For further information please choose from the links below:
Partnership with professional companies
Management of independent charitable trusts
Corporate funds
Transfer of a charitable trust
Legacies
Gifts of shares
Donating
Partnership with professional companies
Border Asset Management
Border Asset Management (BAM) is a locally based investment management company.
The Community Foundation has developed a fund at BAM through which existing and new clients can make charitable donations.
BAM recognise the importance of providing their clients with a highly personalised, flexible, bespoke service. BAM clients can either opt to contribute to their own named fund or to the Foundation's Cumbria Communities Fund.
Coutts Bank Personal Fund
The Coutts Bank Personal Fund is a named fund that is held and managed by the Community Foundation on behalf of Coutts Bank customers. This is a new service for Coutts clients, introduced because of the growing interest in local philanthropy.
Management of Independent Charitable Trusts
Mary Grave Trust
The Mary Grave Trust was established in the 1970s and distributes more than £50,000 each year in travel bursaries to young people from low income families in West Cumbria.
The trust is now administered by the Foundation. We promote the Trust throughout the area of benefit, prepare the accounts, assess applications, complete returns to the Charity Commission and present grant applications to the Trustees for decisions. Trustees retain involvement in decision-making and policy setting.
Pat Black, Chair of the Trust, said "This new partnership with Cumbria Community Foundation has enabled us to reach out to a wider audience, and to give out more grants to more young people."
Gifts of shares
Creation of a Fund:
James Cropper Fund
In 2000 the Foundation received a gift of shares valued at £23,000 from James Cropper. Subsequently further donations of shares have been made to create the James Cropper Fund.
Donating shares can be very tax effective. Donors can claim income tax relief equal to the market value of the shares on the day the gift is made and there
is no Capital Gains Tax to pay.
It is a useful way of unlocking capital and passing it on to causes that matter.
James Cropper said, "My gift of shares helps contribute to the wealth of community life in our very special county".
Income generated from the James Cropper Fund is distributed through the Foundation's Cumbria Communities Fund.
An Anonymous Donation:
A donation to Long-Term Capital
One couple chose to donate shares worth £210,000 over a period of three years.
Their donation was made to the Foundation's Cumbria Communities Fund.
The donors said: "We are fortunate to have more income and capital than we need and live in the most beautiful area of the UK. We can think of no better way of investing surplus income or capital than in trying to help those less fortunate, whilst at the same time significantly reducing our personal tax liabilities."
Income from this Fund is distributed through the Foundation's Cumbria Communities Fund.
A Corporate Fund
Cumbrian Newspapers Fund
The Cumbrian Newspapers Group donated £100,000 in 2000 to establish the Cumbrian Newspapers Fund.
A portfolio of projects reflecting the interests of the company is presented annually to the company for consideration.
The groups that benefit are selected by the Chief Executive Robin Burgess. Grants are made in the name of the Cumbrian Newspapers charitable trust.
"CN Group, as Cumbria's local independent newspaper company, has always been interested and involved in reporting the many ways community groups help themselves and those less fortunate within the county. We have consequently been enthusiastic supporters of the Cumbria Community Foundation since it started. We were delighted that we were able to use part of a financial 'windfall' to make a substantial donation to create the Cumbrian Newspapers Fund. This means that we will now be able to distribute the income from this to worthwhile causes every year, hence making a very tangible difference to people's lives."
Robin Burgess, Chief Executive
Transfer of a Charitable Trust
Cumberland Education Foundation
The Cumberland Education Foundation was established by Cumbria County Council following the sale of Cockermouth Grammar School.
The County Council transferred trusteeship of the Educational Foundation to the Community Foundation because it believed the Foundation was the most appropriate organisation to manage the Trust.
A Legacy
The Kipling Funds
George Kipling lived and farmed in Cumbria. He cared about his local community and in particular had a concern for the welfare of children and older people.
He chose to leave a proportion of his estate to charity.
The executors of his will decided the best way to fulfil his wishes was to establish two funds at the Foundation. One benefits children and young people and
the other the elderly.
Since the funds' creation in 2000 17 projects have benefited from grants.
updated 25.05.2007