National poverty charity Elizabeth Finn Care is to help more people living in financial need in Edinburgh by taking over the management of 38 locally based trusts from the City of Edinburgh Council.
The move will herald a new era for funds that have remained dormant for many centuries, by being used to benefit the people of Edinburgh.
In addition, some 670 beneficiaries currently supported by the trusts will gain extra help and support from the new arrangements.
Elizabeth Finn Care will take transfer of the funds from the City Council at the start of the new financial year and aims to use its expertise in giving grants and the added value of its innovative Turn2us service, which helps people to check their eligibility for benefits and charitable grants, to increase the reach and focus of the funds.
Matthew Sykes, chief executive of Elizabeth Finn Care, said: “This is very exciting news not only for Elizabeth Finn Care, but also for those in Edinburgh who are struggling financially.
"The City of Edinburgh Council has shown considerable foresight in recognising the benefits a charity can bring to the City’s residents in administering these funds. We have supported people struggling financially for over 100 years and look forward to bringing that experience, along with our new and innovative service, Turn2us, to Edinburgh.”
The funds will be ring fenced for the benefit of the residents of the City of Edinburgh and will offer a range of funding streams which will be announced in the New Year.
Councillor Tim McKay from the City of Edinburgh Council said: “This is excellent news for people in Edinburgh who stand to gain from the knowledge and expertise Elizabeth Finn Care will bring to the trusts, some of which are bequests made hundreds of years ago.
“We want to see the money used in the best possible way. By transferring management of these trusts to the charity, they are in effect consolidated and can be run more efficiently as one rather than 38.
"Also Elizabeth Finn Care has more of the specialist skills required to administer and disburse payments to beneficiaries. This will mean more benefit to those people in Edinburgh who need help. In these financially difficult times, this is good news for everyone.”
Latest News
-
‘Lack of buy in’ from charity leaders hindering philanthropy, fundraising body warns
-
World’s wealthiest continue to be less generous than those in lower income countries
-
Seven in ten new regular donors recruited through face-to-face fundraising, survey finds
-
Charity Commission ‘does not appear at all fit for purpose’, MPs to warn PM
-
Anti-poverty charity names interim chief amid health support expansion
-
Sarah Lomax: “Sharing power is part of what we’re learning how to do”
Charity Times video Q&A: In conversation with Hilda Hayo, CEO of Dementia UK
Charity Times editor, Lauren Weymouth, is joined by Dementia UK CEO, Hilda Hayo to discuss why the charity receives such high workplace satisfaction results, what a positive working culture looks like and the importance of lived experience among staff. The pair talk about challenges facing the charity, the impact felt by the pandemic and how it's striving to overcome obstacles and continue to be a highly impactful organisation for anybody affected by dementia.
Charity Times Awards 2023
Mitigating risk and reducing claims
The cost-of-living crisis is impacting charities in a number of ways, including the risks they take. Endsleigh Insurance’s* senior risk management consultant Scott Crichton joins Charity Times to discuss the ramifications of prioritising certain types of risk over others, the financial implications risk can have if not managed properly, and tips for charities to help manage those risks.
* Coming soon… Howden, the new name for Endsleigh.
* Coming soon… Howden, the new name for Endsleigh.
Better Society
© 2021 Perspective Publishing Privacy & Cookies
Recent Stories