Foundation Scotland reposted this
Charity Detectives strike again... The Revitalising Trusts project, a collaboration between The Scottish Charity Regulator (OSCR) and Foundation Scotland, has so far released over £5 million of dormant funds for public benefit since the project launched in 2021. Scotland is well-known as being a nation of givers. Across generations families, individuals and businesses the length and breadth of the country have set up charitable trusts for the benefit of others. Donors often choose causes which they are connected to, are concerned or passionate about. However, for many different reasons a trust can become inactive, meaning that funds effectively lie dormant rather than delivering charitable benefit as intended. It can be difficult to recruit new trustees, find time to run the charity or as times change, it can be impossible to identify beneficiaries befitting the original deeds of the trust. The Revitalising Trusts project has to date identified over 300 inactive charitable trusts of varying sizes and purposes, with forgotten funds often lying dormant in accounts for several decades and in some cases well over a century. Read more about the crack team, tracking down Scotland's missing millions. https://lnkd.in/gx2ushca