Colyer-Fergusson Million Pound Match Challenge
To celebrate its 50 years of philanthropy in Kent, the Colyer-Fergusson Charitable Trust has launched an exciting partnership with Kent Community Foundation to encourage local philanthropy and build a legacy for disadvantage young people in Kent and Medway.
The Colyer-Fergusson Million Pound Match Challenge will add £1 for every £1 donated to an endowment fund at Kent Community Foundation. The funds will be invested in perpetuity and the income gained every year will be used for charitable grant making for the benefit of disadvantaged young people in Kent and Medway.
Match challenges are extremely effective in encouraging donors to set up local funds to support their own communities. We have successfully managed two match fund challenges in the past, which increased the value of the Foundation’s endowment and introduced new donors who have ensured funding continues to be distributed to smaller, mainly volunteer led groups across the County.
An illustration of how the
match will work:
Donation: £100,000
Match-funding: £100,000
Gift aid reclaimed: £25,000
Less KCF set-up contribution: -£2,500
New endowment fund: £222,500
It's great having a foundation that empowers organisations and charities in our community to make real positive differences and changes!
Tom, MMK Mind