Trust Transfers
Do you need to revitalise an ineffective or dormant trust? By transferring these to us, we can breathe new life into them, repackage and manage them on your behalf.
We have the expertise to support you with this process and make it as simple as possible, all provided in confidence:
- The legacy and intention of the fund is retained – we ensure it exists for what it was intended for
- Trustees who are unfamiliar with the local issues or geography often benefit from our knowledge and expert governance
- Full support and due diligence is provided, as part of our full management service, including targeted promotion of the fund
- Once the legal deed is signed, the fund moves over to us, to be managed together with input from the Fund Trustees
Examples of trust transfers:
Liverpool Ladies Institution
Henry Case, was born in 1810 in Preston and died in 1884 in Liverpool. He was so alarmed and distressed by the plight and treatment of women in the city that in his will, dated 1883, he founded the Liverpool Ladies Institution. The will states that “donations of not more than £20 a year will be made to Gentlewomen of good character who have received a liberal education and have resided for at least 7 years within 6 miles of the Liverpool Exchange, and who have fallen into distressed circumstances and require assistance either temporary or permanent”.
When Karen Morris, our Development Director, met the trustees via their account manager at Investec, they were sending cheques to a number of women in need, aged between 70 and 102. The trustees were unsure how to manage this fund going forward, as they themselves aged and became increasingly out of touch with current social needs and issues.
In 2023. the trustees transferred the management of the fund to the Community Foundation for Merseyside after thoroughly understanding and approving the future use of the funds. Henry Case is now the first endowment donor for the Merseyside Women’s Fund and the remainder of his funds will be invested and will continue to create income for the Merseyside Women’s Fund long after we are all gone. His name and legacy will live on and he will continue to support women in Merseyside as he intended all those years ago. The ladies on the list (now six of them) will continue to receive support three times a year, as long as they need it, and the balance of the fund will support the Women’s Fund.
The John Goore Fund
For nearly 350 years, the John Goore Charitable Fund has been supporting those in need in the village of Lydiate in Merseyside.
Established in 1669, four years after the Great Fire of London, John Goore bequeathed in his Will (pictured left) that £335 be invested, along with his estate, with the interest to be left to help the poor in the township of Lydiate. As the years went by, the trustees realised that the objects of the charitable fund needed to change to reflect local need at that time. By the mid-1800s it was becoming difficult to distribute funds in the area, as the number of those considered poor continued to fall. The focus of the fund then switched to education.
In 1991, the net income from the charity’s investments and real estate started to exceed the sums the trustees found themselves able to dispose of, despite exhaustive efforts on the trustees’ part. In 2009, the John Goore Charitable Fund approached the Community Foundation for Merseyside to manage the finances and to take advantage of the government’s match fund scheme.
In 2017, the trustees discussed with the Community Foundation their concerns over the lasting legacy of the fund. Knowing that it was to be left in safe hands, it was agreed that the whole John Goore estate would be transferred over to the Community Foundation for Merseyside, to have sole trust of the fund. From that one philanthropic gesture of John Goore in 1669, the resulting endowment fund now stands at well over £1m. This will continue to help those most in need in Lydiate for hundreds of years to come.
To find out how we can work together, contact:
Rae Brooke
CEO
07515 328162
rae.brooke@cflm.org.uk
Karen Morris
Deputy CEO and Development Director
07973 409858
karen.morris@cflm.org.uk
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