Friday, September 23, 2011

News: AESSEAL's charity fund


The £1m charitable endowment fund from Rotherham manufacturing firm, AESSEAL, has begun providing the first grants to vital community initiatives in South Yorkshire.

The Templeborough firm made several donations throughout the South Yorkshire Community Foundation's (SYCF) three year Grassroots Grants Endowment Challenge and became the largest corporate donor.

One of the first grants was made to Barkers Park Bowling Club in Rotherham that has been successful in encouraging young people to pick up the game.

Roy Cooke, treasurer at the Kimberworth Park Club, said: "Over the past three weeks we have had the company of the youth group. They received bowling tuition from myself and other club members, whose help has been invaluable.

"Everyone at the club would like to thank South Yorkshire Community Foundation for providing the funding. It has enabled us to purchase enough equipment for our ever increasing membership which is now 40-strong."

Chris Rea, managing director of AESSEAL, said: "When we committed to supporting the Grassroots Grants endowment challenge we knew that it was truly an investment in the future of our local communities.

"This grant to Barkers Park Bowling Club is just the first of many that will be made from the fund and we look forward to seeing the exciting projects that we are linked to in the future.

Thanks to the pound for pound match funding and tax advantages on charitable giving, AESSEAL's endowment fund is worth almost £1m, from which the interest will be distributed to local projects year on year.

Chris Rea, added: "We are absolutely delighted to have been part of this groundbreaking endowment challenge to help the long term development of community projects throughout South Yorkshire.

"Since 1981 the Company has consistently grown and felt it was appropriate to put something back into the area that has been so helpful in our business development."

SYCF website
AESSEAL website


SYCF,  September 23, 2011 at 1:42 PM  

All requests for funding should be directed to South Yorkshire Community Foundation, the organisation that is administering the fund on behalf of AESSEAL.

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