An easy to set up charitable fund for groups and individuals raising over £25,000 a year. A Collective Fund under the auspices of Prism enables you to focus on the cause whilst we provide the administration, governance and charitable expertise to support your charitable endeavours all over the world.
Prism offers a unique and flexible service to groups and individuals who are fundraising a minimum of £25,000 a year towards a specific charitable cause. The Collective Fund model is aimed at those that are starting out on their charitable journey and want to benefit from Prism’s governing structure and charitable expertise. The Collective Fund model may also appeal to overseas charities that want to broaden their UK donor base and fundraise tax effectively.
The Collective Fund model enables fundraisers to carry out their charitable activities by offering a time-efficient and cost-effective alternative to setting up a standalone charity. By setting up a Collective Fund with Prism, you become part of Prism’s charitable umbrella, which enables you to focus on fundraising and running your project. We ensure that all Collective Fund activities adhere to the increasingly complex regulatory framework. In addition to this we claim Gift Aid on your behalf, ensuring that all UK donors are giving in the most effective way.
What are the benefits?
Prism offers a bespoke, personal and swift service to all Collective Funds. Detailed below are some of the key benefits associated with setting up a Collective Fund with Prism:
Create and name your own ‘restricted fund’
Operate under Prism’s registered charity auspices
Benefit from access to a full board of Trustees
Gain transparency in your charitable activities – Prism conducts all due diligence on your behalf
Receive a dedicated account manager at Prism
Outsource all financial administration to experienced charity professionals – Prism receives and administers all income and expenditure
Receive 25% more in gift aid on all eligible donations
Save the cost of VAT on UK invoices
Provide you with the ability to fundraise online
If you think you would like to open a Collective Fund with Prism, or you would like to find out more about our services please send an email to email@example.com or call us on 020 7486 7760.
'Help Refugees' growth and achievements since 2015 would not have been possible without the guidance and support of Prism The Gift Fund. We are so grateful for the team at Prism for their hard work, professionalism and kindness. '
– Help Refugees
'The World Food Programme began working with Prism in 2015 to support the flow of donations for our high profile Tackle Hunger campaign linked to the Rugby World Cup. Prism provided a fast and flexible service which formed a key part in helping WFP to deliver a successful fundraising campaign. WFP now works with Prism on a long-term basis to enable our supporters to donate towards our work in a tax effective manner.'
– Patrick McKenna, Partnerships Manager, World Food Programme
'Since the opening of our account in 2014, PJ Library have regularly benefited from the expertise and professionalism that the Prism the Gift Fund team provides. Thank-you for your ongoing support.'
– Lauren Hamburger, Director, PJ Library UK
'Without Prism we simply wouldn't exist. There is no way we had the time, experience or resources at the beginning to setup as an independent charity and absorb donations, however being a fund under Prism meant we didn't need to get bogged down in the daunting process and were able to begin working, getting help to where it was needed most immediately. For the last 3 years we've been a fund and achieved amazing success under the guidance and support of the whole team.'
– Anna Jones, Co-founder, RefuAid
'Matrix has been working with Prism since 2017 and we have benefited from their professionalism and efficiency. Prism make the process of granting money to our chosen charities really simple and they provide peace of mind by carrying out thorough due diligence.'