19th Feb 18 Chloe Green
CharityGiving to begin paying back charities
The Dove Trust, which owns the suspended online donations platform CharityGiving, has said that it is ‘hopeful’ it could begin to pay back money it owes to charities by the end of September or early October.
Last month the High Court ruled that available funds should be distributed to charities affected. The judge stated that the charity’s bank account had only £709,529 and that the 1,812 charities and good causes, which are owed a total of £1.7m by the charity, will receive about 33p for every pound they are owed.
A statement posted on CharityGiving on Thursday claimed that Dove Trust’s interim manager, Pesh Framjee is writing to donors and creators of fundraising pages in cases where the intended recipient of the donation was not clear to ascertain where the money should be sent. These people are aske d to contact him to nominate a UK registered charity by 24th September.
The statement also says that charities who are owed money have already been contacted.
The statement explains:
“The Interim Manager will be working to complete other checks and calculations during this period, and is therefore hopeful that the first distributions will be made in late September or early October to beneficiaries where all the necessary information is available.
“The Interim Manager will be in touch with Beneficiaries when the distributions are ready to be made.”