Charitable trust comparative table
Many of us have a desire to put something back into the community and professional advisors will occasionally be approached by people who wish to establish a personal fund so that their philanthropic wishes can be met.
In these circumstances, setting up a new charitable trust is the conventional route. However, the legal responsibilities of Trustees under charity law are onerous. Any new charity will need to prepare audited accounts annually, decide on an investment policy, monitor the investments, decide upon the sort of needs they wish to help meet, agree the level of support to provide to each group, advertise their fund, carry out due diligence checks on applicant groups, make awards and then monitor the impact that the grant award has had.
Whilst we believe that there is always a place for setting up a conventional charitable trust, we have produced information which makes it easier for donors to compare the differences between setting up a Norfolk Community Foundation Trust with an Independently Registered Charitable Trust in our Charitable Trusts Comparative Table.