Through our conversations with funders and VCSE organisations, we have identified circumstances in which funds need to be held securely on their behalf on an interim basis.
Our Fund Stewardship Service has been developed in response to these needs.
Our fund stewardship service is designed for:
- Funders of all kinds, including Charitable Trusts and Foundations, Philanthropists, Businesses and Public Sector;
- VCSE partnerships and collaborations;
- VCSE organisations distributing funds to other organisations; and
- Community panels or community chests.
We offer:
- Secure and neutral fund holding;
- Administration of payments to VCSE organisations and community groups;
- Set-up of application-based funding programmes as required;
- Grant application administration;
- Grant agreements and payments;
- Financial record-keeping and reporting.
Our Fund Stewardship Service is intended to reduce the administrative burden of fund distribution on funders and VCSE organisations. It does not replace the relationships between funders, applicants and funded organisations.
Fund Gloucestershire’s role is to provide the financial and administrative infrastructure needed to put those decisions into effect.
Each stewardship arrangement will be governed by a written agreement setting out the purpose of the funds, the services to be provided, payment-authorisation arrangements and reporting requirements.
As a registered charity, Fund Gloucestershire aims to provide its Fund Stewardship Services free of charge to VCSE organisations wherever possible, with deduction charges to funders agreed according to the nature and scope of the service provided.
Any questions related to our Fund Stewardship Service should be directed to hello@fundglos.org.uk in the first instance.