In a world where every penny counts, choosing the right bank to safeguard your charitable funds is a financial decision and a moral one. If you are a charity seeking a purpose-driven financial partner, you’ll find a range of options available on our platform. One of these options is Charity Bank, which has a mission deeply rooted in creating positive social and environmental impact and an ownership structure that sets it apart as a beacon of responsible banking.
In this guest blog, Justin Hort, Director of Savings at Charity Bank, delves into the essence of Charity Bank, its distinctive business model, and unwavering support for charitable organisations and social enterprises.
Our Mission: Empowering Charities for a Better Tomorrow
At Charity Bank, we believe that money has the power to do good far beyond the balance sheet. Our mission is simple yet profound: to use the deposits entrusted to us by individuals, charities and socially-minded organisations to fund loans for other charities and social enterprises that are striving to create a better world. We understand that for charities, every pound saved and invested has the potential to make a difference, and that’s why we are committed to channelling these funds to where they are needed the most.
Ownership Aligned with Values
What sets Charity Bank apart is not just its mission but also its ownership structure. We are proud to be wholly owned by charitable foundations, trusts and other social purpose investors, which means that our focus is solely on maximising positive impact rather than maximising profit. This unique ownership structure ensures that every decision we make is centred around the well-being of the causes we serve, rather than the financial gain of a few.
Powering Change Through Loans: Real Stories of Impact
It’s one thing to talk about positive impact but another to witness it firsthand. Thanks to the deposits made by charities, Charity Bank has been able to provide essential loans to a diverse range of charities and social enterprises, driving change and transforming communities.