We Love Tamworth (Community Fund)
Formerly called the Tamworth Community Fund, the aim is to raise £1million to enable grants to be given to Tamworth'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.
The fund will last forever
Charity information: Staffordshire Community Foundation
Every year hundreds of voluntary groups provide thousands of hours service to Tamworth. 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 be 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 Tamworth
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 on the 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 £200,000 Year 1 Year 1 target £200,000 Year 2 Year 2 target £200,000 Year 3 Year 3 target £200,000 Year 4 Year 4 target £200,000 Year 5 Year 5 target
Current Funding / Pledges
Source Amount Lee Bates, Mayor of Tamworth £0 Conditional
Tamworth is the former capital of the kingdom of Mercia, located in the south-east of Staffordshire. Demographically it has more in common with North Staffordshire.
Tamworth was divided between Staffordshire and Warwickshire, but since 1888 has been entirely in Staffordshire.
The Reliant Motor Company was based in the town until 1998.
Famous citizens include Sir Thomas Guy, who founded Guy's Hospital and Wolfsblane, a rock band, whose lead singer, Blaze Bayley, later fronted Iron Maiden
Everyone in Tamworth will benefit from this fund. Community and Voluntary groups and Charities in Tamworth help thousands every year and no one in the town 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.
The main newspaper for the Tamworth area. In 2010 SCF teamed up with the Herald to run the Community Cash Grants, giving away over £30,000.
Tamworth CVS is the local Community and Voluntary Services organisation and specialise in offering capacity building support to locally based groups
Mayor of Tamworth from 2010. Mr Bates announced in January that he would be raising funds for the We Love Tamworth fund until his end of office