THE MCCARTHY & STONE CHARITABLE FOUNDATION

The McCarthy & Stone Charitable Foundation is a UK-based nonprofit organization established in 2020 as an extension of the McCarthy Stone Group's commitment to social responsibility. The foundation operates with the mission to create a society where older people are valued, connected, and engaged within their communities. It primarily supports grassroots charities and community groups that serve older adults, focusing on fostering connection, engagement, and purpose among this demographic.

Mission and Vision

The foundation envisions a society where older people are respected and actively involved in community life. To achieve this, it collaborates with the McCarthy Stone Group, its people, customers, and partners to support local grassroots initiatives that improve the health, wellbeing, and social inclusion of older individuals.

Activities and Programmes

The foundation provides financial grants, volunteer support, and project resources to grassroots charities and organizations with an annual income under £250,000. Its grant programmes are designed to empower local volunteer-driven groups that enhance the lives of people aged 65 and over.

Beyond supporting older adults, the foundation also champions intergenerational initiatives, assisting young people with additional learning needs through educational programmes and partnerships with schools and community groups. It promotes intergenerational learning and encourages volunteering opportunities that benefit both youth and the elderly.

Moreover, the foundation invests in creating and enhancing accessible community spaces that foster social interaction and engagement across all ages, thus strengthening community ties and promoting sustainability.

Partnership and Support

The McCarthy & Stone Charitable Foundation builds long-term partnerships with charities such as The Royal Voluntary Service and Coram Beanstalk, a national literacy charity. It also welcomes volunteers and organizations seeking support, highlighting the importance of community involvement in its operations.

Since its inception, the foundation has granted over £1 million to more than 450 causes across the UK, reflecting significant impact in supporting older people and community wellbeing.

Financial Overview

In the financial year ending October 31, 2023, the foundation reported a total income of approximately £548,122, primarily from donations and other trading activities. Expenditure totaled about £568,894, with the majority allocated to charitable activities and fundraising efforts.

Background

The foundation was created by McCarthy Stone, a prominent developer and manager of retirement communities in the UK founded in 1961. The parent company has a history of charitable engagement, supporting causes that benefit older adults and children, and raising substantial funds through partnerships and events.

The McCarthy & Stone Charitable Foundation continues to play a vital role in supporting vulnerable older people, fostering intergenerational connections, and enhancing community life across the UK through targeted grantmaking, volunteering, and partnership development.

[1] https://mccarthystonefoundation.org [2] https://www.mccarthyandstone.co.uk/about-us/our-initiatives/foundation/ [3] https://mccarthystonefoundation.org/our-grant-programmes/ [4] https://register-of-charities.charitycommission.gov.uk/charity-details/?regId=1191504&subId=0 [5] https://en.wikipedia.org/wiki/McCarthy_Stone