Social Finance

Charities and Investment Matters: A guide for trustees (CC14)

This guidance is about how to make decisions about investing charity funds. All charities are able to invest, and investments can be a major source of funding for them. However, investing also exposes charities to risks which, if not properly managed, can affect not just the charity itself but the public's trust and confidence in the sector more generally. Because of this, it's important that charities manage these risks and operate within the law. As the regulator of charities in England and Wales, we have produced this guidance to support charities and their trustees in confidently making decisions about investments that comply with their duties.

A3 What does this guidance cover? This guidance sets out the legal and good practice framework for the investment of charity funds. It covers: financial investment - investing to produce the best financial return within the level of risk considered by the charity to be acceptable the key steps in making financial investments programme related investment - using assets to directly further the charity's aims while potentially also generating a financial return the key steps in making a programme related investment mixed motive investments - investing to both further a charity's aims and generate a financial return.