The idea is that this new entity is set up within CAFAmerica itself, which also handles administration of the service. This, says CAFAmerica, leads to a reduction in cost and administrative burden and creates a level playing field for large and small charities.

The service is not without cost, with a set-up fee of $1,000 (including a starter pack with information on US fundraising), an annual fee of $3,000 (which includes up to 100 gifts), and $1,000 for each additional 50 gifts.

There are information sessions for the new service planned in London, the first on 24 February. For more information, email fiona@fionafountain.co.uk. Likewise, you can visit www.cafonline.org/cafamerica to find out more.

Meanwhile in the UK, CAF has introduced a new account offering investors the prospect of stock market linked returns while cutting out the risk with a minimum guaranteed return of 15%. The CAF Guaranteed Equity Account is a five year, fixed term account and has been designed exclusively for charities and other non-profit organisations.

For more information visit www.cafonline.org/managingmoney