Community Investment Funds (CIF)

Lincolnshire Community Foundation proudly manages seven Community Investment Fund (CIF) schemes across Greater Lincolnshire. Over the years, these CIF schemes have championed impactful, community-focused projects that bring people together, create new facilities, and empower local organisations to continue their valuable work within our communities.

Supporting community projects through dedicated local funding

As a trusted partner with deep expertise in administering CIF funds, we are often approached by wind and solar farm developers seeking assistance in setting up funds that directly address local needs. These funds focus on critical areas such as:

  • Enhancing Community Facilities
  • Reducing Loneliness and Social Isolation
  • Supporting Youth Engagement Initiatives
  • Promoting Environmental Sustainability, including biodiversity conservation, renewable energy projects, and environmental education

Developers value our impartial approach, our strong track record, and the transparent, fair processes we’ve established to manage and distribute funds effectively. We ensure that every CIF fund is managed with integrity, with the local community’s best interests at heart.

Empowering Communities through Resident-Led Grant Panels

To guarantee that CIF funds are allocated to meaningful projects, we recruit, train, and support local grant panels. These panels, made up of dedicated resident volunteers, are integral to the decision-making process. Panellists bring invaluable local knowledge and insights, allowing them to make well-informed recommendations about how CIF funding is distributed.

This community-driven model ensures that funds are targeted to make a real, positive impact, aligning with the needs and priorities of each community.

For more information on our CIF schemes or how to establish a Community Investment Fund, please contact us. Together, we can create lasting benefits for the communities we serve.

Tax-efficient giving tips

By making a Gift Aid donation, charities can receive extra funds without any additional cost to you as a UK taxpayer. The donation is treated as if basic rate income tax had already been deducted, allowing the charity to reclaim that tax from HM Revenue & Customs (HMRC). For example, a donation of £10,000 with Gift Aid allows the charity to claim an additional £2,500, meaning the charity receives £12,500 in total.

Higher rate taxpayers can claim back the difference between the higher rates of tax (40% or 45%) and the basic rate (20%) on the total donation value. For example, a 40% taxpayer donating £10,000 can reclaim £2,500, meaning the net cost to the donor is £7,500, while the charity still receives £12,500.

If you complete a Self-Assessment tax return and are due a repayment from HM Revenue & Customs (HMRC), you can choose to donate some or all of that refund directly to charity through the SA Donate scheme. This allows taxpayers to support charitable causes as part of the tax return process. The donation is made from the repayment owed to you, making it a simple and tax-efficient way to give while completing your annual tax return.

Contributions to charity through Payroll Giving can be made in any amount and are taken directly from your salary before tax is deducted. Because donations are made from your gross pay, the amount of tax you pay is reduced. This provides a simple and tax-efficient way to give regularly through your employment.

Leaving a gift to charity in your will can reduce the Inheritance Tax due on your estate. You can choose to leave a fixed amount, a specific item such as shares or property, or a portion of your estate to support causes that matter to you.

Tax relief is available when donating certain shares, securities, or investments to charity. When qualifying investments are given to a UK charity, donors may receive income tax relief on the value of the donation, and capital gains tax may also be avoided, making this a highly tax-efficient way to give.

Donations made by a limited company to charity can be deducted from the company’s total profits before Corporation Tax is calculated. This means businesses can support charitable causes while benefiting from tax relief. However, corporate donations are not eligible for Gift Aid.

Companies may also receive Corporation Tax relief when donating land, buildings, or qualifying shares to charity, or when selling them to a charity for less than their market value. This can provide a tax-efficient way for businesses to support charitable causes while making use of company assets.

Contact us

For more information on our CIF schemes or how to establish a Community Investment Fund, please contact us. Together, we can create lasting benefits for the communities we serve.