First time has been opened to charities
Millionaires Julia and Hans Rausing have opened a £10m fund to support charities affected by coronavirus.
It will be the first time the philanthropists’ trust will have opened for charity applications.
Charities with an annual income of less than £5m will be eligible to apply with grants expected
Grants are expected to range between £1,000 and £250,000, with the aim of supporting about 200 charities.
Since 2011, the Julia and Hans Rausing Trust has provided more than 220 grants totalling more than £200m, particularly in the areas of health and wellbeing, welfare and education, and arts and culture.
The Rausings said: “The last few months have proven very difficult for individuals and organisations across the country, and in particular for charities who have seen their regular sources of funding dry up.
“The Charity Survival Fund is designed to provide financial aid for many small and medium-sized charities that are facing financial hardship. Their work is needed now more than ever, and we hope this new fund helps bridge the financial gap until usual sources of income return to the sector.”
The deadline for applications is 27 July, with a formal announcement of successful applicants expected to be made in September.
