Commentary

206 Investment property and permanent endowment

CHARITIES AND CHARITABLE GIVING vol 6(2)

206 Investment property and permanent endowment

206 Investment property and permanent endowment

Land may be purchased as an investment for a charity if the charity’s powers of investment1 extend to investment in land. In other cases, including the situation where it is proposed to invest permanent endowment in the purchase of land and (very rarely) the charity’s powers of investment expressly prevent this2, it is necessary to seek the authority of an order of the Charity Commission sanctioning the transaction3. For this purpose, the Charity Commission will normally require to be supplied with a report from an independent surveyor acting exclusively

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