(i) Note the decision by Barking and Dagenham Renew’s Board of Trustees, in agreement with Barking and Dagenham Giving’s Steering Group, to formally integrate the Borough’s giving scheme within Renew’s charitable vehicle from July 2020 and appoint a new Board of Trustees;
(ii) Note the official change of name of Barking and Dagenham Renew charity to Barking and Dagenham Giving;
(iii) Agree to support Option C to link the endowment to the local giving model by establishing the fund under Barking and Dagenham Giving’s new charitable vehicle, with a specially appointed Board responsible for the strategic oversight of the fund, as well as the implementation of its investment, withdrawal and usage policies; and
(iv) Delegate authority to the Director of Strategy and Participation, in consultation with the Director of Law and Governance, the Cabinet Member for Community Leadership and Engagement and in collaboration with the social sector, to agree the governance arrangements and Memorandum of Understanding for the Endowment Fund on behalf of the Council.