Charity Bank in alliance with Investing for Good
Howard Lake | 29 June 2010 | News
Charity Bank has formed a strategic alliance with Investing for Good, the specialist social investment advisor, in order to expand its services. Geoff Burnand and Caroline Mason, co-founders of Investing for Good, have joined Charity Bank as Chief Investment Officer and Chief Operating Officer, respectively.
Charity Bank, the only authorised bank in the UK that is also a registered general charity, uses its depositors’ money solely to support charities and social enterprises. It finances projects and organisations that it considers to be viable, but which are not always commercially bankable, or where the organisation has been offered terms that are not appropriate to its situation.
Investing for Good, a Community Interest Company, is a regulated investment advisor. It works to “embed social investing into mainstream capital markets and other investors”, such as foundations, wealth managers and asset managers, with the aim of tackling issues such as education, climate change, health and poverty.
Geoff Burnand said: “Charity Bank is one of the pioneers in social banking and has a unique ethos. It has a strong track record in development finance supporting charities and social enterprises across the UK, often working in marginalised communities. It is also the best placed organisation to respond to the growing interest in social finance and we are delighted to have this opportunity.”
www.charitybank.org
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.