We Love Stoke fund
Formerly called the Stoke on Trent Community Fund, the aim is to raise £1million to enable grants to be given to Stoke on Trent's community and voluntary groups; the youth clubs, the elderly social groups, the amateur sports teams, the dance troupes, all the groups that do so much good for the city.
We aim to raise the amount within 5 years, but the fund will always remain open.
Charity information: Staffordshire Community Foundation
Every year hundreds of voluntary groups provide thousands of hours service to Stoke on Trent. They help to keep the kids off the street, they provide social contact and enjoyment for isolated members of society, they teach children new skills, they tackle disadvantage that statutory bodies can not.
All the money raised will eb placed into a 'Permanent Endowment Fund'. The money will be invested according to Charity Commission guidelines and the interest and dividends will be used to provide grants to the city's voluntary and community groups. Using 5% as a guideline it means that each year, and every year, we will be able to give away grants to the city totalling £50,000 and because of the way the fund is invested, this amount should increase year on year - forever.
To provide a permanent, sustainable source of funding for Stoke on Trent.
Activities» A Permanent Endowment Fund has already been established. There will be more fundraising events announced in the future.
What success will look like
Every year the Staffordshire Community Foundation publishes a report, detailing all the grants that we've given in that year, as well as all money raised.
Many community groups, voluntary groups and charities are constantly under threat of closure, due to the amount of fundraising needed to enable them to continue. This fund will help to ensure that there will be funding available to them in the short term, and more importantly, in the long term.
Permanent Endowment Funds are invested ont he stock market according to Charity Commission guidelines. This offers a degree of protection to ensure that the fund will exist forever.
A report is produced yearly by the Staffordshire Community Foundation which will give details of all grants given and all funds raised, as well as our operating costs. people can view these at any time or can call us to get an update at any time.
Budget - Project Cost: £1,000,000Loading graph....
Amount Heading Description £150,000 Initial March 2011 Target This is to ensure that the Governments contribution, (£75,000), does not have to be returned. £850,000 March 2015 Target We hope to raise £1 million in 5 years. The fund will always continue to grow.
Current Funding / Pledges
Source Amount Derek Capey (Fmr Lord Mayor) £2,500 Guaranteed Jean Bowers (Fmr Lord Mayor) £1,250 Guaranteed Match Funding £75,000 Conditional
Stoke on Trent is a former industrial city, located on the border of the West Midlands and the North West, in the county of Staffordshire. Much of it's industry, including manufacturing and mining is now gone. It is one of the greenest cities in England with many parks and open areas.
Everyone in Stoke on Trent will benefit from this fund. Community and Voluntary groups and Charities in Stoke on Trent help thousands every year and no one in the city is more than a mile away from one of these groups.
The Staffordshire Community Foundation has good strong local links to all of Staffordshire. it's main aim is to benefit the communities of Staffordshire and is solely focussed on the local area.
We are based in Staffordshire and so are better placed than many national charities to deal with local problems.
Read more about the Charity running this project.
Staffordshire Community Foundation
We will lead the project, the fund raising and the implementation of the aims.
VAST (Voluntary Action Stoke On Trent)
Voluntary Action Stoke on Trent is the local CVS for the city and aims to help strengthen the voluntary sector of the city.
The leading newspaper for North Staffordshire who have back the fund from the beginning.
Ian Dudson, High Sheriff Of Staffordshire And Chairman Of The Dudson Group
At the launch Ian said, "I think the city has been sorely lacking a fund such as this. it is a wonderful concept".