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Government endowment scheme open for bids
By Mathew Little, Third Sector Online, 1 February 2008
Councils for voluntary service, community foundations and development trusts have been invited to bid to become local administrators of a £130m government programme to help small voluntary and community groups.
Grassroots Grants comprises £80m of small grants for community organisations and a £50m endowment ‘challenge’. As part of the challenge, local philanthropists are being asked to make donations that will be matched by the Government to create investment funds offering long-term grant streams for third sector organisations. The two funds...
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