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April 21, 2010    

Charity finances should match their ideals

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by David Masters
Charity finances should match their ideals

Charities should ensure their investments and pension schemes match up to their ideals by putting their money into an ethical fund, an ethical financial adviser claimed yesterday.

Barchester Green Investment (BGI) made the comment as it begins working with two leading social enterprises, SEDEX and World Development Movement, on designing and selecting ethical pension schemes for employees.

Selecting an ethical investment fund is becoming easier for charities as more socially responsible and environmental funds become available, BGI said.

Recent research by ACEVO found that over a third (34%) of charities already invest their money in ethical pension schemes.

“Year by year, increasing numbers of charities realise the importance of having their funds ethically invested,” said John Ditchfield, BGI director.

“More and more charities have realised the importance of having their investments and pension schemes committed to funds that follow the same ethical lines as the charity’s mission statement.

“Not only is it vital to their reputation but is of increasing importance to their donors. ”

Founded in 1985 as Britain’s first ethical and environmental investment specialist, BGI donates a fixed percentage of its annual profits to charities and social enterprises.

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