FOLD New five year strategy Our vision for the next five years - working together to ensure our communities thrive. Our values Staff and trustees agreed these values together, and we embed them in everything we do. Every organisation needs to take time out and assess its aims, purpose and values. To confirm its why and how it is going to achieve it. Working with over 200 stakeholders - trustees, staff, fundholders, members, funded groups and other supporters - and drawing on almost 25 years of experience, an ambitious new strategy for the next five years was published this year. The full strategy can be found here. The Foundation exists to bring people together to use their expertise, time and donations to improve the lives of Cumbrians and to make our communities stronger. We aim to create positive and lasting change in our communities through our grant making. The more supporters and philanthropists we attract and inspire, the more funds we have available for distribution, and the more grants and programmes we can deliver. Over the next five years, we will be shouting loudly about what we do and how people can get involved. We aim to grow the endowment that underpins our grant making to at least £40 million as well as working with people who want to make a more immediate impact by spending their donations in the year in which they donate. Cumbria has a vibrant third sector. Over 6,000 charities and community groups work hard to address issues such as inequality, rural isolation, lack of opportunity, poor mental health and poverty - in some areas of Cumbria, 1 in 10 households live on less than £10,000 per year. Those charities and community groups need financial support to provide their services. That support needs to be consistent and reliable for them to provide solutions for the long term. We plan to help them by increasing the number of larger and longer-term grants we make. By 2028 we aim for our annual grant making to be at least £6 million. Our unrivalled knowledge and commitment will underpin the work we do. We are determined to expand our efforts to ensure that Cumbria is a place where needs are met, and everyone can reach their potential. It’s an ambitious plan, but we are up for the challenge! We work with integrity and transparency We listen, learn, and respond We empower people through sharing knowledge and expertise We reflect our communities’ interests in all our work We are ambitious, dynamic and effective We are passionate about creating positive and sustained change in our communities We are a good and rewarding place to work and volunteer We embrace equity and diversity and treat everyone fairly Growing Local Philanthropy 4 5
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