Charity Commission and UK Community Foundations call for more charities to join programme to release charity money, as future funding announced by DCMS.
Since its launch in 2018 the programme has ‘revitalised’ £32 million to help good causes – including charities that are responding to the coronavirus and supporting their communities.
Funds are released from charities that are either inactive (meaning have had no income or expenditure over the last 5 years) or ineffective (spent less than 30% of total income over the last 5 years).
The Commission has so far removed 179 charities from the register – 67 since lockdown – transferring funds to similar charities, to local Community Foundations or to UK Community Foundations, and revitalised 26 charities.
To read the full article click here.