Setting up a charitable trust
As a registered charity, a charitable trust is run independently of your company but according to the objectives you set out. Your company donates a sum of money to the charity, which awards it as grants to beneficiaries. Independent trustees oversee all the policy and grant decisions.
For companies wishing to help customers in debt, setting up a charitable trust typically offers you:
- A way to support vulnerable customers
- Customers more inclined to be open about circumstances to an 'independent' organisation – leads to better identification of genuine 'can't pays'
- Tax efficiencies
- Separation and easy identification of costs
- Scoring against social responsibility targets
- Ring-fenced financial commitment – donors not under pressure to top-up the fund
- Customers encouraged to pay future bills after receiving support
- Enhanced external reputation as company seen to be wanting do the right thing. Auriga's set up of your trust includes all the necessary legal and preparation work and adaptation of our systems to meet your requirements.
- We apply for charity registration on your behalf and normally advise incorporation as a Ltd company for added protection of the trustees
- If required we can propose trustees or help you appoint them
- Trustees will typically delegate grant-making decisions to Auriga.
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Why choose Auriga?
Our team includes people with utility, commercial and charity backgrounds, bringing a wide knowledge base and understanding of the issues. Our experience will help.
