Decision details

Purpose of Report: The report proposes the establishment of a philanthropic fund for the benefit of children and young people in York.

Members will be asked to transfer some existing trust funds in order to form the basis of a new fund.

In order to allow the Community Stadium recommendations to be considered at the 24 March Council meeting the March Executive meeting has been brought forward from Thursday 31 Marchto Thursday 17 March.

Resolved:  That the Executive agree:

(i)           To transfer the funds identified in paragraph 4of the report, subject to the agreement of the Charity Commission and of any  trustees external to the Council where applicable, to a new “York Children and Young People’s Fund,” to be managed by Two Ridings Community Foundation (TRCF);

(ii)          To authorise officers to enter into the necessary legal agreements with TRCF to establish the new fund.

Reason:     To create an effective fund for the benefit of children and young people in York.