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| Setting up a Fund |
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Your own Named Fund at The Suffolk Foundation works just like your own charitable trust but is a lot easier for you to manage. Please see our Comparative Table, which clearly details the benefits and comparisons. We handle the investment, correspondence, compliance and governance. This leaves you free to focus on building your fund, perhaps over a number of years, and helping us decide which applications should receive a grant from your fund. Named funds can be:
To cover the cost of administering your fund, as well as managing the grant making process, we take a charge of up to 1% of the market value of your fund every year. You will find this is far less than the charges usually associated with independently managed funds. |
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