Charity Commission Updates Investment Guidance
Date added: 07 Nov 2011
The Charity Commission has published an update to CC14, its guidance on "Charities and Investment Matters".
The replacement to the Commission's previous advice emphasises that it is up to trustees to decide on the most appropriate strategy for their charity's investment, while describing the legal duties and principles that apply, and the risks that must be addressed.
The new guidance confirms that charities can invest ethically and/or sustainably for a financial return and/or to achieve their charitable aims, but it stresses that trustees must be clear about their motive in making an investment and must be able to justify that they are using their charity's resources in its best interests.
For more information about the guidance please visit the Charity Commission's website.