Grosvenor, in partnership with The London Community Foundation, is excited to announce the launch of the ‘Living Cities Community Fund’. Founded by Grosvenor, the Fund will be managed by The London Community Foundation and will provide financial support for community projects in the southern half of Westminster.
Commenting on the launch of the Fund, Craig McWilliam, executive director for Grosvenor’s London estate, said:
“Those communities living within such a densely populated and busy city centre are often under great pressure and need additional support. There are a large number of small community organisations in southern Westminster who have limited fundraising capabilities and often go under the radar of funders and donors. In founding the Living Cities Community Fund, we hope to support more grassroots organisations on and around our London estate, helping them to access funding for more community activities. We are looking forward to working with The London Community Foundation to achieve this.”
Sonal Shah, CEO of The London Community Foundation said:
“We are delighted to launch the Living Cities Community Fund, founded by Grosvenor and managed by The London Community Foundation. The Living Cities Community Fund will support grassroots community projects primarily in the south of Westminster focussing on pathways to employment and building a sense of community cohesion. The first grants from the fund will be distributed in summer 2014 and an endowment has also been established which will provide sustainable support for the borough for years to come. The endowment has been matched by 50% from Office for Civil Society’s Community First Challenge – and we would welcome other contributions to the Fund which could also benefit from this leverage until March 2015.”
Endowment funds allow donors to support the communities and causes they care about now and for years to come, creating a legacy that reflects a long term commitment to social change. They ensure a sustainable source of funds for community organisations, which is vital in an age of uncertainty. Grosvenor has made an initial contribution to the Fund and will, alongside other stakeholders, seek to grow the Fund in the future.
This is not the first time that Grosvenor has founded an endowment fund to support the local community in the cities where we are active. Since 2009, the partners of the Liverpool ONE Foundation (contributions from Grosvenor, Liverpool ONE Estate Management Company and Westminster Foundation) have been working with their local community foundation to demonstrate a strategic, long-term and sustainable commitment to the local community of Merseyside. As well as distributing significant funds to local community projects an endowment fund has also been created to ensure a sustainable form of funding. This endowment now stands at well over £1 million.
Further details on the Living Cities Community Fund and application information for organisations can be found online at www.londoncf.org.uk/grants/available-grants/westminster.aspx.
For more information contact:
Naomi Curtis/Sorrel Basher, Press Office
020 7312 6479/6101
Naomi Howgate, The London Community Foundation: Naomi@londoncf.org.uk
Notes to Editors
Grosvenor Britain & Ireland
Grosvenor Britain & Ireland aims to create value through our skills in placemaking anddesign, repositioning locations in ways that change customer perceptions and deliver results for our stakeholders. The core portfolio comprises 300 acres of Mayfair and Belgravia in London, which first came into the Grosvenor family in 1677. Ownership and active management of its London estate remains at the heart of Grosvenor Britain & Ireland’s strategy. Investment assets comprise the largest part of its portfolio. Grosvenor Britain & Ireland also undertakes development across London, and in selected city centres around the UK. As at 31 December 2012, Grosvenor Britain & Ireland had assets under management of £4.8bn.
The London Community Foundation
The London Community Foundation makes a difference to the lives of Londoners by connecting people who need help with those who are willing to give. That’s what we do. We are dedicated to improving the lives of London’s most disadvantaged. Child poverty, unemployment, isolation, homelessness, domestic violence and gang crime are just some of the issues we are tackling through our grant making. With the generosity and involvement of our donors, we have invested over £40 million into more than 5,000 charitable projects across the capital since we started in 1995. www.londoncf.org.uk