UKCF WEBINAR SERIES Trust Transfers 15 th Feb 2017
Agenda • Overview of meeting platform – Vicki Papworth • Welcome and intros – Mike Scott • Guest speaker – Toni Shaw • Guest speaker – Julia Iball, Oxfordshire CF • Next steps
Trust Transfers Toni Shaw Trust Transfer Associate UKCF fabbricini@btinternet.com
Charitable Trusts Charitable Trust Transfers and/or Partnerships – Dormant trusts – Ineffective trusts – Active but vulnerable trusts – Active and strong trusts – Family Trusts or Mr and Mrs Funds Drivers for the Charitable Trusts Transfers – Drivers for Trustees – Drivers for Local Authorities – Drivers for the Charity Commission
Endorsement The Charity Commission acknowledges that community foundations have a reputation for the effective management of charitable funds in order to maximise their impact at local level. The Charity Commission and community foundations have worked closely in recent years to ensure that trustees seeking to revitalise moribund (dormant) or ineffective trust funds (and who are looking for an effective way of carrying on their good work in future years) can release their funds to a community foundation as part of their appraisal of options. The Charity Commission welcomes and supports this initiative and encourages all charities to ask themselves whether they should work with community foundations as an alternative to continuing, particularly if they agree with one or more of the following statements: • We find it difficult to identify beneficiaries • We cannot spend the income of the charity • We find ourselves providing money to the same people or groups every year • We find it difficult to attract trustees • We would like to be involved in how the money is spent but we do not want the legal responsibility of being a trustee • The work of administering the charity and its investment is becoming onerous or disproportionate to the level of funding • We wish that we knew more about local issues and opportunities and who else was • Everything is now done online and we find it more difficult using IT • We are worried about doing the wrong thing and it is difficult to speak to a person about our worries www.gov.uk/government/news/how-to-release-funds-from-a-dormant-or-ineffective-trust-fund www.gov.uk/government/news/alternative-ways-to-support-your-community-or-a-good-cause
Local Authorities • Local Environment • How to find potential trust funds within Local Authorities • What’s on offer and typical Trust Funds likely to be in scope • Typical delays – Trusteeship – Councillors and Cabinet – Legal department What can help move things along – “In principle agreement” Timescales
Out of Reach BUT not Out of Sight Looking at Active Trusts – Coming ready or not – Drivers for change – Building relationships – Offering a service Things that will help – Statistics – Strong local presence and good reputation – Trustees relationships – Local knowledge and access to community – Impact reporting – Continued involvement
THANK YOU Toni Shaw fabbricini@btinternet.com T.01256 363557 M.07471 689910
Questions?
Oxfordshire CF Trusts and Foundations project
Research • Charity Commission website • Advanced search
Follow up • Finding more trusts • Checking trustee details • Planning your campaign
Outcomes • Initial letters • Follow up • Getting credibility
Questions?
Webinar series 2017 Upcoming Professional Advisors – 10am, 15th March ’17 A look at how CFs can successfully access and influence Professional Advisors. An opportunity for CFs to share strategies on this as well as case studies – what’s working? Guest speakers: Judy Dow, Development Exec at Suffolk CF Community Benefit Funds - April ’17 (Date tbc) Which CFs in the network are currently working or thinking about working in this space? What opportunities are out there for others in the network and how can we make sure that we capitalise on these and how UKCF can best support this. Guest speakers: tbc
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