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

HMRC doubles scrutiny of charity gift aid claims following Cup Trust

22 Apr 2014

HM Revenue & Customs more than doubled the number of investigations into claims for gift aid in the...

Donations to foodbank appeal surge after critical Mail article

22 Apr 2014

The Trussell Trust’s Easter Appeal raised more than £50,000 in two days after a backlash on social...

2014 London Marathon on track to beat the £53m raised last year

18 Apr 2014

The 2014 London Marathon is on track to raise more than £53m for good causes and break the Guinness World...

Shawcross terror warning in national press

22 Apr 2014

Terrorist abuse of charities is “potentially the most deadly” problem the Charity Commission faces,...

Husband and wife jailed for three years for charity theft

22 Apr 2014

The former chair of Lincoln and District Mencap and his wife have both been jailed for fraud and theft...

Paula Sussex to be the next Charity Commission chief executive

17 Apr 2014

Paula Sussex, senior vice president, public sector of CGI, has been appointed the new chief executive...

'Technology can offer charities more than just online donations'

10 Apr 2014

Charities are focusing too much on using digital tools for fundraising instead of how technology can be...

Amnesty calls for 'full and frank disclosure' on alleged US surveillance

9 Apr 2014

Amnesty International has warned that alleged mass surveillance by the American intelligence agency NSA...

Virgin Money Giving launches app following year of growth

1 Apr 2014

Virgin Money Giving has launched an app for users after reporting that 30 per cent of traffic to its platform...

Join the discussion

 Twitter button

@CSFinance