official public launch in 2014, although preparations for it are already underway.
The East Staffordshire Community Fund is still in a growth phase and will expect to start awarding it’s first grants in April 2015.
The East Staffordshire Community Fund can accept donations and contributions from private donors, businesses and can revitalise dormant funds.
The Charity of Francis Henry Mynors was a charity that was established by his will in 1936. As the charity was to benefit the area of Marchington, near Uttoxeter and the remit is no longer applicable, the trustees donated this fund to the Staffordshire Community Foundation, for inclusion in the East Staffordshire Community Fund. This means that even though the original remit is no longer valid, the fund can continue to make a difference to the area.
Over the coming months, up to and past the official launch, more contributions will be sought, from local businesses and from local residents, as well as through sponsorship and fundraising.
Donor Advisors play a dual role in a Community Fund.
They help to raise funds, by connecting with local people who can help. They also provide a local point of contact for people who wish to know more and become more involved.
They also help to make decisions on who should benefit from the grants when they are given out.
This local influence is vital to a community fund, as it will help to ensure that as well as being held locally, decisions that affect the running of it will also be taken locally.
As the East Staffordshire Community Fund is newly established, the panel of Donor Advisors is still being put together. As soon as more information is available it will appear here.
Anyone can donate, whether you are a business, a local dignitary or an individual.
Donations can be made by sending a cheque made payable to Staffordshire Community Foundation and stating on the back of the cheque the name of the Grant/Fund. You will be contacted shortly afterwards to confirm your donation. Please send to;
Staffordshire Community Foundation
BL157, Staffordshire University