Charitable Trusts

HIWCF has developed a range of services specifically for Charitable Trusts. We are able to offer a variety of options including full trust management, grant-making and access to information and advice.

Trustee responsibility
It is generally agreed that the responsibilities assigned to trusteeship are becoming more onerous. Perhaps current trustees no longer want that responsibility, or do not have other trustees to take on the role. It may be that the involvement of the family of the original benefactor is no longer available, or that a professional adviser has little time to devote to being a trustee of a trust fund. In all cases, the Trustees of Hampshire and Isle of Wight Community Foundation could take on that role.

Transfer of existing Trust
There may be certain circumstances when there will be benefits in considering the transfer of trusteeship of an existing trust fund to the management of Hampshire and Isle of Wight Community Foundation. This does not mean giving up all involvement, as the Community Foundation works closely with its donors to ensure that their wishes are met, now and in the future.
Simple to Transfer
The Charity Commission does recognise that community foundations may be suitable alternative trustees of existing trust funds and are helpful in identifying the process required for the transfer. www.charitycommission.gov.uk

The charitable objects remain the same
In considering the transfer of such fund, it is important to note that Hampshire and Isle of Wight Community Foundation will honour the wishes of the original benefactors, in perpetuity. Hampshire and Isle of Wight Community Foundation is here to stay and successive Trustees will work to the remit that is agreed at the time of the transfer. Clients can be confident that their wishes will be adhered to, for generations to come.

Small trust fund
If the income from an existing fund is relatively low, it may not warrant the expense of administration. By pooling resources, both in fund management and grant administration, HIWCF is able to maximise the impact of whatever capital is available.

As each case will be individual, we would be pleased to discuss the transfer of your trust funds, please do contact us at info@hantscf.org.uk