# Five funders propose post Olympic endowment fund to support grassroots sports

- Link: https://fundraising.co.uk/2012/07/24/five-funders-propose-post-olympic-endowment-fund-support-grassroots-sports/
- Published: 2012-07-24T08:05:05+01:00
- Author: Howard Lake

**Five grantmakers have created an alliance call The Legacy 2013> Partnership to
campaign for a post Olympic fund to support grassroots sports.**

London Funders, Comic Relief, Community Development Foundation, City Bridge Trust
and Trust for London plan to create an endowed fund made up of both government and
corporate money that will use sport as a catalyst for community development. They
are using a feasibility study produced by London Funders to lobby Government asking
for £60 million to be endowed as a match initiative that will raise additional money
from the private sector.

The campaign has been inspired by the LA84 Foundation which was set up after the
Los Angeles Olympics. The Foundation is still helping deprived communities 28 years
later.

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Speaking at today’s launch, Anita DeFrantz, Olympian, IOC member and President of
the LA84 Foundation, said: “Why does the spirit of the Games need to last only four
weeks? It can create a legacy that can last forever”. She acknowledged that good
work had been done on grassroots sports legacy, but noted that funding largely runs
out by 2017.

A Legacy 2013>Fund would not be a direct grantmaker to grassroots sport organisations:
instead it would fund existing experienced grantmakers to do so. It would start 
in London and roll out nationally, “bringing benefits to parts of the UK that have
not been touched by London 2012”.

Alison Seabrooke, Chief Executive, Community Development Foundation, said: “The 
really exciting thing about this is the difference it will make to the aspirations
and achievements of whole communities. We have developed and managed funds like 
this before and have seen the impact they can have on grassroots groups. It only
takes a small amount of money to make a difference and what a perfect time to seize
the opportunity of the Olympic to engage and inspire some of the most deprived people
in our communities.”

The Legacy 2013> Fund feasibility study has received support from a wide range of
other organisations including Capital FM’s Help a Capital Child, CCLA Investment
Management, City Bridge Trust, East London Community Foundation, Laureus Sport for
Good Foundation, Leyton Orient Community Foundation, London Youth, and Media Trust.

www.legacy2013fund.org.uk

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