Agenda item

Report of the Chief Funding Director

The Committee considered a report of the Chief Funding Director providing an

update on key areas of activity and outlining upcoming activities. The Chief

Funding Director introduced the report and drew Members’ attention to the key

points, first advising that the charity’s launch of the new working name and brand had been successful, being well-received by the funding sector and enabling better understanding and a clearer narrative for the charity as a funder.

Social Investments

The Committee noted that a Social Investment Policy for the charity was agreed at the October meeting of the CBF Investment Committee, with the first investment recommendation to be considered by the Committee later on the agenda. In response to a question from a Member, the Chief Funding Director advised that with the recruitment of a Social Investment Analyst, training would be provided to the Funding team for assessing opportunities for social investment amongst the charity’s funded organisations and the wider sector.

Corporate Volunteering

The Managing Director of CBF advised that discussions were underway with corporate HR regarding the now-vacant Corporate Volunteering Manager post, and that it was hoped to build on the Philanthropy Director’s foundational work in this area.

RESOLVED – That the Funding Committee of the City Bridge Foundation Board, in discharge of functions for the City Corporation as Trustee of City Bridge Foundation and solely in the charity’s best interests, note the contents of the report.