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| Norfolk Community Foundation
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Welcome to our first newsletter of 2009!
This month we're introducing our new Chairman, Theodore Agnew, who joined us in December.
We have news of the latest challenge we've taken on and great news about our Norfolk 100 campaign.
We also have reassurance for you that the funds you have all donated are being carefully protected in the current economic climate.
We value your continued support and wish you all a happy New Year - and some relief from the doom and gloom that ended last year!
Best wishes
Kate Kingdon
Director
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| Introducing our new Chairman |
 We are delighted to welcome our new Chairman, Theodore Agnew, who has taken over from the Rt Revd Graham James, Bishop of Norwich.
Mr Agnew (pictured) is chief executive of Jubilee Managing Agency Ltd, a Lloyds Insurance business, and founded Somerton Capital.
He also founded Town and Country Assistance in 1989 and was a co-founder of WNS Global Services, an Indian-based outsourcing specialist employing 17,000 people.
He has been a trustee of NCF since 2006 and, on taking over the chairmanship, said: "A great team is in place and the foundation has grown into a very strong county resource over the past four years.
It has attracted, managed and distributed funding very effectively to help community groups in need in the county and I am looking forward to building on its existing success even further."
He is also a trustee of Policy Exchange, a Westminster based think tank, and a founder of the Public Interest Foundation, a charity focusing in education in the UK and India. |
| We now have two Patrons |
 Bishop Graham, (pictured left) who was instrumental in setting up NCF in 2004, is  not leaving us!
He will now become joint Patron with Richard Jewson, HM Lord Lieutenant of Norfolk (pictured right).
Bishop Graham says: "I will continue to support the foundation enthusiastically as joint Patron. "The chairmanship will be in a very safe pair of hands with Theodore. It has been a pleasure to be part of the developmnent of the foundation and I hope he enjoys his role as much as I have." |
| Managing money in uncertain times |
We are able to nearly double the value of your donations given to us up to March 31, 2011, through the Grassroots Programme. This is an unprecedented capital growth - immediately!!
Where does all the money go?
Anyone who makes donations to charities will, quite rightly, want to know how and where their money is invested especially in this difficult economic climate.
NCF has always adopted a cautious approach to the investment of our endowment funds and, unlike some charities, we have not seen our investments fall in value.
Our portfolio of over £1m is currently managed by Barclays Wealth and includes a capital protected scheme as well cash based deposits in a spread of banks and building societies.
We take advantage of short term fixed rates or move our money around to ensure the best possible returns, reviewing our investment policy on a three monthly basis.
Our main objective is to maintain the value of our funds. Our longer term aim is to provide capital growth while at the same time producing income to fund our grants programme
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| Grassroots - our new challenge! |
In December we celebrated the success of NCF at a glittering champagne reception in the ballroom at Sandringham, hosted by HRH The Prince of Wales, for supporters and beneficiaries of Norfolk Community Foundation
At the reception our outgoing Chairman, the Bishop of Norwich, launched Norfolk's Grassroots Endowment Challenge for 2009.
We have been awarded the Government's Grassroots Programme to distribute £1.1 million in grants before March 2011.
If we can also raise £1.6 million in new endowment before March 2011 the Government will give us another £0.8 million!
Through this scheme, administered by Norfolk Community Foundation, all new donations, however big or small, will be doubled by the Treasury through matching of £1,000 for every £2,000 donated, and where eligible the gift aid can be matched too; companies and higher rate tax payers can then reclaim a minimum of 20% of their donation back through their tax return.
Through this challenge you, as a higher rate tax payer, can establish a £25,000 named fund to support the issues and communities in Norfolk you care about most, for just £9,750.
 To see how this works in detail take a look at the "endowment challenge overview" under Grassroots on our website
To find our more contact Kate Kingdon on 01603 623 958 or e mail katekingdon@norfolkfoundation.com
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| We did it! |
We aimed to recruit 100 people to join the Norfolk 100 scheme within a year of its launch and we are very pleased to tell you we succeeded!!
The campaign's target was to bring together 100 leaders and opinion formers who care about Norfolk to join us in making a difference.
We asked individuals to make an annual donation of £1,000 for a minimum of three years of which half would be used immediately to support local needs and half would be invested in perpetuity so that the income could be used to continue our grant awards to Norfolk groups in need.
An added bonus is that through the Grassroots Endowment Challenge for every £500 of yours that's invested we can draw down an extra £250.
This also applies to any new donations up to March 31, 2011 - so you can still join the Norfolk 100 and make it grow!
Already more than £57,000 has been awarded on behalf of the Norfolk 100.
Who are the Norfolk 100? See our website for a full list. | |
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| NCF - making a difference |
Norfolk Community Foundation helps to build stronger communities by encouraging local giving. We offer a cost effective way for donors to make a long term difference to the causes that matter to them most. Through understanding local issues, we make perceptive well targeted grants that secure the future for generations to come.
For more information visit our website:
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We'll be bringing you news of another project you've helped us to support plus any new developments in our next issue
Meantime if you have any comments or suggestions do let us know
You can contact us at
Sincerely,
Kate Kingdon
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