Funding news

Charity Commission to authorise Wellcome Trust bond issue - Monday 3 July 2006

The Charity Commission has indicated that it is prepared to authorise the Wellcome Trust new bond issue, which could generate around £300-£500 million in additional income.

Following extensive discussions with the Wellcome Trust, the Commission reports that it is satisfied that the proposal to underwrite the bond issue from the trust's assets is "expedient in the interests of the charity" and is therefore prepared to authorise this innovative fundraising proposal.

Read the full article here: >>a href="http://www.fundraising.co.uk/news/6908 "target="_blank">http://www.fundraising.co.uk/news/6908