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

Band Aid 30 raised £1m in first day

19 Nov 2014

Band Aid 30 became the fastest-selling single of 2014 when it was released yesterday, with 206,000 people...

Society lotteries deregulation could lead to less trust in charities, says NCVO

19 Nov 2014

Deregulation of society lotteries could impact public trust and confidence in charities, NCVO has told...

UK is joint-seventh overall in World Giving Index of 135 nations

18 Nov 2014

The UK and Ireland are the fourth most generous nations in terms of giving money to charity, the latest...

RNIB chief executive criticises ‘arrogance’ of MPs who think charities must learn from private sector

21 Nov 2014

Lesley-Anne Alexander, chief executive of RNIB, yesterday said she had a “struggle with the arrogance”...

Don't lecture us on impact when government has failed to measure its own, Wilson told

21 Nov 2014

The minister for civil society was criticised yesterday for telling charities to measure their impact...

Volunteer managers say they need a stronger representative body

21 Nov 2014

The volunteering sector needs a more powerful representative body, volunteer managers have said in response...

OSCR launches new website

20 Nov 2014

The Office of the Scottish Charity Regulator has launched a new website which includes a new search function.

Data from controversial Samaritans app to be deleted

17 Nov 2014

Samaritans has promised that all data collected by its Twitter monitoring app will be deleted and the...

Post Office enables Children in Need donations through Twitter

11 Nov 2014

The Post Office has become the first UK organisation to allow Twitter users to donate to charity through...

Join the discussion

 Twitter button

@CSFinance