Renewable energy and land or property development firms often make charitable investments in the communities where they work through community benefit funds. Devon Community Foundation has a strong track record of working with developers to ensure these funds are invested effectively and with the active involvement of local residents. To discuss how we could work on a community benefit fund with you, contact Scott Walker on 01884 235887 or email firstname.lastname@example.org.
What are the benefits of delivering a community benefit fund through Devon Community Foundation?
- It avoids the need to set up and administer a new charitable trust, but the fund remains ring-fenced solely for the area and purposes agreed
- We are independent of any particular local interests or organisations and our processes are transparent and objective
- We provide a full audit trail and are accountable to the Charity Commission
- We have a dedicated, experienced senior manager to work with you and the fund panel
- Our endowment ensures we will be around for the long term
- We can recruit and run a community panel to advise on the fund, which can include residents, Parish councillors and local business people as appropriate
- We can invest in a wide range of activities, so long as the work being supported is legally charitable
- We handle all requests for support and all funding awards. We can make grants, commission projects and partner with other bodies on joint schemes – including loans
- Funds can be entirely revenue based, or include an element of endowment building to result in a lasting community asset and a legacy beyond the life of the fund
- We monitor awards, arrange visits to projects and generate publicity for the fund, clearly demonstrating the impact of the funds spent on the community affected
FUNDING IN ACTION:
Thorne Farm Wind Turbine Community Benefit Fund
Long running charity, Holsworthy Rural Community Transport have over 20 volunteers providing door to door transport in this very rural area. £3,000 was invested to support their ring and ride service, helping over 250 isolated older people without their own transport to attend appointments and remain independent in their own homes for as long as possible. A local who depends on the charity to help her get to hospital appointments said, “It is a wonderful service and a lifeline when one is so isolated.”
“Getting this grant is great news it will help us continue to provide the service to those who are rurally isolated, vulnerable and who depend on the service for social contact and for essential shopping.” Martin Prentice, Holsworthy Rural Community Transport