Stimulus package recommended to support charities during coronavirus (COVID-19)

Stimulus package recommended to support charities during coronavirus (COVID-19)

The Charity Aid Commission (CAF) has issued a briefing paper outlining immediate and mid-term recommendations for the government and private funders to adopt to ensure that charities can continue to support communities during and after the coronavirus (COVID-19) pandemic. The recommendations include setting up a philanthropy pledge, making Gift Aid universal until the end of 2021, releasing the National Fund assets, repurposing dormant charitable trusts, encouraging funders to collaborate and incentivising foundations and charitable trusts to spend-down 10-15% of their endowed assets. The CAF also urges the Charity Commission to be more flexible when defining the mission of a charity and amending charitable objects.

The recommendations come after a CAF poll of its charity customers revealed that 53% of them require unconditional cash grants and 19% said they need more people to deliver services. It has also been reported that there is a 43% rise in demand for charity services during the coronavirus crisis.

The full briefing paper can be accessed here.

Source: A COVID-19 PHILANTHROPY STIMULUS PACKAGE

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