Heart of England Community Foundation has completed the takeover of South Birmingham Friends Institute Trust to provide it with a lasting legacy of supporting disadvantaged communities in the West Midlands. The transfer of assets included £1.2 million as well as five residential properties each valued at £280,000, which has been transferred into the Foundation’s endowment as a named fund. The transfer was made to overcome succession challenges for the charity’s board, with the charity requiring stewardship to enable it to continue its work providing grants that benefit communities across south…
Read MoreCommunity Foundation announces £2.6m deal to secure legacy of South Birmingham Friends Institute Trust
