VAT tribunal judgment on investment management fees worth tens of millions to the sector
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VAT tribunal judgment on investment management fees worth tens of millions to the sector

30 Jun 2015 | David Ainsworth

Charities should be able to reclaim VAT on investment management fees, a tribunal has ruled, in a move which is likely to mean tens of millions of pounds of additional cash for the sector.

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VAT tribunal judgment on investment management fees worth tens of millions to the sector

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Chief executive of Admiral and wife jointly invest further £20m into charity

The chief executive of Admiral Insurance, Henry Engelhardt and his wife, Diane Briere de l’Isle have made a £20m investment into the Moondance Foundation – a charity they founded together in 2010.

NPC

Charities and funders face big decisions after a “seismic shift” in public service commissioning, according to a new report by the charity think tank NPC. 

Peer calls on government to give 5 per cent of Northern Rock Asset Management sale to charity

Liberal Democrat peer Lord Shipley has called on the government to donate 5 per cent of the profit of the sale of the ‘bad arm’ of Northern Rock Asset Management to the Northern Rock Foundation or a successor foundation.

People's Health Trust

The grantmaking community health charity, People’s Health Trust, announced today it will build a living wage requirement into all future funding applications.

He was just so nice - an over used word, but I can only ever see Daniel with a smile on his face. Genuine, wickedly funny, intelligent, oozing with foresight and interest.

» Daniel Phelan dies, aged 58

Kevan Jones

A Virgin Money donation of £1m to charities in the North East has been described as “paltry” by Labour MP for North Durham, Kevan Jones.

Angel of the North (image credit: Christine Matthews)

Virgin Money has announced plans to invest £1m in the North East after its offer to part-fund the Northern Rock Foundation fell through yesterday.

Northern Rock Foundation says closure is now 'likely' after Virgin Money offer falls through

The Northern Rock Foundation is preparing to wind up after an offer of funding from Virgin Money fell through because the charity cannot raise the £3m-a-year match funding that offer needs.

UK Community Foundations wants government to discourage new private trusts

Umbrella body UK Community Foundations has recommended tougher restrictions on private trusts in order to improve effectiveness, in its ‘philanthropy manifesto’ for the general election.

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