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INTRODUCTION
Grant making may seem an unusual topic to be discussing in relation to religious institutes but it is something that will become more and more relevant for religious institutes and their related charities as time goes by.
Many religious institute charities will not regard themselves as grant making entities at the present time but all make donations to other charities and of course many transfer funds to their own institute – either via their generalate or to other institutes and works overseas. The distinction between a grant and a donation is in many ways academic. Thus, the contents of this chapter apply to most religious institutes and their charities right now. Undoubtedly, they will become more relevant over the next decade.
Therefore, this chapter looks at the processes and systems that ought, to some extent, to be in place today in respect to transfers of funds by religious institutes to their generalate and other institutes and to other charities but which will become essential as grant giving or donation giving becomes more prevalent.
WHY WILL GRANT MAKING BECOME MORE IMPORTANT TO RELIGIOUS INSTITUTES?
Most religious institutes conduct their affairs in the UK through a charity – for many this will be a charitable trust but, as time goes by, for more and more it will be through a charitable company or a charitable incorporated organisation (CIO).
Regardless, the responsibilities of those who are trustees will be the same and may be summarised as follows:
To apply their charity’s assets for charitable purposes
To have a clearly de ned strategy for achieving the charity’s purposes
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What is the institute’s long term vision in the UK?
How do the trustees visualise the religious institute’s future ministry in the UK?
What funds will be needed to make the vision a reality?
