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For more information:01752 764455 |
Aims & Objectives
Our Charitable Aims & Objectives are:
1. To establish the Drake Foundation
Full time executive team now in place – fully funded by Royal Mail. Investment worth £250k over three years.
Permanent office – based at and fully funded by Tamar Science Park, Plymouth. Investment worth £50k over three years.
Set up costs fully funded by South West Water.
Branding, website and PR support provided by Formedia.
2. To work in partnership with the Devon Community Foundation on the Grassroots programme.
Cash Donations to the Plymouth Grassroots fund will be 100% matched by the government. Gift aid also matched. A donation of £100 with gift aid is worth £256 to the fund.
Matched Funding Targets - £250,000 in donations to be raised by the end of March 2011. £50,000 target for March 2009 achieved.
The Drake Foundation & Devon Community Foundation will manage the allocation of Grassroots Grants for the Plymouth Area – grants worth £347,000 over 3 years. £100,000 in grants already allocated to worthy causes in our community.
3. To build a £5m endowment fund for the Plymouth city region
A fund built from donations. Interest used to provide grants.
Starting with the Grassroots Challenge – maximise the money that we can obtain through government matched funding.
Building on the Grassroots challenge – continue to build the Plymouth fund to achieve the £5m target.
Providing a permanent source of funds to support local charities and local community groups – now and in the future.
Recruit 10,000 Drake Foundation members from the Plymouth city region.
4. To manage effective grant giving programmes on behalf of donors
Working in partnership with community foundations, local charities and community representatives.
Real grassroots support – helping unsung heroes and smaller, less established voluntary and community groups.
Ensuring the money raised from the endowment is allocated in the best way, providing effective and long lasting support to our community.
