UK Charities to benefit from young Trustees

8th December, 2014

Close Brothers Asset Management announces national roll-out of charity Trustee Leadership Programme in partnership with Cause4

Close Brothers Asset Management (CBAM) today announces a partnership with social enterprise Cause4 to roll-out its successful charity Trustee Leadership Programme across five UK regions.

The programme, which launched in June this year, encourages more young professionals to become charity Trustees and trains them in the skills necessary to guide the strategic direction of a charity. The expansion will begin with three training cohorts in London from April 2015.

Over a million people are Trustees of charitable organisations across England and Wales, of which two-thirds are aged 50 or over and only 0.5% are aged between 18 and 24, according to research by the Charity Commission. Trustees’ Week in November this year emphasised the value of recruiting young people from diverse backgrounds into leadership roles at charitable organisations to ensure strong leadership.

The three London training cohorts will involve up to 80 people each, targeting those in the professional services professions. Programmes will also run across the South East, South West, North and the Midlands in 2015-2016.

The Close Brothers Trustee Leadership Programme offers participants a clear path to becoming a Trustee with a series of six structured sessions and the opportunity to develop their leadership skills from finance to fundraising.  Participants who attend all the sessions are matched with charities and those that commit to being a Trustee for two years are awarded the Close Brothers Trustee Fellowship.

Cause4 and Close Brothers will also launch an Emerging Chairs Programme for existing Trustees of arts and charitable organisations who have exhibited particular leadership and management skills, and who are interested in taking up the specific challenge of being a Chair of a Charity.

Penny Lovell, Head of Private Client Services, Close Brothers Asset Management and experienced Trustee (Pennies Foundation, Philharmonia Orchestra, Royal Academy of Arts, and Princes Foundation for Children and the Arts), commented: “Charities are considered an important client constituency for CBAM and the company is keen help the sector broadly. The response and enthusiasm from Close Brothers employees and clients for the first charity Trustee Leadership Programme has been tremendous. It is a fantastic opportunity for young professionals to gain valuable experience and make important strategic decisions, which helps them develop wider skills to implement in the workplace. We are excited to open up the programme for the wider charitable sector and hope that more people will be able to benefit from this excellent initiative.”

Michelle Wright, CEO of Cause4 commented: “It is more important than ever for charities to have strong and effective governance. The Trustee Leadership Programme provides charities with access to a group of committed, dynamic and enthusiastic young professionals, who are keen to take up leadership roles in the charity sector. We have been overwhelmed by demand from potential Trustees and charities in year one and this additional funding from Close Brothers is an amazing gift to the charity sector to address a key need in matching suitable Trustees with charitable causes that excite them.”

Sir Thomas Hughes-Hallett, Chair of Cause4, commented: “As well as traditional philanthropy, it is essential that companies offer their talent and expertise to charities. Having met some of the Close Brothers employees attending the Trustee Leadership Programme, I am confident that these young professionals understand the need for a human commitment to the charitable sector, alongside supporting organisations through private donations. This larger-scale programme should have a huge impact across the charity sector.”

The full press release can be viewed here

“Arts Fundraising & Philanthropy has changed the game for arts fundraising as Clore did for leadership.”

Phil Gibby, Director Arts Council England, South West