Dispossessed Fund raises £2m for projects to tackle London poverty

Endowment fund to be set up as London Evening Standard campaign is match-funded by the government

  • This story has been corrected since publication (see final paragraph below)

A £2m endowment fund to support voluntary sector projects that tackle poverty in the capital is to be created after an appeal by the London Evening Standard newspaper raised more than £1m.

The money raised so far by the paper’s Dispossessed Fund has been match-funded by the Grassroots Endowment Challenge, a £50m government fund administered by the Community Foundation Network. Gift Aid will increase the amount further.

The Community Foundation Network is also looking into whether it has enough money left to match any additional funds raised by the newspaper’s appeal.

Prime Minister David Cameron called the appeal a "tremendous achievement".

The criteria for grants from the endowment fund have not yet been announced.

  • The Grassroots Endowment Challenge is administered on the government's behalf by the Community Development Foundation, which subcontracts support for local funders to the Community Foundation Network.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
Follow us on:

Latest Fundraising Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Charity property: could you be entitled to a huge VAT saving?

Charity property: could you be entitled to a huge VAT saving?

Partner Content: Presented By Markel

When a property is being constructed, VAT is charged at the standard rate. But if you're a charity, health body, educational institution, housing association or finance house, the work may well fall into a category that justifies zero-rating - and you could make a massive saving