Bank problems may hit charitable giving

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Tagged with: Finance Giving/Philanthropy Ireland The demise of Anglo Irish Bank in Ireland and its take over by the Irish state may have a direct impact on charitable giving some charities fear.Anglo Irish was known to be very generous to charity, giving a percentage of its profits each year. As the Anglo’s profits grew so too did its donations which sometimes reached €500,000 to individual charities in the social welfare field.It is unlikely that Anglo will maintain its level of giving. Moreover, as other banks continue to need large tax payer support to survive it may have an impact on their ability to give to charity at the same level in the years ahead.However, the example of Northern Rock may give some cause for optimism. Northern Rock Foundation, the single biggest charitable group offering grants in the North-east of England, had initially feared its projects would be ended by the collapse of the mortgage bank in 2007. But Alastair Balls, the charity’s chairman, was able to increase his grants budget for 2008 from £7m to £11m, following pledges made during the nationalisation process.Until the end of 2007, Northern Rock set aside 5 per cent of its profits each year to fund the foundation. The collapse of the bank prompted Mr Balls to cut the charity’s grants budget for 2008 to just £7m, but provisions in the legislation paving the way for the nationalisation of Northern Rock commit it to funding the foundation to the tune of at least £15m a year until 2010.  51 total views,  1 views today Bank problems may hit charitable giving Advertisement  52 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 30 January 2009 | Newslast_img read more

Late Fashikun Laid to Rest at Obbo Aiyegunle

first_imgOlajide Ayodeji Fashikun In his sermon during the burial attended by family, retired and active athletes as well as his colleagues in the pen profession from far and near, the officiating minister, Most Apostle Prophet Johnson Ahmed Musa of Cherubim and Seraphim Church, Obbo-Aiyegunle said that despite his untimely death, he lived a fulfilled and impactful life worthy of been emulated.While praying God to grant the family the fortitude to bear the loss, he charged the children to imbibe and sustain the legacies of the deceased, whom he said, touched the lives of many people, going by the testimonies given.The state government, represented by the Director of Sports, Mallam Tunde Kazeem, while condoling the family, described late Fashikun as an administrator who lived an exemplary life.Equally, Ondo State government, represented by the state’s Commissioner for Sports, Saka Yusuf Ogunleye, while praising the late Fashikun for his efforts at developing sports and youths, supported the family with cash donations, promising more support for the family.National President of SWAN, Mr. Honour Sirawoo represented by a National Officer of the Association Alloy Chukwuemeka, described the deceased as a courageous, workaholic and a freedom fighter, who always stood by truth and justice.FCT SWAN Chairman, Mr Chidoka Ndubueze Okwuchukwu, said the late Fashikun was a strong member of the association who was not only very active but made impact on members.Late Fashikun’s partner in the Nigeria Sports Development project, Mary Onyali, an Olympian said that late Fashikun brought her back home from the US to start the project 12 years ago, and vowed to fulfill the dream, despite his death.She also announced the bid by the Athletics Federation of Nigeria (AFN), to give university scholarship to Femi, the 17-year old son of the deceased, even as she pledged her support for the other children.Late Fashikun was survived by an aged mother, wife and four children..Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Hammed Shittu in IloriinThe remains of the late former Chairman of Kwara State Sports Writers Association of Nigeria( SWAN), Mr. Olajide Ayodeji Fashikun was Wednesday committed to mother earth in his country home, Obbo-Aiyegunle, in Ekiti Local Government Area of Kwara State.Fashikun, who was until his demise, a former Sports Correspondent of THISDAY Newspaper and Managing Editor of Going news, an online news outfit. He died in the early hours of Sunday, at the Federal Medical Centre, in Utako, Abuja, at the age of 54 years.last_img read more