Charity Adoption 2020
Our mission at Prospero World is to empower positive social change through education, collaboration and action. In these unprecedented times, when it is predicted that one in ten charities will face bankruptcy by the end of 2020, our mission has never been more important. We thank you so much for continuing to support us.
We remain determined to champion the work of exceptional charities, not simply by supporting organisations responding to the immediate needs of the pandemic through our COVID 19 Emergency Response Fund, but also by championing the ongoing work of charities both nationally and internationally.
To strengthen the sector, Prospero World offers a simple solution to facilitate support to non-UK registered charities. For many, the process of registering a UK charity is daunting, time consuming, and not always feasible in terms of resources. Our Charity Adoption Programme supports charitable projects that lack the time and resources to set up and manage their own UK registered charity while allowing them to connect with their UK support base.
Our Charity Adoption Programme helps non-UK registered charities and social enterprises benefit from our charitable status and expertise. Donations can be made to Prospero in support of their work and we can increase support for the adopted charities through Gift Aid, before passing donations on to them. We are also able to receive US tax-deductible donations from US taxpaying donors, and are members of Transnational Giving Europe, enabling us to receive donations tax-efficiently from many of our European neighbours. There is no upfront expense to the adopted charity – Prospero World retains a small administration fee for donations received.
Our adoption scheme is tailor-made to enable projects to focus on the causes they care most about, without needing to worry about the administration and governance involved in running a UK registered charity.
In 2020 we are excited to expand our Charity Adoption Programme. Our Charity Adoption Programme doesn’t just enable charities to receive donations in a tax efficient manner from UK donors: it affords charities a host of additional benefits and provides UK donors with peace of mind as well as tax-deductible receipts for the charitable donations they have made.
In the coming year, Prospero World will handpick organisations who we consider to be outstanding, to whom we believe we can add value and whose aims are aligned with our own.
If the Prospero World’s Charity Adoption programme sounds like it might be a fit for your project, or if you would like to nominate an organisation for the scheme, please contact us.
IN THE SPOTLIGHT: Pernille Kruse Madsen
The Founder of the Human Practice Foundation shares her experience of our Charity Adoption Programme.
How did you become involved with Prospero World?
The Human Practice Foundation was one of Prospero's adopted charities between 2016 and January 2020. Prospero seamlessly organised our high profile launch event for us at Phillips Auction House in Mayfair. They helped us to welcome over 200 guests, many of whom came from their own network, and paid meticulous attention to detail.
How did being an Adopted Charity support your work?
Since the launch at Philips Auction House, Prospero World have continued to share our achievements with their own network, welcomed donors from ours, and helped us to receive around £150,000 from UK donors who have been able to support our work in a tax-efficient manner. This has enabled us to grow our work and build a further 35 schools in Nepal and Kenya.
With this strong foundation, we are now in the process of registering ourselves as an independent UK charity. Prospero World has really helped us to get here.
What Makes the Charity Adoption Programme Special?
Prospero World have gone the extra mile for us, and has been supportive and insightful with their advice throughout our dealings with them, and we know that they will continue to support our work even when we are no longer one of their adopted charities. We are extremely grateful that one of our biggest supporters came to us directly through Prospero. We cannot recommend Prospero World strongly enough.
Prospero World would like to thank The Human Practice Foundation for the use of their photographs.