Government announces funds for innovative fundraising
Howard Lake | 16 November 2005 | News
The Home Secretary, the Rt Hon Charles Clarke MP, yesterday announced that government funds are to be made available to fundraisers to test original and tax-efficient methods of fundraising.
Speaking at the annual ‘Funding the Future’ conference organised by fundraising and strategy consultancy, Action Planning, with ACEVO and Third Sector, the Home Secretary launched an Invest to Give fund for innovation. This will give small and medium-sized charities the capacity to test new fundraising ideas, provided that an agreed proportion of monies raised from successful projects are re-invested in the fund.
The innovation fund forms part of a package of measures entitled “A Generous Society” which the government hopes will promote “a culture of giving”.
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An extra £9 million will initially be used to fund voluntary and community groups that support charitable giving; provide support for charities through training events; work with corporates to build private sector engagement with the implementation of the Russell Commission; and work with the Giving Forum to consider the potential benefits of a future national celebration of giving, such as a Year of Giving.
Secondary schools in England will also be given ‘Charity Accounts’ offering balances of £500 for students to set up and run their very own charitable organisations.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.