Transfer Capital from Other Charitable Trusts
Trustees of an existing charitable trust may wish to consider transferring the capital, or part of it, to South Yorkshire Community Foundation. Trustees can remain involved as an advisory panel if they wish, whilst South Yorkshire Community Foundation takes on the administration, investment of funds and compliance with charity law. Charitable Trusts that transfer to us gain all the benefits of holding a named fund at the Foundation without the responsibility of administering it themselves.
If the charity you are involved in is winding down, and you have assets that remain, you can transfer any money or property (if it has a positive asset value) to us and we will ensure that the money is used in line with the original charities objects, subject to Charity Commission approval. Please look at your constitution, as you will need a dissolution clause to enable us to work with you.
For further information please contact Maria on 0114 2424857 for a confidential discussion.