The City of London has a proud tradition of philanthropy dating back to the Middle Ages, led by Livery Companies and the Mayoralty. This continues today with the City Livery Companies giving over £40 million annually to good causes.
Through the WCI Charitable Trust we are able to support a wide range of worthy causes, some large and nationally well known, and many others small but doing vital work in specialist areas.
Education has been part of the core mission of the WCI’s philanthropic work from its foundation.
This is a mixture of supporting schools and organisations working in schools in the deprived boroughs that are our neighbours in the City of London and promoting quality and professionalism in the insurance sector.
The WCI has been a long-term supporter of The Brokerage Citylink and we recently celebrated ten years of this partnership.
The Charitable Trust has a special Education Fund, primarily dedicated to assisting those who wish to advance in the insurance industry, which has recently supported a variety of bodies including the Mansion House Scholarship Scheme, the Maritime and Officers Scholarship Scheme and the London Market Academy
The Charitable Trust has a separate fund whose entire focus is the making of grants to other charities, mainly small local charities where our assistance can make a significant difference to them.
The trustees have recently approved annual grants to City of London Police Widows and Orphans' Fund, Help for Heroes, Ironbridge Gorge Museums, London City Mission, Middlesex North London ACF, Mudchute Farm, Sharpshooters Yeomanry Association, The Sheriffs’ and Recorder’s Fund, St Lawrence Jewry, the United Guilds Service and the Lord Mayor’s Appeal.
The WCI Charitable Trust supports members who work with, donate to charities or raise money for them.
Members can apply for matched funding for charities they actively support both through donations and volunteering. Members are permitted one application every three years and up to a maximum of £1500 for a project or fundraising event.
The WCI wants its relationship with the good causes it supports to be about more than just money. It seeks to engage with and support organisations in a variety of ways. This can extend to volunteering, representing the WCI at events or involving the organisation in appropriate Livery events.
In many cases a WCI member offers to lead the relationship with a charity, championing them within the WCI, representing the Company at charity events and offering support and advice when required. Members can find out more about this by contacting the Clerk’s Office.