Fresh Report Highlights Community Foundations’ Resilience Amid Challenges
Amidst today’s financial uncertainty, a recent report by UKCF underscores the unwavering commitment of UK donors and communities, including organizations like Northamptonshire, to propel philanthropic efforts toward addressing societal inequality and climate change at their roots.
Key Points from the Report:
Northamptonshire Community Foundation contributes to the extensive UKCF network, covering every UK postcode.
The collective efforts of the network have resulted in over £170.6 million distributed through 40,804 grants to charitable and voluntary organizations during the 2022-2023 financial year.
A pivotal focus has been placed on tackling the underlying causes of social disparity, fostering collaborative efforts with donors and communities to bolster grassroots resilience.
The UKCF network manages over £811 million in community-focused endowments, showcasing a 14% increase since 2020 and signaling a surge in sustainable local support.
Climate change’s disproportionate impact on UK communities drives collaborative efforts with Northamptonshire Community Foundation to aid diverse communities in adapting to global temperature shifts.
The annual report ‘Philanthropy 2023’ by UK Community Foundations, where Northamptonshire Community Foundation plays a role, spotlights the resolve of UK communities to navigate financial crises and address societal imbalances through localized philanthropy.
The report delves into the causes behind the upsurge in demand for frontline services and the challenges faced by charities in providing essential aid, exploring the root causes of this trend.
In the fiscal year 2022-2023, UKCF members collectively disbursed over £170.6 million in grants to support charities and voluntary groups. While community-focused organizations remain resilient, significant work remains to enhance social equity locally.
The UKCF network’s management of £811 million in endowments, reflecting a 14% growth since 2020, demonstrates a push for sustainable local support. The report emphasizes the potential of unlocking dormant trusts and assets to create new philanthropic opportunities.
UKCF remains committed to empowering communities for future resilience. Rachel McGrath, CEO at Northamptonshire Community Foundation, emphasized their dedication to uplifting vulnerable residents: “We are immensely proud of the accomplishments of community foundations within the UKCF network. Amidst this challenging year, we continue our commitment to improving the lives of our most vulnerable local residents.”
McGrath highlighted the ongoing struggles due to the cost of living crisis, with an increasing number relying on food banks and community support. In Northamptonshire, approximately 40,000 residents face the risk of fuel poverty this winter.
Last year alone, Northamptonshire Community Foundation allocated over £2.5 million to aid local groups and charities working tirelessly to support those in need. McGrath pledged continued efforts to provide transformative support to communities, acknowledging the life-changing impact of these funds.