The Joseph Rowntree Charitable Trust has announced plans to significantly increase its grant spending by over £3 million a year.
The move will take the Trust’s annual grant spending from around £7 million per year, to over £10 million per year, for the next ten years.
Trustees decided to increase grant spending as part of a ten yearly review of the Joseph Rowntree Charitable Trust (JRCT), which funds those working towards a peaceful and just world.
It was decided that JRCT will work to increase the number of grants given to organisations outside London to achieve a greater geographical diversity of funding across the UK.
The Trust will also meet demand by making a number of larger, longer or core grants to charities where suitable.
Nick Perks, the Trust Secretary at JRCT, said: “We’re pleased to be able to increase our grant funding, which reaffirms our commitment to engage in philanthropy which supports people who address the root causes of conflict and injustice.
“JRCT supports organisations and individuals who are working creatively and courageously to produce positive social change through their charitable work.
“We have decided to make more grants across the UK in recognition of the importance of devolved nations and regions and that systemic change requires many voices and experiences.
“We want to be an open and responsive funder and we know that more core or unrestricted grants are what many charities want and could greatly benefit from.”
JRCT is a Quaker Trust which supports people who are working to address the root causes of conflict and injustice, to build a fairer and more peaceful world.
The Trust supports work to produce positive change through its charitable work in five areas: peace and security, rights and justice, power and accountability, sustainable future and Northern Ireland.
The decision to increase grant spending was made at the Trust’s ten year review – its ‘decennial review’ – at which trustees are required to reflect on its work and ensure opportunities for the future are explored.
The additional funding will help to meet demand following a steady rise in grant applications. The annual fixed grant spend will be uplifted each year by inflation.
JRCT is a grant making Trust which was set up in the early 1900s by the businessman, chocolate maker and philanthropist Joseph Rowntree. The Trust draws its income from a responsibly invested endowment.
Notes:
JRCT, the Joseph Rowntree Charitable Trust (www.jrct.org.uk) is an entirely separate organisation from the Joseph Rowntree Foundation (www.jrf.org.uk) and Joseph Rowntree Reform Trust (www.jrrt.org.uk).
Media contact: Kate Gradwell, communications officer, 01904 627810 kate.gradwell@jrct.org.uk or enquiries@jrct.org.uk