Legacy 2013> Fund
The London 2012 Olympic and Paralympic Games were a great success.
However, community sport organisations across the UK are still reporting financial pressure which threatens their current level of service and, in some cases, their survival. Despite welcome initiatives from government and Sport England there is a well-documented need for more funding for community-based sport. A generation may have been inspired, but the organisations which could respond to increased demand require more support to meet both current and raised expectations.
Rising to the challenge of securing a lasting legacy from the Games, London Funders has worked with partners City Bridge Trust, Comic Relief, Community Development Foundation and Trust for London to produce our feasibility study: see the study in full or the executive summary.
Additional support has been provided by CCLA Investment Management, GLA Sports Unit, Hunters Solicitors, LA84 Foundation, Leyton Orient Community Sport, London Community Foundation, London Youth, Media Trust, Substance and UK Youth.
Together we make the case for an independent, lasting, grantmaking foundation as a legacy of the Games to support organisations across the UK using sport to build communities and enrich lives. The work has been inspired by the LA84 Foundation, set up after the 1984 Los Angeles Games: since then it has made grants of over $200 million to organisations working in the field of community sport in LA and Southern California. Such a fund is needed and wanted in the UK to add to current funding streams.
Agreed principles underlying the Legacy 2013> Fund proposal are:
- a new foundation should concentrate on funding sport where it is used as a tool for community development rather than simply increased participation or elite sport
- despite its origins in a London-focused network, the Fund should aim to be UK wide
- it should keep running costs as low as possible, maximising support to community groups
- it should not be a direct grantmaker to individual community sport organisations but primarily add to the grantmaking of existing experienced grantmakers.
The partners in this project are keen to build the capital needed for an independent endowed fund to support community sport and they believe that there would be a commitment of donations and sponsorship income from the corporate sector and other donors. The overwhelming, positive, enthusiastic response to the 2012 Games has proved to us that building a long term UK legacy fund is possible.
If you are interested in joining this initiative, contact Gaynor Humphreys, to find out more.
Good report on the impact of sports participation by young people from a Summit convened by the LA84 Foundation – one of our sources of inspiration for a legacy from the 2012 Games: 2012 Summit Report: Youth Sports & Academic Achievement.
Laureus has published a brief but powerful report of research by Eorys which costs the financial benefit of engaging young people in sporting activities and diverting them from anti-social behaviour. Read the report here.
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