Cabinet Office supports two match fund initiatives
The Cabinet Office has put money behind two match funding initiatives in a bid to attract more giving both to small charities and larger ones.
The Big Give has for the first time attracted government sponsorship of its annual Big Give Christmas Challenge, with Cabinet Office stumping up £250,000 to offer as a pound-for-pound match. Meanwhile the same government office has put forward £500,000 for the Grow Your Tenner match fund being run by small charity fundraising platform, Localgiving.com.
The Big Give Challenge is now in its fifth year and, after a few teething problems which saw the site crash under the weight of visits, has raised £40m for charities. It works by having charities raise a match fund from major donors, and then on 5 December, will open up a website facility which will enable other supporters to give, knowing that their donation will be doubled as a result of the match. Last year £10m was raised within three days through 11,000 donations. Some 50 charities are due to take part this year.
On his support for this challenge, minister for civil society Nick Hurd said it was a “great” initiative. “We are proud to support them and the organisations who do such fantastic work,” he said.