Establishing new endowment funds for charities
We have been helping an increasing number of charities to set up new endowment funds including for use as fundraising vehicles to attract new donations to the charity which will be used over the longer term, including to help secure the long term future of the charity.
Establishing new restricted and endowment funds for donors
We are also helping philanthropists to set up new endowment funds to ensure that their charitable legacy will have maximum long term impact, and restricted funds to be used for particular charitable purposes. We have particular experience in advising on the establishment of waqf funds within the Muslim community in line with Islamic philanthropic principles.
Advising on the terms of restricted and endowment funds
We can support clients with reviewing the terms of their restricted and endowment funds, so they can understand the terms on which they are held – and whether they truly are subject to restrictions.
Advising on the powers to unlock restricted and endowment funds
We advise on the scope to use statutory powers to:
- modernise the purposes of restricted funds.
- release restrictions on spending the capital of endowment funds.
- borrow from permanent endowment funds.
- invest permanent endowment on a total return basis, which can facilitate a more flexible approach to investment.
- use permanent endowment funds to make social investments.
