IoF and PFRA postpone merger vote
Howard Lake | 16 June 2016 | News
The planned merger of the Institute of Fundraising and the Public Fundraising Association (PFRA) has been delayed to allow more time for legal elements of the due diligence process to be completed.
The decision was taken at the PFRA’s AGM held yesterday in London.
Both parties “remain committed to the merger”. The target date for completing the process remains 31 July.
Peter Lewis, CEO of the Institute of Fundraising (IoF) and Peter Hills-Jones, CEO of the PFRA, said in a joint statement:
“The IoF and PFRA have today agreed to set a new date for the formal vote to confirm our merger, allowing both our organisations to complete all the legal requirements of the due diligence process. The Boards of both organisations remain entirely committed to merging at the earliest opportunity and the target date for completing the merger remains unchanged at 31st July.”
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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.