We Love Lichfield fund
Formerly called the Lichfield Community Fund, the aim is to raise £1million to enable grants to be given to Lichfield'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 district.
The fund will run forever
Staffordshire Community Foundation
Every year hundreds of voluntary groups provide thousands of hours service to the Lichfield district. 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 district 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 the Lichfield area.
Activities» A Permanent Endowment Fund has already been established. There will be more fundraising events announced in the future.
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 £1,000,000 Fund Target This is an initial target but will hopefully be surpassed in the long term.
Current Funding / Pledges
Source Amount J S Brown £7,102 Guaranteed Old Bath £90 Guaranteed Sir Thomas Hewitt £8,079 Guaranteed Lichfield Provident £9,275 Guaranteed Match funding for above 4 donations £24,546 Guaranteed
Lichfield is notable for its cathedral and as the birthplace of Samuel Johnson, the writer of the first authoritative Dictionary of the English Language. Today it still retains its old importance as an ecclesiastical centre and the centre of the city retains an essentially old-world character. In July 2009, the Staffordshire Hoard, the largest hoard of Anglo-Saxon gold ever found in Britain was discovered in a field near Lichfield. The population of the area is just under 100,000.
Everyone in the Lichfield district will benefit from this fund. Community and Voluntary groups and Charities in Lichfield 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.
They are fully supportive of the aims, and will be involved in not only raising funds, but also the distribution of grants from the established fund.
Mr Price will be spearheading the fund. As the head of Arthur Price Cutlery and former Sheriff of Lichfield he has strong links to the district.
Lichfield District Council
To show their support for the fund the council has already handed over several dormant funds.