Conservancy launches charitable trust

2016-04-19 06:00
Kloof Conservancy launches trust. Photo: supplied

Kloof Conservancy launches trust. Photo: supplied

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THE Kloof Conservancy, a key player in protecting and preserving the biodiversity in the Kloof area, launched its “charitable trust” this month.

Paolo Candotti, conservancy chairperson, said one of the biggest constraints the conservancy has is fund- raising.

“While we are a very active conservancy, the reality is that if we had more funding we could get a lot more done. Not only that but we would also have much more time to run environmental projects instead of spending time trying to raise money.

“To address this and with guidance from one of our members, David Cairns, the Kloof Conservancy Charitable Trust has been established as an independent trust, but with the sole purpose of raising funds the income from which will then be transferred to Kloof Conservancy for projects.”

The Kloof Conservancy Charitable Trust will rely on conservancy members and the public for donations or bequests. Funds raised will be invested prudently in equity markets and 70% of the income generated from investments will be transferred to the Kloof Conservancy for projects.
The actual donations and 30% of the income from investment will be retained in the trust to build a strong capital base.

Trustees of the trust are Susan Cairns, Phillida Ellis, Garth Williamson and Candotti as chairman of the Kloof Conservancy.
Cairns and Ellis have extensive experience in similar NGO trusts and bring a wealth of expertise.
Williamson is a trust administrator and has set up the trust, which complies with the relevant legislation, trust number IT001723/2015(D)
“This is a long-term project and the transfer of funds to the Kloof Conservancy will only become meaningful once the capital base is sufficiently large. This may take several years to achieve so the Kloof Conservancy Charitable Trust offers members and the public the opportunity of investing in the long-term future of our environment by donating to the trust directly or by making bequests in wills,” said Candotti.

“Should you wish to make a donation - any amount would be most welcome - deposit your donation into the conservancy account - details below - then e-mail a record of your deposit so that we can acknowledge receipt. “If you do wish to make a bequest then let us know so we can make an appropriate record of your wishes.”

Account name: Kloof Conservancy Charitable Trust

Bank: Sasfin nank

Branch code: 683000

Account number: 30000097616

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