Transferring Capital from a Trust

Trustees of existing charitable trusts sometimes find it difficult to identify beneficiaries for the funds, new trustees or to cope with the continuing responsibilities.

In these circumstances Trustees can consider transferring their fund or part of it to the Berkshire Community Foundation, providing their trust deed has a clause permitting them to transfer the capital.

The Community Foundation can assist with the arrangements. Moreover it is able to respect the wishes of the original donor and the trustees in holding the capital in a Named Fund and focusing the income on the issues the original trust was set up to address.

For more information and an initial discussion in confidence, ring Robin Draper on 0118 930 3021

Berkshire Community Foundation - An Alternative To An Independent Charitable Trust
The Foundation offers an attractive alternative to the expense and administrative burden of setting up and managing an independent charitable trust.

Benefits to you

• There is no charge in establishing the fund and no lengthy legal agreements. The fund can (usually) be established on receipt of the donation

• Donors can set their own criteria and have as much (or little) say in how their gift is used

• A fund of £50,000 + is classed as a "Named Fund" and the grants will be distributed in the fund's chosen name or remain anonymous

• Trustees of an existing trust may want to transfer their fund to the Foundation where the fund will continue to be run in accordance with its original remit but without the administrative burden

Other Advantages for Donors
Permanence Setting up a fund allows each generation to have as much or as little say in the running of your fund

Experience Our expert grant makers and grants committees will make sure your gift will get to where it is needed most

Local Giving You and your family will feel the benefits as grants are awarded to Berkshire based groups and visits to projects can be arranged

Strength As your fund will be held with others, it gains the advantages of higher returns thereby generating more income to distribute

Flexibility The remit of your fund can be changed (in writing) at any time meaning you can support a range of causes which are important to you. Additionally, provision can be made for the management of a fund after a donor's death

Convenience Your fund can be established over a number of years and we will make your giving as tax effective as possible. We can reclaim tax paid and if you are a higher rate tax payer you will benefit from an additional 18% higher rate tax relief. Gift Aid will also make an individual's donation worth 28% more at no extra cost

Involvement We encourage donors to become actively involved with the Foundation by joining grants or fundraising committee or becoming a Trustee

Examples of Named Funds

For more details ring 0118 930 3021 or Contact Us