ACF welcomes Law Commission proposals on foundation resources
The Law Commission has proposed a number of changes to help charities run more effectively. The proposals set out in Technical Issues in Charity Law, which would need to be implemented by the government, would reduce barriers to charitable activity, including increased flexibility in the use of permanent endowments. ACF is grateful to the Law Commission for their engagement in developing the proposals.
Carol Mack, ACF chief executive, said:
“We welcome these proposed changes, which will give charitable foundations greater flexibility in how they can use their resources for social good. For example, enabling foundations to borrow from their endowments for large projects and giving them greater scope to make social investments. These changes will give foundations more choices about how best to use their assets to meet current and future needs. While technical, these changes have real potential and we urge government to implement them.”