A Coventry charity is celebrating an extra-special Christmas present after receiving £4 million from an anonymous donor that will make a huge difference for homeless people in the region.
Heart of England Community Foundation is sending out a heartfelt thank you after being given the seven-figure sum which will be used to support vulnerable people.
While opting to remain anonymous, the donor has requested that the funds are used to create new or upgrade existing accommodation for homeless and vulnerable people.
The Foundation, a specialist grant-making charity which awards funding to projects across the West Midlands, will use the donation to support three major initiatives in the new year, each with a value of around £1 million.
The other £1 million will be added to the Foundation’s endowment fund, which is invested to guarantee a legacy of giving for communities in years to come.
The application process will launch in 2018 and will be open to local, not-for-profit organisations with an annual income of less than £15 million. They will be invited to submit their proposals to deliver housing solutions for the most vulnerable in society.
Tina Costello, CEO of the Foundation, said: “This is an incredible gift to receive just before Christmas and is a huge investment into the third sector locally.
“There is a real need for good-quality, accessible accommodation for vulnerable people in the West Midlands so we are delighted to be launching a programme of this kind.
“Next year we will be seeking applications from organisations to help us deliver this project effectively.
“This could be supporting people who are homeless or at risk of homelessness, women and children leaving abusive situations and in need of refuge or people with disabilities who need specialist accommodation.
“This is an incredible and unique opportunity for voluntary sector organisations in this region and will provide support for many vulnerable people locally for years to come.”
Further information about Heart of England Community Foundation is available by visiting http://www.heartofenglandcf.co.uk/