£1.6 million trust transfer to Northamptonshire Community Foundation

Published - Wednesday, 13 August, 2014

 

Northamptonshire Community Foundation has been working closely with the trustees of Northampton Queen’s Institute Relief in Sickness Fund, a charity formed in 1971, to establish a named fund through its transfer to the Community Foundation. The intention is for the new fund to benefit people in the county of Northamptonshire and will have a focus on health and well-being for the people and communities across the county.

Michael Orton-Jones, ex- Chair, of the Northampton Queen’s Institute Relief in Sickness Fund said: “A sensible approach to investment and the negligible cost of running the charity through Shoosmiths in the fund’s early days, has allowed it to grow magnificently over forty odd years. The Northamptonshire Community Foundation has all the professional support and expertise to enable it to deal with the daily management issues confronting us and the trustees of the Queen’s Institute are confident that this charity which has done so much to help the health of the inhabitants of Northampton will continue to prosper under the guidance of the Community Foundation.

 

Northamptonshire Community Foundation Chief Executive, Victoria Miles said: “Through the Community First Endowment Challenge for Northamptonshire we have been able to increase the value of the fund from just over £1 million to £1.6 million. This will make a positive and lasting difference to so many people in our county and we would like to thank the trustees of the Northampton Queen’s Institute Relief in Sickness Fund for enabling us to establish this fund and to Hewitsons LLP who managed the transfer on our behalf.

 “We provide a service to those who are interested in making a difference locally, helping donors achieve their charitable wishes and building stronger communities for our county. The recent endorsement by the Charity Commission, acknowledges that community foundations have a reputation for the effective management of charitable funds in order to maximise their impact at local level. They have worked closely in recent years to ensure that trustees seeking to revitalise trust funds can release their funds to a community foundation as part of their appraisal of options”.

 

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