Big Lottery Fund Chief Executive notes FST as potential model for future funding programmes
Posted on Thu 06 November 2008
In an interview with Charity Finance magazine, Peter Wanless, Chief Executive of Big Lottery Fund (BIG), talks about BIG’s consultation and the existing funding models they’re considering - Fair Share Trust is one of the two models he mentions. “As well as the capacity to make loans, Wanless wants to see if there is any scope to build on the Fair Share Trust endowment model. The Trust is a UK-wide investment trust, established by BIG in 2001, and managed by the Community Foundation Network. It provides expendable endowments to community organisations and aims to build capacity and sustainability, as well as social capital.”