SETTING UP A CHARITABLE TRUST

ESTABLISHING A FUND THROUGH THE SUFFOLK FOUNDATION

SET-UP PROCEDURES AND COSTS

Must register as a charity and apply to the Charity Commission

Simple agreement; no start-up fees or costs

INVESTMENT, AUDIT ACCOUNTING AND
TAX

Must fulfill financial and administrative requirements, have accounts audited and file accounts to the Charities Commission

The Foundation handles all financial and administrative management, independent audits and reports to the Charity Commission

GRANT
MANAGEMENT

Must research and check activities and status of all recipient organisations; has ultimate say in all grant decisions

The Foundation verifies activities and status of all potential grantees; donors have access to grant making know how and services. Donors can be involved as much or as little as they choose in the grant making process; donors make recommendations to the Foundation’s Board on grants to be made

PRIVACY

Required to keep public records

Anonymity of donor can be maintained if desired. If the donor wishes, the Foundation can serve as a mediator between donor and grant seekers

PROFILE

Responsible for own records

The Foundation can raise donor's profile in the community by making grants in the donor's name and featuring the donor in publications

NETWORKING

Must find own network and information sources

The Foundation networks like-minded donors and connects donors to a variety of groups and issues throughout the community