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Regent Capital supports Prism the Gift Fund

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Regent Capital is supporting Prism the Gift Fund (‘Prism’), which has joined forces with Big Issue Invest (BII) to set up a pioneering initiative called The Big Issue Social Enterprise Investment Appeal.

 

This unique collaboration enables donors to claim tax relief on their charitable donations, support innovative businesses that will have a positive social impact, PLUS any returns generated can be onward gifted to other charities all over the world.

‘Prism is thrilled to be working with the Big Issue Invest on such an innovative project. We are excited by the idea of opening up the Social Investment market to more donors.’ says Anna Josse, of Prism the Gift Fund.

Prism administers charitable donations from individuals and foundations. Donations will be pooled into Prism, Gift Aid applied, thus increasing contributions by 25%. Prism will then make one collective investment into the Big Issue Social Enterprise Investment Fund LP (the ‘Fund’), alongside other Limited Partners (both corporate and UHNW individuals).

Additionally, higher rate tax payers can claim 30% tax relief on the total gift aided donation (i.e. original donation + gift aid) from HMRC.

‘The Big Issue Social Enterprise Investment Appeal offers a pioneering opportunity for people to make a donation to fund social enterprises that are finding business-like and sustainable solutions that seek to prevent and dismantle poverty," says Nigel Kershaw of Big Issue Invest.

The fund invests in social enterprises that can demonstrate a profitable business model, forecast high value social or environmental returns, and have a strong management team with a proven track record. The Fund is targeting a potential return of 5% pa (from year 4 onwards) which will be fed back through Prism into each donors ‘Prism account’, ready to be onward gifted to other charities worldwide.

‘There is a consistent desire from the HNW arena to support UK based projects. Clients are becoming more discerning as to where their money is gifted. We are proud to support this collaboration; maximising financial support, whilst targeting specific initiatives, to augment social change," says Sarah Lucas of Regent Capital.

This initiative unites the best of the private sector, with social enterprises, to maximise social impact. Social enterprises are surplus-generating businesses that put social impact at the heart of what they achieve. Examples include The Big Issue, the Fifteen Foundation, the Eden Project, and Café Direct.

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