Colyer-Fergusson Million Pound Match Challenge

1st February 2018

To celebrate its 50 years of philanthropy in Kent, the Colyer-Fergusson Charitable Trust is launching an exciting partnership with Kent Community Foundation to encourage local philanthropy and build a legacy for young people with poverty of opportunity in Kent.

The Colyer-Fergusson Million Pound Match Challenge will add £1 for every £1 donated to an endowment fund at Kent Community Foundation. The funds will be invested in perpetuity and the income gained every year will be used for charitable grant making for the benefit of disadvantaged young people in Kent.

Sir James Colyer-Fergusson was a generous philanthropist during his lifetime. By the time he died in 2004 he had created a lasting legacy for Kent in the Colyer-Fergusson Charitable Trust. For nearly 50 years, the staff and Trustees have been working to make Sir James’ vision a reality, supporting hundreds of projects to improve the lives of local people, most recently supporting disadvantaged and vulnerable young people across Kent. Now, they plan to celebrate the Trust’s first 50 years by incentivising other philanthropists in Kent to follow in Sir James’ footsteps by establishing their own charitable funds with Kent Community Foundation.

Josephine McCartney, Chief Executive of Kent Community Foundation said:  “We are delighted that the Colyer-Fergusson Charitable Trust trustees have made a decision to invest their funds in this way.  Match challenges are extremely effective in encouraging donors to set up local funds to support their own communities.  We have successfully managed two match fund challenges in the past, which increased the value of the Foundation’s endowment and introduced new donors who have ensured funding continues to be distributed to smaller, mainly volunteer led groups here in our County.  We are certain that this match will be a huge incentive to those who want to set up their funds to support local causes and be a fantastic resource and future legacy for disadvantaged young people in Kent."

Nicholas Fisher, Chairman of the Colyer-Fergusson Charitable Trust said: “We are delighted to be celebrating the 50th Anniversary of the Colyer-Fergusson Charitable Trust in this way. Sir James would be pleased to know that his legacy is helping to encourage other local people to give back to the county he himself loved so much. Disadvantaged and vulnerable young people in Kent face enormous challenges; the recession has impacted on every community across the county, but none more so than Kent’s young people who have suffered disproportionately from a lack of employment opportunities.”

An illustration of how the match will work:

Donation: £100,000

Match-funding: £100,000

Gift aid reclaimed: £25,000

Less KCF set-up contribution: -£2,500

New endowment fund: £222,500

For more information about the Colyer-Fergusson Million Pound Match Challenge please contact Josephine McCartney via josephine@kentcf.org.uk or 01303 814 500