Commentary

202 Application of the proceeds of sale of charity land

CHARITIES AND CHARITABLE GIVING vol 6(2)
| Commentary

202 Application of the proceeds of sale of charity land

| Commentary

5: PROCEEDS OF SALE ETC

202 Application of the proceeds of sale of charity land

The manner in which the proceeds of sale of charity land (or the income arising from the investments which represent those proceeds) should be applied, will in many cases be set out in the charity’s governing instrument. If there is no such provision, or if it is unworkable or inadequate and the governing instrument contains no power of variation extending to the purposes of the charity, a cy-près scheme1 under the Charities Act 2011 may be necessary.

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