- Nearly 500 local independent charities will benefit from a team of local fundraisers.
- Fundraising target increases from £300,000 to £400,000 for 2015.
- Nearly £250,000 already donated by TSB partners to their chose charities.
TSB is increasing its fundraising target for 2015 to £400,000 following the hugely successful launch of its Local Charity Partnership programme less than six months ago. Every single TSB branch and office site, supported by local customers, has got behind the programme and partnered with a local charity, club or society that serves their community.
That means more money, for more local causes across the UK, with nearly 500 charities now benefiting from fundraising support from their local TSB.
As the UK's challenger bank, TSB has moved away from the traditional, centrally chosen "charity of the year" adopted by mainstream banks and large organisations. Instead, TSB gives its Partners the freedom to pick their own Local Charity Partner based on the needs of their local community.
As a recent report by the Charities Aid Foundation and the Association of Chief Executives of Voluntary Organisations
highlighted, local, independent charities need support. Generating income and achieving financial stability was cited as the most pressing challenge for charity CEOs. And, for small charities in particular, finance continues to be a key challenge, with as many as one in five (21%) saying they are struggling to survive.
So far, TSB and its Partners have donated almost £250,000 to their chosen charities since the programme launched in January 2015. That includes a £100 contribution from TSB to kick-start each branch's fundraising.
TSB is also encouraging its Partners to spend a day, when they would normally be working, out in their community supporting their Charity Partner with their time and / or skills.
Anthony Thompson, TSB's Head of Public Affairs & Community Investment, said: "TSB is the only UK bank to approach charitable giving in this way and to support nearly 500 charities is testament to how we help local communities to thrive."
"We wanted to give our Partners the freedom to choose a local cause which matters to them and we've been bowled over by the enthusiastic response we've received. This is a voluntary programme so it's fantastic that every single TSB branch and office site has taken the time to get involved."
"I'd really like to thank all of our Partners and customers who have taken part in the various fundraising activities to raise much needed funds for causes close to their hearts."
Partners working at TSB across Britain have already held countless bake sales and hamper raffles this year, and some adventurous staff have been jumping out of planes and abseiling down buildings to raise money for their chosen local cause. TSB Partners in Wakefield even completed a virtual Tour de TSB, cycling over 200 miles, which is the distance between all the branches in their area, to raise money for their local partner, Community Awareness Programme.
In Birmingham TSB hosted a Charity Evening for all of their Local Charity Partners in the area. The event, which was attended by the Lord Mayor, was an opportunity for the charities to talk about the challenges they face and to share ideas.
Notes to editors
1Social Landscape - the state of charities and social enterprises in 2015
report published in March 2015 by the Charities Aid Foundation and the Association of Chief Executives of Voluntary Organisations.
To find a Local Charity Partner TSB branches and offices across Britain advertised locally for customers, Partners and members of the public to nominate charities and social enterprises, which they believed should benefit from regular fundraising activity. Nominated charities, which met the eligibility criteria, were then entered into a random draw and given a fair chance of being selected.
In 2014, TSB's Partners raised nearly £290,000 for the Alzheimer's Society and other charities across the UK by holding fundraising events such as cake sales, raffles and sponsored activities.
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