RefuAid's Charitable Status

RefuAid is an organisation set up as a charitable fund under the auspices of Prism the Gift Fund (charity number 1099682).
This has given us the benefits of focusing on our cause in a cost-efficient and transparent manner, whilst Prism the Gift Fund provide us with financial administration support.

Prism the Gift Fund is a UK registered charity, whose mission is to increase the flow of funds into the charitable sector. RefuAid is set up as a charitable fund under the auspices of Prism the Gift Fund. Prism the Gift Fund acts as the ‘parent’ charity to RefuAid (and around 50 other similar organisations), providing the following services:

• Charitable and legal infrastructure (being a “restricted fund” under Prism means that RefuAid can claim Gift Aid on donations)

• Financial administration

• Charity compliance and governance

• Due diligence on operations, grant-making and payments

Prism the Gift Fund charges an administrative fee which is commensurate with the administrative needs of the account. Use of Prism the Gift Fund’s existing charitable structure keeps overheads low by outsourcing compliance, finance administration and governance functions.

Effectively, RefuAid are a small "department" of Prism the Gift Fund, the overarching UK registered entity and backbone of all its sub accounts, which lends skills, practical support, and governance to RefuAid.

Please contact the Prism team (refuaid@prismthegiftfund.co.uk) if you have any further queries about the structure.

RefuAid’s structure and relationship with Prism means that our financials and activities are incorporated within Prism’s annual accounts, since they are the registered charity with the U.K. Charity Commission.

Associates & Consultant Staff

Legal

Weil, Gotshal & Manges LLP