Acevo is taking over the ImpACT Coalition from the Institute of Fundraising after its decision to reduce the coalition’s annual £50,000 grant.

Soon after the Institute’s announcement sector organisations offered support to ImpACT, which stands for Improving Accountability, Clarity and Transparency, with Charities Aid Foundation giving £15,000 and the Charity Finance Directors’ Group and Public Fundraising Regulatory Association each providing £5,000.

Now Acevo has stepped in to take over the coalition, which was originally formed to establish a better understanding of how charities work.

Details of the transfer, which should happen this month or in early June, are yet to be finalised and a consultation process has been started to establish the future of the organisation.

ImpACT’s director Richard Marsh (pictured) will step down from his position at the end of April.

Seb Elsworth, head of strategy at Acevo, said: “The ImpACT agenda is very important for Acevo and the logic of us playing a leadership role in getting chief executives engaged became very clear throughout the discussions. This is a real case of working in partnership with the Institute and with the Coalition members.

“We are still finalising the details of the transfer but in the meantime we will be actively seeking the views of the steering group and the members around how to effect a real change in the transparency and accountability of charities so that we continue to benefit from the public’s trust and confidence. Once we have this feedback we will then look at the resources necessary to support the coalition and we are committed to its sustainability.”