Laura Soley and Alice Faure Walker, both in our Charity team, have been published in the April 2025 issue of Independent Schools Management Magazine.
Their article “Unlock your funds” discusses how financial resources of almost any independent school will show that it has access to charitable funds; to include donor gifts, endowments and restricted funds, which can only be used in particular ways, but often times upon review, there is allowance for the funds to be used for wider purposes.
“We’ve helped trustees change funds so that they can be used for wider public benefit – for example, merging and updating small individual prize and scholarship funds so that they can be used to provide broader support for pupils through bursaries and other financial assistance. Or there might be an argument the funds could be better used to help boost the school’s finances generally – for example where the fund is restricted to a narrow subject or activity and the funds would be better spent to support the school more widely.”
Read the full article below on page 30-31.