Many of you who know us well will know that along with our donors, we focus our grantmaking on smaller charities and community groups across London who can struggle to gain mass public support. This has never been more important than it is now.
Reports published earlier this month by the Lloyds Bank Foundation for England and Wales show that charities with annual incomes of between £25,000 and £1m have been the worst affected by reductions in local and central government funding in recent years with losses ranging from 26 to 44 per cent between 2009/9 and 2012/13. In contrast, charities with incomes of between £10m and £100m lost only 2 per cent of their local government income and 7 per cent of their central government income over the same period.
In this environment, the role of the Community Foundation in helping people to support smaller organisations becomes ever more vital. I am delighted that in this edition of our e-bulletin, you can read, amongst other articles, an interview with David Kogan, one of our donors, who has increasingly switched his support to this part of the sector and a feature on Doorstep Homeless Families Project, who have been funded by him.
With best wishes, Victoria Warne – Deputy and Interim CEO
see the full newsletter here: http://dmtrk.net/1QF7-40SD4-1CKYV7LZEB/cr.aspx