Let the Fund have use of your money
Fund raising is not easy for any Charity, and purchasing property is a particularly expensive exercise. The Fund has received offers of capital from individuals as an ethical form of investment. They are prepared to invest capital in specific properties in return for potential capital growth, allowing the rental income to come to the Fund in return for administering and maintaining that particular property. Some individuals require a small income from their investment; the Fund is totally flexible to the circumstance of the individual.
Likewise the Fund is discussing the possibility of other charities developing their own property portfolio, purchasing properties within their jurisdiction matched to a successful applicant to the Fund. The Fund would again manage the property in return for the rental income, allowing the charity to enjoy any capital appreciation of the property.
One example of this is the Fund’s agreement with The Jersey Cattle Society. The Society has lent the Fund £500,000. This has been used for house purchases, with the rental income split between the Society and the Fund. The Society has an income, plus an investment in property.
Charities working together
There may be circumstances where working together could be mutually beneficial. If you know of a dormant charity with similar objectives, or a small one where amalgamation would reduce operating costs, it may be worth contacting the Fund to discuss the possibility of working together.
As an example the Addington Fund is proud to be entrusted with responsibility for the George Stephens Charity.
This is an endowment fund previously managed by the NFU Trust, will be managed as a restricted fund and known as the NFU George Stephens Charity, and will continue to reflect the wishes of the benefactor and his family.