Joseph Rowntree Foundation invest £100,000 in Fair Tax Foundation expansion plans
JRF’s commitment takes community share offer two-thirds of the way to £450,000 target
The Fair Tax Foundation are pleased to announce we have received a £100,000 direct social investment commitment from charitable foundation the Joseph Rowntree Foundation.
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. Joseph Rowntree Foundation’s £100,000 investment commitment takes us two-thirds of the way to our target.
Read more about our community share offer here.
Joseph Rowntree Foundation was established in 1904 by Joseph Rowntree to understand the root causes of social problems. Their social investments look to contribute to systemic change, and they have previously funded organisations creating the deeper, more foundational shifts needed for a more equitable and just future.
Paul Monaghan, Chief Executive of the Fair Tax Foundation, said:
“It’s wonderful to have the social investment arm of the Joseph Rowntree 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, JRF 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.
