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020 7738 2348<br />
News<br />
October 2015<br />
Kensington, Chelsea & Westminster Today 9<br />
online: www.KCWToday.co.uk<br />
Generosity can<br />
heal communities<br />
but donors need to use their<br />
heads and hearts<br />
Gina Miller – Miller Philanthropy<br />
& SCM Direct.com<br />
During July and September, The Lord<br />
Mayor of London established a City<br />
Giving Day initiative to raise money for<br />
charity and as we approach Christmas<br />
there will be many calls to sponsor,<br />
attend and support numerous fundraising<br />
events. Many will be accompanied with<br />
heavyweight, personalised invitations and<br />
slick marketing campaigns. It is a time<br />
of giving, but think before you give – and<br />
give smarter.<br />
I am a passionate believer in<br />
corporate citizenship and conscious<br />
capitalism, which could simply be<br />
described as being good but is more than<br />
that. It recognises the fact that without<br />
a higher sense of purpose, without<br />
exercising individual and collective<br />
responsibility, social injustice spreads and<br />
festers, destabilising the communities we<br />
live in. For companies, there needs to be<br />
a ‘giving back’ to the communities that<br />
afford their success - about purpose and<br />
profit, not either or.<br />
The truth is that no government or<br />
political party will have enough money<br />
to resolve some of the deep seated social<br />
issues facing our society. So to leave<br />
the world a safe and stable place for our<br />
children and future generations – to<br />
plant a tree whose shade we will never<br />
sit under – we have to come together in<br />
a stream of conscious capitalism that will<br />
see collaboration between individuals<br />
and the private, public and social sectors.<br />
For corporate givers, it needs to be so<br />
much more than a day of giving. The<br />
give has to be more than money but a<br />
breadth of resources, skills and thinking<br />
deployed in a smart, strategic manner.<br />
There is no shortage of self-serving,<br />
corporate philanthropic initiatives or<br />
gifts that lead to photo opportunities<br />
for CEOs or board members. Often,<br />
however, they simply go to charities and<br />
projects that have ‘charity’ above the<br />
door, which in the back room are all fat<br />
salaries, inefficiency, poor governance,<br />
and poor outcomes. I believe business<br />
leaders, successful individuals and<br />
professionals should also be leaders<br />
in social problem-solving and funders<br />
of innovative, long-term<br />
solution driven projects and<br />
smaller dynamic community<br />
charities dealing with the<br />
most vulnerable and isolated<br />
in society.<br />
As investment managers<br />
we have procedures, processes,<br />
and due diligence governance<br />
in place when engaging with<br />
prospective clients, partners,<br />
suppliers and distributors.<br />
We simply use these same<br />
practices and procedures in<br />
the work our foundation<br />
does. I meet incredibly<br />
bright, successful people and<br />
companies who think they<br />
can’t make a giving decision –<br />
what they need, in my view, is<br />
to apply their heads as well as<br />
their hearts.<br />
Shockingly, less than<br />
1% of charities in the UK<br />
generate over half of the<br />
sector’s income, leaving the<br />
true charity and community<br />
heroes, who work relentlessly and<br />
selflessly to make society a better place<br />
for us all, battling to attract the money<br />
and resources they need. Unless funders<br />
change their giving habits, thousands<br />
of smaller charities that undertake<br />
transformational work will cease to exist<br />
over the next two years. Therefore, I<br />
urge all donors and philanthropists to<br />
embrace smarter giving.<br />
Right to Buy:<br />
Kensington and Chelsea set to<br />
sell off council homes<br />
by Rosie Quigley<br />
Over 60,300 council homes from<br />
Boroughs across London face being<br />
sold off under new government plans<br />
to extend the Right to Buy scheme to<br />
housing association tenants. Analysis<br />
from housing and homelessness charity<br />
Shelter suggests that the boroughs of<br />
Westminster, Kensington and Chelsea<br />
and Camden will be hit the hardest by<br />
these plans.<br />
The new extension of the scheme<br />
would mean that council houses, worth<br />
more than a set threshold for the area,<br />
would be sold once they become vacant.<br />
The profits made would then be used<br />
to fund discounts of up to £100,000 for<br />
housing association tenants who wish to<br />
take up the Right to Buy.<br />
Kensington and Chelsea will be<br />
forced to sell a disconcerting 97% of its<br />
council properties, over 6,600 homes,<br />
and Westminster will sell approximately<br />
76% of their total council housing stock.<br />
However, according to Shelter’s analysis,<br />
the borough of Camden will be the worst<br />
off in the capital where the equivalent of<br />
50% of its council homes, 11,000, will<br />
be sold.<br />
Campbell Robb, Shelter’s chief<br />
executive, says:<br />
“At a time when millions of families<br />
are struggling to find somewhere<br />
affordable to live, plans to sell off large<br />
swathes of the few genuinely affordable<br />
homes we have left is only going to make<br />
things worse.<br />
“More and more families with barely<br />
a hope of ever affording a home of their<br />
own and who no longer have the option<br />
of social housing, will be forced into<br />
unstable and expensive private renting.<br />
“The government needs to scrap this<br />
proposal and start helping the millions<br />
of ordinary families struggling with sky<br />
high housing costs. If George Osborne<br />
is serious about turning around the<br />
housing crisis, the autumn spending<br />
review is his last chance to invest in the<br />
genuinely affordable homes this country<br />
desperately needs.”<br />
The recent analysis from Shelter<br />
comes just as Westminster Council’s<br />
own research has suggested that<br />
Government rent cuts could further<br />
restrict the council’s ability to build<br />
new homes. According to Westminster<br />
council, Government imposed rent cuts<br />
of 1% per year for four years will cut the<br />
Government’s housing benefit bill whilst<br />
costing Westminster’s Housing Revenue<br />
Account £32 million over the next four<br />
years. This will mean that Westminster<br />
Council will be forced to make extreme<br />
cuts to the quality of current properties<br />
or plans for new affordable housing.<br />
Westminster Council’s research also<br />
indicates that the Government’s planned<br />
freeze on local housing allowance in<br />
the private sector will see an increased<br />
number of families becoming homeless.<br />
Councillor Adam Hug, Leader of the<br />
Labour Group, says:<br />
“It becomes clearer each day that the<br />
Conservative Government’s housing<br />
plans could sound the death knell for<br />
social housing in Westminster and<br />
the mixed communities it provides a<br />
home for. The Council must do more<br />
to challenge their Tory chums in<br />
Parliament and Whitehall to scrap the<br />
forced housing sales and think again<br />
about how to finance new homes.”<br />
Photograph © Shelter