© Rolls-Royce plc 2004
Legal Information |
We believe community foundations are a smart way to support local communities over the long term. These independent, charitable trusts manage and award funds on behalf of individuals and companies. Endowment funds are built up and capital invested so that the interest generated can be used to award grants to community projects. As the fund grows, so does the income and, over time, the value of grants given will far exceed the initial donation.
We were introduced to the concept in the mid-1990s and now work with community foundations in the UK serving the areas around our sites in Derby, Bristol and Sunderland. The company has invested strategically in community foundations, often at critical stages in their development.
By 2005, we will have committed well over £425,000 to these local endowment funds, which will continue to grow with investment and interest.
So far Rolls-Royce funds have generated in excess of £40,000, which we’ve awarded in grants to 35 community groups.
The South Gloucestershire Senior Citizens’ Forum received a £500 grant from the Rolls-Royce Fund at the Greater Bristol Foundation in 2003.
The money will be used to hold a Senior Citizens Day, giving members access to information about issues that are important to them, including healthcare and pensions.
As a result of our support, foundations in Derbyshire and Bristol have also secured additional funding of £180,000 from other sources. |
‘Rolls-Royce has the vision and commitment to think beyond the short term and this makes a lasting difference to the health of very varied communities.’
Helen Moss, Board Member, Community Foundation Network, and Director, Greater Bristol Foundation.
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| Skills for People, based in Newcastle, works with people with disabilities to help them speak up for themselves. In 2002, they received a £2,000 grant from the Rolls-Royce Fund at the Community Foundation serving Tyne & Wear and Northumberland to replace outdated computer equipment. Staff and volunteers can now produce accessible information for the 2,500 disabled people who use their services every year. |
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