The City of London Corporation is conducting a review of its charity governance for eight open spaces, including the Heath, aiming for financial independence. Leaked reports suggest that plans may include ticketed events and increased fee structures. Aiming to improve funding models, the review focuses on managing assets more effectively and changing the public identity of the charities to attract donations. The transition to a new grant funding model has already begun for some charities, with further changes expected next April.
The City of London Corporation is reassessing its charity governance for open spaces to improve financial independence and attract more donor support.
The review aims to strengthen funding models by transitioning charities to a grant funding system, enhancing public identity while ensuring sustainable income generation.
#city-of-london-corporation #charity-governance #financial-independence #funding-models #open-spaces
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