Boost in the Economic Downturn
The Boost Initiative is working more than ever with charitable trusts in the current economic climate, as trustees see their capital assets lose value as interest rates drop significantly.
Trustees who are struggling to operate and are worried about dwindling interest rates are setting up new funds at their local community foundation, to take advantage of having their charitable assets managed by the community foundation’s professional investment managers.
The economies of scale that community foundations have means that it is often far more cost effective for them to administer charitable assets than it would be for one charity to do so on its own, ensuring that they the charitable assets are able to achieve maximum impact in the local community.
If you would like to find out more about how Boost can help you in the current economic climate please contact us.
