Many times I have been asked about the cost of setting up a charitable trust by people who want to use it to support a range of their own preferred causes. They are often put off by the cost of establishing the charity, finding suitable trustees, and the ongoing work and responsibility involved. Not to mention handling the expected glut of letters requesting grants.
An ideal solution is to set up a named fund with the local Community Foundation (in my case, the Berkshire Community Foundation) who do all the hard work, whilst the donor stays in control of the type of causes that are supported.
It’s a great way for you to get directly involved in community philanthropy, without the administrative and legal costs of setting up a separate charitable trust