As if the current recession was not tough enough already for trust fundraisers, the threat to the Lloyds TSB Foundations and the winding up of the J. Paul Getty Jr. Charitable Trust sound an altogether more worrying note for charities that rely on trusts.
Picture the scene. It’s a glitzy, glamorous ball for all the charity’s major donor prospects. All the fundraising staff are there, glammed up in their DJs and little black dresses, pressing flesh and working the room. That includes my partner Sarah (this is several years and a few charities ago), who was head of this charity’s trusts team.