29 Oct 2013
Matthew Bowcock was chair of the national Community Foundation Network, a post he took up in November 2008. He stepped down at the end of his two terms in 2013.
A serial entrepreneur, Bowcock has founded technology companies in Australia, the US and the UK. In 2000, he established the Hazelhurst Trust, and later became a trustee of the Surrey Community Foundation.
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Community Foundation Network, which connects individuals and organisations with local communities, has changed its name to UK Community Foundations with immediate effect.
Philanthropy has an important role filling the gap between the public and private sectors but needs to “grasp the opportunities” and also address criticism, Sir Stuart Etherington said last night.
The sector would be naïve to assume that the government will not revisit the prospect of limiting tax relief on charitable giving just because the Chancellor u-turned on the latest proposal, the chair of Community Foundation Networks has warned.
The prospect of a curb on tax relief for major donations is consigned to history for now, but the sector should not assume it has disappeared forever, says Matthew Bowcock.
If the objective is to ensure wealthy people pay some tax, then why not introduce a minimum tax contribution before reliefs apply, rather than capping the tax relief. Would that work?
The Institute of Fundraising is giving charities the chance to pitch for up to £5,000 of funding at a Dragon's Den-style event at its National Convention in July.
Community Foundation Network chair Matthew Bowcock has admitted that his estimate of £1bn for how much the tax relief cap will cost charities, is based on a “very simple, high-level analysis, because we don’t have the details we need”.
The Community Foundation Network has produced figures suggesting that the tax relief cap will cost charities £1bn while only producing additional tax receipts for the government of £200m.
The government has said it will shortly issue a clarification note on the tax relief cap announced in the Budget and has also promised a full consultation on the policy.