Steve Morgan donates £20m to charities from new fund

0

Steve Morgan is giving another £20m to charities that are struggling to cope with the impact of the COVID-19 pandemic.

Mr Morgan is match-funding a £10m award from Department for Digital, Culture, Media & Sport (DCMS) and said the new £20m will help hundreds of charities to stay open.

He has already given out £50m in grants and committed another £250m since launching the Steve Morgan Foundation in 2001 but has warned that the charity sector faces an unprecedented challenge because of the pandemic.

Steve said:

“I’m honoured that the work of the Steve Morgan Foundation has been recognised by the Government with this award of £10m and, by match-funding it, we have £20m to get out to those charities in the most need.

“It will help some of the most vulnerable people in the UK.”

The £10m Government fund comes from a new £85m Community Match Challenge Fund by the DCMS and is part of the Government’s £750m support package for charities.

Minister for Civil Society, Baroness Barran, said:

“I’m delighted the Community Match Challenge, part of the £750 million support package we have delivered for charities, has allowed us to double donations to good causes and help those most in need in the North West.

“Alongside generous individuals like Steve Morgan and his Foundation, we are determined to do all we can to support our communities in the months ahead.”

This new initiative is separate to Mr Morgan’s Covid-19 Emergency Fund that was launched in March 2020, with the promise of up to £1m a week to help support struggling charities across Merseyside, North Wales and Cheshire.

The Covid-19 Emergency Fund has made over 600 awards to charities tackling everything from food poverty, menta health, homelessness, domestic violence, social isolation and bereavement, helping 1.5 million people in the process.

Morgan, who is the founder of housebuilder Redrow, said the money from the Community Match Challenge Fund will be split between 100 smaller North West-based charities and for larger charities in Maggie’s; JDRF; Onside Youth Zones; and The Reader.

Laura Lee, Chief Executive at Maggie’s, said:

“We are incredibly grateful for this funding as it means we can make sure as many people as possible living with cancer across England will get the crucial emotional and psychological support they need at this time.”

Mr Morgan said the DCMS award was a validation of the Foundation’s work in helping vulnerable people for nearly 20 years.

He added:

“We know that the North West has some of the highest levels of social deprivation in the UK so the importance of this £20m can’t be underestimated.”

Under the terms of the DCMS funding the £10m award has to be spent by March 31, 2021, at which point the Steve Morgan Foundation match-funding will kick in.

Share.

Comments are closed.

Subscribe To OurMonthly News Bulletin

Subscribe To OurMonthly News Bulletin

Don't worry! No spam! To our subscribers we send information on some of the important policy changes effecting the third sector, news on local events and a lot more.

You have Successfully Subscribed!