Why Use Boost?
By collaborating with Boost and working with community foundations there are a number of benefits:
- As the Charity Commission provides technical and legal guidance, trustees can be assured that by working with the Boost Initiative Charity Commission guidelines are being adhered to. All community foundations that are Boost Initiative associates are Charity Commission trained
- The Boost Initiative can enable trusts that are struggling to grant-make with outdated objectives to modernise their objectives to meet relevant social need and issues in the trust’s area of benefit
- Community foundations are specialists in the management and disbursement of funds for hugely diverse charitable activities, including the management of endowed capital
- Community foundations work on a segregation basis, managing a variety of distinct funds, each one having different aims and objectives. Fund holders are able to retain a separate identity with separate aims and objectives
- Community foundations have an unrivalled knowledge of their local communities. Community foundations’ local knowledge and partnerships with local outreach agencies ensures that suitable grant recipients are aware of funds that are available
- Former trustees can maintain involvement in grant-making by becoming a Grant Panel Member, but without fulfilling the requirements and obligations and administrative burden that is inherent to being a trustee
- Community foundations are able to add value to trust funds, as they are able to deliver match funding from other resources that are able to enhance the impact of a fund. Advisory groups are often formed to deliver the growth of a fund.
For more information on the Boost Initiative and how we can help you, please contact Boost.
