The Endowment Match Challenge aims to raise £100m in donations through individual and corporate philanthropy. Donations received will then be matched with £50m of government investment. Endowment funds raised will continue to grow over the life of the programme to ensure a sustainable source of funding for communities in years to come.
UK Community Foundations are working in partnership with CDF (Community Development Foundation). We provide valued services for individual and corporate donors. Community Foundations support community groups and enable individuals and comapnies to contribute to local needs, sustaining stronger communities over the long term. Community Foundations will set up endowed funds for donors and the Endowment Match Challenge will increase the value of donors’ funds by 50%. The target is to create an overall endowment of £150m, £100m of which will be private donations topped up by £50m of government match. CCLA will manage the investment of the endowment funds. From 2015 endowment funds will be released to fund local social action projects through grants and other forms of social investment. The Social Investment Business and its parent charity, the Adventure Capital Fund, will help develop social investment propositions.
If you are interested in making a donation through the Endowment Match Challenge, contact your local community foundation. If you are interested to find out how setting up an endowment fund could benefit your company please read our guide for corporate donors.