Tesco Charitable Trust - Providing Help To National And Local CharitiesTesco Charitable Trust has an innovative way of approach. They choose their Charity of the year, by selecting a national charity, which has a strong community network, making this the main focus for staff fund raising, which receives a 20% 'top up' from the Tesco Charitable Trust . In the year 2004, Tesco had raised over £3 million in order to provide financial support to Help the Hospices, and the local hospices. The Tesco Charitable Trust also makes cash grant to local and national charities. Further, the Tesco Trust Community Award Scheme ensures that grants are awarded to the local projects. These projects provide practical benefits to the local community, consisting of the most vulnerable groups, such as, the children, the elderly, and those with disabilities. The framework of the Charity of the year for giving is also found in Poland, Ireland, Hungary, and Slovakia. There have been some ground breaking projects, and have won many awards. Tesco has set up Tesco for Thais Foundation in Thailand. This is a non-profit organisation providing support to selective projects in the country, assisting education and health. Since the year 2003, Tesco Charitable Trust has contributed more than 6 million baht for projects, which include scholarships for students in primary schools and universities. Further, Tesco has launched Thais Blood Donation Campaign, at all the main stores in Bangkok, and other parts of the country. The local and the national charities are helped by the Tesco Charitable Trust. The voluntary organisations are also supported by the trust. The fund from the trust is used for supporting the children, the elderly, and people with disabilities. The initiatives taken by the Tesco Charitable Trust include, providing community awards and donations, staff fund raising, and adhering to the objectives that it has set for itself. The Tesco Charitable Trust is run by a Board of Directors, and was set up on 1st of June, 1987, to support both, the national and the local communities, as recommended by the Board. The Tesco Charitable Trust Award Scheme mostly handles the appeals made by the local community charities. Through this scheme, Tesco distributes awards of £360,000 annually to charities in communities where Tesco has their stores. The fund is utilised by these charity communities in delivering practical benefits to children's welfare, children's education, the welfare of elderly people and people with disabilities. The donations usually range between £1,500 and £5,000. The fund raised by Tesco staff for charities and the communities, is topped up by 20% by the Tesco Charitable Trust. The scope of activities of the Tesco Charitable Trust, in supporting children, elderly, and disabled people is very wide. There are activities that fall outside the community award criteria, and these include: Grants to students, and individuals. Supporting activities which collect fund for charities. Subsequent re-distribution of charitable funds to other charitable organisations or communities. Fund raising events or activities. Purchasing land or buildings for charitable purposes. Meeting overseas appeals. Fund support for promotion of religion. Responding to sponsorship or marketing appeals. In arranging conferences or seminars. etc Tesco Charitable Trust made cash grants of £1,500,000 to the local and national charities in the UK. The Tesco Charity Trust Award Scheme awarded £399,000 to the local projects, which specifically deal with the children, the old people, and the people with disabilities. |