The Mansfield Building Society

Mansfield Building Society Charitable Trust

The Mansfield Building Society Charitable Trust was established in 2015 exclusively for the benefit of registered charities in our core operating territory of Nottinghamshire, Derbyshire and South Yorkshire. 

The Charitable Trust is independent of the Society and its policies, direction and donations are determined by a board of trustees which comprises three independent members and two Society employees. The trustees consider applications from sustainable charitable causes that benefit the local community. 

As well as working in the local area, the Trust’s objective is to create a legacy of giving to support projects with enduring benefit which:

  • support the disadvantaged (e.g. young, elderly, disabled or the homeless)
  • promote and encourage sporting activity
  • support education and/or development
  • benefit the environment (e.g. conservation)

 

The Trust will not normally sponsor individuals, party political activities, promotion of religious causes, animal charities or commercial enterprises.

During 2015, the Society gifted an initial £50,000 to the Trust with the intention that further contributions will be added in future years and in 2016, a further donation of £25,000 was made.

In 2017 the Society launched a range of Community Saver Accounts linked to the Charitable Trust. Every year, the Society will contribute to the Charitable Trust based on balances held in the Community Saver account range. 

So, in addition to the interest paid to savers, a donation equivalent to 0.1% of the average total balances invested in all Community Saver accounts will be donated by the Society to the Charitable Trust each year.

In March 2017, the Trust made its first award of £10,000 to the Inspire and Achieve foundation to help fund the launch of the Prince’s Trust Team Programme for unemployed 16-25 year olds in Nottinghamshire.

Additionally, the Society operates its Community Support Scheme, which supports community groups, charities and other deserving causes with financial awards typically between £100 and £500. The Society makes total Community Support Scheme awards of about £20,000 each year.

 

How to apply

If you currently work or volunteer for a registered charity in Nottinghamshire, Derbyshire or South Yorkshire, please email us at community@mansfieldbs.co.uk in the first instance with details of your charity and the project you’d like us to support, and we'll let you know how to apply.

The Mansfield Building Society Charitable Trust was established in 2015 exclusively for the benefit of registered charities in our core operating territory of Nottinghamshire, Derbyshire and South Yorkshire.

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Date printed: 28 June, 2017 12:13


The Mansfield Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reference number 206049.
Member of the Building Societies Association.