Drake Fund Drake Fund

Aims & Objectives

Our Charitable Aims & Objectives are:

1. To continue to grow the Plymouth Drake Foundation

 Full time executive team now in place – fully funded by Royal Mail and now into it's fourth year.

 Permanent office – based at and fully funded by Tamar Science Park, Plymouth. Now into it's fourth year

 Set up costs fully funded by South West Water.

 Branding, website and PR support provided by Formedia.




2. To build a £5m endowment fund for the Plymouth city region

 A fund built from donations. Interest used to provide grants. 

 Starting with the Grassroots Challenge – maximise the money that we obtained through government matched funding.

 Building on the Grassroots challenge – continue to build the Plymouth fund to achieve the £5m target.

 Providing a permanent source of funds to support local charities and local community groups – now and in the future.

 Recruit 10,000 Drake Foundation members from the Plymouth city region.


3. To manage effective grant giving programmes on behalf of donors

 Working in partnership with community foundations, local charities and community representatives.

 Real grassroots support – helping unsung heroes and smaller, less established voluntary and community groups.

 Ensuring the money raised from the endowment is allocated in the best way, providing effective and long lasting support to our community.