The lexicon of philanthropy expands daily as the spectrum of giving broadens. Our A-Z of specialst terms aims to keep you abreast of developments in the language of philanthropy to aid your understanding.
Holdings of economic value by a foundation or charity – such as cash, stocks, bonds, buildings or other property, and accounts receivable. Generally foundations invest their assets and use the income generated to make grants.
Investing in the core costs of an organisation, such as its operational capacity and long-term sustainability, rather than supporting specific projects. See core costs.
All tangible assets which cannot easily be converted into cash. These are usually held for a long period, such as real estate, equipment, and other physical property. Charity law in England and Wales requires capital to be invested or retained and used for the charity’s purposes. Capital may be permanent endowment or expendable endowment. See assets.
A trust is an arrangement whereby a person or persons (the trustees) is made the nominal owner of property for the benefit of another person or group of people (the beneficiaries). Where the trust is charitable, the beneficiaries are not named and the purposes are public. The trust deed will specify either a wide group of people, any of whom can benefit, or a charitable purpose. See foundation.
A grant-making charity established to strengthen local communities, creating opportunities and tackling issues of disadvantage and exclusion. They provide products and services for individual and corporate donors. See chapter in A Guide to Giving. (Community Foundation Network definition)
CITR offers a tax incentive to investors in accredited community development finance institutions (CDFIs). The tax incentive is available to individuals and companies. It comes in the form of a tax relief, which reduces the investor's income tax (or corporation tax) liability. See CDFI and chapter in A Guide to Giving.
