The East End Community Foundation (EECF) has launched a new £1m Endowment Match Programme to mark their 25th anniversary. The programme will offer donors the chance to boost their donation by 50%.
An endowment is a permanent charitable resource that grows through the support of its donors; a sum of money is invested and the dividend generated is used for grant making year on year. By comparison in a flow-through fund donations are used for immediate spend, usually awarded in grants over a 12-month period.
Recognising the benefits that long-term investment brings to the local community EECF are making £1m of match funding available to new and existing donors who choose to set up or contribute to an endowment, on a first-come first-serve basis.
To find out more and register your interest visit the East End Community Foundation.