The Worshipful Company of Insurers Charitable Trust
Matched funding policy
Adopted by the Trustees on 6 September 2018 and updated 1 March 2021
Any member of the Worshipful Company of Insurers (WCI) may apply for matched funding for a charity that is registered with the Charities Commission or the Office of the Scottish Charities Register (OSCR). No more than one application may be made by any member in any period of two calendar years.
In order to apply, you must personally take part in an activity to raise money for a charity. The Charitable Trust will match your personal fundraising up to an amount agreed by the Trustees in relation to each application but not normally exceeding £1500. You should apply before the event but payment will not be made until you have completed the relevant activity and submitted evidence of the amount you have personally raised. Payment will be made directly to the relevant charity.
Members who are fundraising as a team may each make an application for matched funding but the overall amount granted is likely to be moderated to take account of the fact that multiple applications relate to the same event. In the case of joint fundraising that is not clearly allocated between individuals the overall amount raised will be pro-rated across all participants and matched funding will only relate to the member’s deemed contribution.
In making their decision on any application the Trustees will be influenced by the degree of personal commitment shown by the member in involvement in the relevant activity. The Trustees have the right to decline any application in their absolute discretion and may in particular do so in respect of charities that are already heavily supported by the Charitable Trust or that are engaged in political or other activities with which they would not wish to be associated.
The Trustees have an annual budget for matched funding, which is reviewed annually. Grants will be made from this budget on a first come, first served basis.
To apply for matched funding please complete the form.