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We’ve done it! We have now raised £1/4 million.
The fund has reached this milestone in just four years, during which thousands of people have been helped, and now the aim is to double it hitting the next target of £500,000.
Money is raised through events and donations and is invested in a permanent endowment fund by the Staffordshire Community Foundation, a registered charity, on behalf of We Love Lichfield in line with charity commission guidelines.
The interest and dividends earned on the invested money is then distributed by the fund in the form of grants
This model provides a source of ongoing funding that can be used for small grants, and larger grants as the fund grows, for many years to come.
Simon Price, CEO of cutlery firm Arthur Price and patron of the We Love Lichfield fund, said: “I think it is testament to the people and companies throughout the Lichfield district that we have achieved this amazing milestone. The We Love Lichfield Donor Advisory Team has worked together with the support of lots of individuals and organisations. We will continue to give money away, but we still have the aim of managing the fund with the help of the Staffordshire Community Fund, and hope to reach our ultimate target of £500,000 by 2017 and everyone is welcome to support the We Love Lichfield Fund. If you are running a marathon or organising a duck race, why not raise money for the fund?
Only local good causes will benefit from your efforts.
Organisations helped so far include Burntwood Breast Care, a club for women diagnosed with, or recovering from, breast cancer; Friends2Friends, a social group for adults with learning difficulties; Hammerwich Cricket Club, Abacus Preschool Playgroup and Whittington Community Computer Group which teaches IT skills to older people and the disabled.
Cheque presentations are made to applicant organisations twice a year.