The Co-op has changed the way it returns a dividend to its members. It will now be returning 5% of what members spend in the form of vouchers, together with 1% which will be donated to a local good cause.
“Every time our members buy selected Co-op branded products and services” the organisation has announced, “1% of their spend goes to a local cause. The more members spend, the more money goes to causes in their area”.
The funds available will be kickstarted in two ways:
- the Co-op will donate income from the sales of its reusable bags
- and it will donate the 5p fee (where applicable) that it now charges for plastic bags
The Broughty Ferry Library in Dundee, Scotland, is one of the local organisations that has benefited from support from the Co-op and its members:
Co-op members will be able to help choose which local organisation receives their 1% donation by logging into their membership account.
Applications open later
Applications from charities and organisations wishing to benefit from the fund are not possible at this stage. The Co-op will issue a request for applications later in 2016, and UK Fundraising will share details.
Meanwhile you can find out more about the Co-op Local Community Fund. Note that “you and your members will need to be Co-opMembers to raise funds for your cause”.
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