Friends Provident Foundation commit £100,000 investment in support of Fair Tax Mark
Fair Tax Foundation community share offer raise now close to 90% of £450,000 target
The Fair Tax Foundation are pleased to announce we have received a £100,000 direct social investment commitment from Friends Provident Foundation.
Previously, Friends Provident Foundation have provided grant support to kickstart Fair Tax Week and Fair Tax Councils in the UK.
On 2 September 2024, we launched a community share offer on social investment platform Ethex looking to raise £450,000 to expand our operations and bring five times as many businesses into our progressive movement. Friends Provident Foundation’s £100,000 investment commitment means that we are now 87% of the way towards our target.
Read more about our community share offer here.
Friends Provident Foundation are an independent charity that make grants and use their endowment towards a fair and sustainable economic system that serves people and planet. They connect, fund, support and invest in new thinking to shape a future economy that works for all.
Paul Monaghan, Chief Executive of the Fair Tax Foundation, said:
“It’s fantastic to have the social investment arm of Friends Provident Foundation invest in our expansion plans, as we seek to increase our impact fivefold.
“The Fair Tax Mark is now the gold standard of responsible tax conduct, and is central to a movement of progressive businesses that are proud to pay their taxes and celebrate the enormous contribution this makes to public services. We believe the more businesses that stand up for responsible tax conduct, the more likely legislators are to create better laws, and the more likely regulators are to implement those laws robustly.
“By supporting us to scale up our business, Friends Provident Foundation will help us to expand our influence, bolster public coffers and help steer the economy in a more enlightened direction at this critical moment in history.”
The Fair Tax Foundation’s community share offer is open until 29 November – targeting an initial annual return of 6%, and UK base rate plus 1% thereafter. There is a minimum investment threshold of £200, and a maximum of £60,000 for individuals and £100,000 for organisations. As with all investments of this nature, capital is at risk and returns are not guaranteed.
Full details of our 2024 community share offer are available at ethex.org.uk/invest/fairtax.
Please note, the purchase of shares is at full risk and if the Society fails it is possible that you will never recover the full value of your shareholding, or could even lose it completely. Don’t invest any money you cannot afford to lose.
