Hinckley & Rugby Building Society has launched a new Community Foundation, giving local charities the opportunity to apply for grants of up to £5,000.
Working in partnership with the Leicestershire & Rutland Community Foundation, the Society’s new fund has been launched as a result of a successful financial year in 2021, presenting the Society with a greater opportunity than ever before to invest its profits back into the community.
Hinckley & Rugby Building Society’s Chief Executive, Colin Fyfe, said:
“We’re very pleased to be introducing our Community Foundation because it enables us to provide an unprecedented level of support to charities in the local communities in which the business sits. As a mutual organisation, the Society feels very strongly about encouraging projects at grassroots level and we see the launch of the Foundation as a firm statement about our commitment to the community and look forward to getting to know the charities and being a supportive partner.”
The charities which have been successful in receiving funding this year are: Leicestershire based Feed the Need Coalville, Helping Hands Community Trust and Hospice Hope, and Warwickshire based charities Nuneaton Men and Women in Sheds, Volunteer Friends and Warwickshire Wildlife Trust. The total amount received by the charities is £23,450.
The charities chosen to receive funding through the Foundation this year were voted for by Society staff. From next year, Society members will be involved in this important decision.