Many charities in Northern Ireland have found that the buying power of the income they receive from investments has fallen steadily over recent years. Although Trustees are now given wider powers to invest, some charities have insufficient capital to allow them to maintain their income, while others wish to avoid the often complicated process of investing their funds to generate additional capital or income.
This is where the Northern Ireland Central Investment Fund for Charities can assist.
Established in 1965 through the Charities Act (Northern Ireland) 1964, the Fund aims to provide Trustees with the opportunity to invest all or part of their funds with the benefit of expert supervision.
It is managed by the Department for Social Development through recognised fund managers, but its investment policy is guided by a locally based Advisory Committee appointed by the Department, which meets in February, May, August and November each year.
For more information on the Northern Ireland Central Investment Fund for Charities click here.