Stoke on Trent – Stoke on Trent Community Fund
The Stoke on Trent Community Fund was started as the We Love Stoke Fund in 2008, but didn’t receive it’s official launch until January 2011.
It was launched officially at the Lord Mayor’s Parlour at The Kings Hall in Stoke, Stoke on Trent, at a reception attended by Staffordshire Community Foundation Chief Executive, (now trustee), Terry Walsh, Staffordshire Community Foundation Chairman Graham Stow, High Sheriff Ian Dudson, Lord Mayor of Stoke on Trent Denver Tolley, Chief Executive of Voluntary Action Stoke on Trent Sajid Hashmi and local businessman and entrepreneur Mo Chaudry, among others.
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 city of Stoke on Trent. Grants can then be given out year on year and the fund will continue to grow to give out more each year.
The Stoke-on-Trent Community Fund is still in a growth phase and will expect to start awarding it’s first grants in April 2015.
Over £25,000 has so far been donated to the Stoke-on-Trent Community Fund, as well as the inclusion of several smaller ‘dormant’ charities that have been reinvigorated and put back into use.
Dormant funds that are now included in the ‘Stoke-on-Trent Community Fund’ include;
- The G. T. Mountford Dinner Fund
- Norton Consolidated Charities
- The Eyegenic Fund
- Successive Lord Mayor’s have also contributed to the fund, including significant contributions from;
- Jean Bowers
- Derek Capey
- Denver Tolley
Private donors include;
Staffordshire Community Foundation trustees and staff
- Camila Prada
Donations have also been received from Stoke on Trent based businesses, including;
- Johnson Tiles
- Brewin Dolphin
To encourage the fund, and show our commitment to it, the Staffordshire Community Foundation has also contributed over £10,000 in match funding.
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.
The Staffordshire Communtiy Foundation, along with previous Lord Mayors and representatives of Stoke on Trent’s Voluntary sector and businesses will make up the local panel of donor advisors.
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