Two London funders that have always shared the same office and similar areas of operation have taken the next logical step and agreed to merge – a practice funders often urge on grantees but seldom adopt themselves. City Parochial Foundation and Trust for London have merged, taking the name of the latter. The new trust will distribute as much funding as the two former organizations combined, according to chief executive Bharat Mehta – around £6 million per year. ‘Trust for London will continue to focus on the most marginalized, through our grants programme, special initiatives such as the Living Wage campaign and innovative research such as London’s Poverty Profile,’ said Mehta. Current grantees of the previous organizations will not be affected by the merger, and the conditions of the grant and main contact person will remain the same.

Source

Third Sector Online, 8 July 2010