FUNDRAISING NEWS: Fruitful to use half its profits in bid to pay back charities

All of Fruitful Fundraising's subsidiary divisions will pay into a new charitable trust to compensate the charities that lost out from the liquidation of its face-to-face fundraising company Open Air Fundraising.

Open Air Global, Front Door Fundraising and Charities in the Workplace, which are now known collectively as Fruitful, and Front of House Fundraising, which will retain its own brand name, will all contribute 50 per cent of their profits to the fund until the charities are recompensed.

After the charities have received their compensation, Fruitful will contribute 25 per cent into the fund, which will continue to make grants to small charities.

"All the subsidiaries having to give 50 per cent means the charities are compensated more quickly," said Fruitful fundraising chairman Andrew Holliday.

Michael Barry, a lawyer at Brighton's Farrington Webb Solicitors, and Simon Carruth, finance director at the Medical Foundation for the Care of Victims of Torture, have been appointed as trustees.

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