Share

Baroness Stedman-Scott to review government incentives for charitable bonds

Deborah Stedman-Scott
News

Baroness Stedman-Scott to review government incentives for charitable bonds

Finance | Vibeka Mair | 13 Jun 2011

Baroness Stedman-Scott will lead a review to identify and recommend options for how the government could motivate greater levels of investment in charitable bonds issued by Allia, the social profit society.

Allia’s model involves investing money from a bond holder to make a profit. As it is a charity, Allia does not pay tax, dividends to any shareholders or bonuses to its staff. And, with low operating costs, Allia can give a return to the investor in a charitable bond and give the rest of the profit away to the investor’s chosen cause.

The review, led by Baroness Debbie Stedman-Scott, chief executive of Tomorrow's People, will identify ways in which the government could encourage more capital from individual and corporate citizens to be placed in charitable bonds for the benefit of society rather than in bank deposits. The review will incorporate a cost-benefit analysis of fiscal incentives on bond investments, conducted by Grant Thornton, and is expected to report in the autumn.

Speaking at the launch of the review, Baroness Stedman-Scott said: “It’s not the government’s role to fix and fund everything itself, but government can support and encourage. I know from my work with Tomorrow’s People how effective Allia’s charitable bonds are; and now’s the time for government to work with us and encourage their take-up.”

Tim Jones, chief executive of Allia, said: "There is still a lot of potential for increasing donations," he said, "but there is also a limit to how much money in the economy could be donated. So it's essential for the government to support innovative fundraising models, like Allia's charitable bonds, that provide alternative ways of generating money for civil society."

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

Study finds that men donate more to charity when the fundraiser is an attractive female

17 Apr 2015

Men donate more to online fundraising pages where the fundraiser is an attractive female, and donate competitively...

Legion condemns poppy use on Ukip campaign advert

17 Apr 2015

The Royal British Legion has said that it is working to make sure that its poppy is “never again”...

Oxfam trials tap-to-donate technology

17 Apr 2015

Oxfam GB is running a trial of near-field communication technology to allow supporters to both donate...

National Theatre's first chief executive quits citing problems with leadership structure

17 Apr 2015

The National Theatre's first chief executive, Tessa Ross, has resigned after five months at the organisation,...

Legion condemns poppy use on Ukip campaign advert

17 Apr 2015

The Royal British Legion has said that it is working to make sure that its poppy is “never again”...

MoJ stops short of formal investigation into PCC who awarded £500,000 to her own organisation

17 Apr 2015

The Ministry of Justice has said it is not launching a formal investigation into Northumbria police and...

Oxfam trials tap-to-donate technology

17 Apr 2015

Oxfam GB is running a trial of near-field communication technology to allow supporters to both donate...

Ice Bucket Challenge effect brings down average online donation amount

15 Apr 2015

The average online donation fell by 8.6 per cent in 2014 to £63.69, according to a survey by fundraising...

Education charity UCAS broke electronic marketing rules, says Information Commissioner

9 Apr 2015

The Universities and Colleges Admissions Service broke electronic marketing rules because its admission...

Join the discussion

 Twitter button

@CSFinance