Series - Editorial Fellowship: Transforming Funding Models

UK’s Lankelly Chase foundation to wind down, redistribute $236M within 5 years

Author Gabe Oatley
“We view the traditional philanthropy model as so entangled with colonial capitalism that it inevitably continues the harms of the past into the present,” the foundation said in a press release.

Why It Matters

In Canada and abroad, philanthropic activists have called on foundations to redistribute their assets to equity-seeking groups through asset transfers and spend downs. Lankelly Chase foundation’s announcement is one of the boldest responses yet.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"UK\u2019s Lankelly Chase foundation to wind down, redistribute $236M within 5 years. On Monday, a large UK foundation announced that it will close its doors, redistributing \u00a3138 million, or about $236 million, to support social justice within five years.\u00a0 In a press release, the Lankelly Chase foundation said the move was spurred by a recognition of the scope of the social, climate and global crises the world faces and a belief that the traditional philanthropic model is \u201cso entangled with colonial capitalism\u201d that it \u201ccontinues the harms of the past and present.\u201d\u00a0 \u201cWe acknowledge our role in maintaining this traditional model and know that these times demand bold action from us all in charitable organisations. Th

Future of Good journalism and events produce insightful analysis and knowledge you need to work and grow.

Read this article with a free account or explore membership options for unlimited access.