From October 15 the Cabinet Office will provide £500,000 in funding to support the Grow you Tenner scheme run by Localgiving.com. It is a continuation of the support it provided last year and will be welcome news for anyone interesting in registering a charity.
From 10am on 15th October eligible charities from England (including those currently going through the process of registering as a charity) will be able to have donations up to £10 matched by the scheme until the £500,000 has been allocated. Monthly donations up to £10 will also be doubled for six months. Gift aid can still be claimed turning a £10 donation into £22.50 for the charity.
Minister for civil society Nick Hurd MP is quoted as saying: “Localgiving.com is a great example of how technology can connect people with local causes they really care about. This is why we are proud to be match funding the 2013 campaign and turn donations of up to £500,000 into over £1 million for grass roots charities across England.”
A further £250,000 has been allocated to the 2013 Big Christmas Challenge.
The founder of The Big Give Sir Alec Reed CBE is quoted as saying “I am delighted that the Cabinet Office have chosen to support the Christmas Challenge. The Challenge brings so many benefits to charities, donors and philanthropists and this has rightly been acknowledged by the Cabinet Office. We look forward to working with them to make the Challenge a success for all involved.”
The donation from the Cabinet Office, along with donations from philanthropists, foundations and corporations,makes up some of the Big Give’s Charity Champion fund which supplements a pledge fund it has made from donations from major donors and trustees.
Take up is expected to be quick with donations doubled on a first come first served basis. Last year’s scheme say 11,000 online donations in 3 days raising over £10,000,000. This year donations will be doubled from 10am 5th December.
A final £250,000 is still to be allocated to local charities and the destination for this money has yet to be released.
Please contact us now if you currently run a charity or are interested in registering a charity in the UK and would like to know more.