Stewardship aims to triple expenditure by 2025

06 Jun 2019 News

Juliet Maggs

Christian charity Stewardship aims to more than triple the amount it pays out in grants to £220m by the end of 2025.

The charity, which helps Christian donors to give to organisations or individuals of their choice, gave out £69.9m in grants in the year to March 2018 but wants to more than triple this over the next six years.

Speaking to Charity Finance magazine, chief financial officer Juliet Maggs said the charity plans to achieve this growth primarily through an increase in giving from its account holders.

Stewardship therefore plans to launch campaigns, partnerships and interventions to inspire greater generosity from its community.

The charity will also develop a new range of philanthropy services for individuals and families wishing to give significant amounts over many years, innovative digital-giving products for the wider Christian community, and a suite of improved services to churches and other partners.

Growth since 2008

The charity has already grown by more than 50 per cent in the last 10 years alone, with its income rising from £50m to £82.5m in that time.

During this period of expansion, the charity moved to offices in Lamb’s Passage in central London in 2014.

However, having already almost reached capacity at this location, it has decided to rent more space nearby, in order to accommodate its growing team and be able to offer Christian charities the use of its meeting rooms for free.

One of the charity’s priorities as it continues expanding is to create greater synergy across different parts of the organisation.

Maggs said the charity has tried to embed a single strategy across the organisation’s 55 staff, which includes 22 in treasurer services and 15 in giving services.

She said: “Bringing a whole organisation together and making that top-down, consistent direction for your strategic plan I think is really helpful.”

Subscribers to Charity Finance magazine can read the full interview with Juliet Maggs here.

Civil Society Media's Charity Finance Week takes place in October and this year the theme is Accounts and Accountability. Find out more about the events taking place. 

 

 

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