It is a privilege being a Foundation trustee and being able to give money to worthy causes. Sometimes the donations we make are in support of positive fundraising actions being made by partners and staff of the Altor business. In the case of our recent donation of £3,000 to the World Wildlife Fund’s Seagrass project it was in memory of a wonderful individual, Reuben Dossett. We lost Reuben far too early, in the spring of 2021, aged 19.
Reuben loved wildlife and our planet, he studied geography to better understand human impact on habitats and wanted to find sustainable ways to help our ecosystems. We have donated to the WWF’s project on ‘Planting Hope’ which fits with his aspirations.
Seagrass is a wonder-plant that lives in shallow, sheltered areas along our coast. It is vital to the health of our seas and can help address environmental problems. Seagrass captures carbon up to 35 times faster than tropical rainforests and, even though it only covers 0.2% of the seafloor, it absorbs 10% of the ocean’s carbon each year, making it an incredible tool in the fight against climate change. Seagrass is vital for marine life, which depends on the meadows for food and shelter. A 10,000m2 area can support 80,000 fish and over a million invertebrates. Seagrass is an important nursery for endangered wildlife such as seahorses, as well as many of the fish we eat, including cod, plaice and pollock.
In the UK, up to 92 per cent of our seagrass has disappeared in the last century. We’re working with Sky Ocean Rescue and Swansea University to bring these incredible underwater meadows back to life, by launching the biggest seagrass restoration project ever undertaken in the UK.
From tiny seeds great meadows may grow, and with them our hopes of a greener, cleaner future.
‘Two years ago when my husband died, a mountain of sorrows had broken in my family. From this work all of us have got so much courage. Together we will take care and clean this tank regularly, and clean and sufficient water will be available to all the family members in the house forever.
Laxmi Devi – Ranasar village 18th July 2021
The trustees are pleased to report a recent donation to WaterHarvest. They are a charity working mainly in North West India putting in infrastructure to capture and filter rain water. It is crucial that people have access to clean water if they are going to keep healthy and be able to lead productive lives. We were pleased that our donation was matched by another foundation, thereby significantly increasing the impact of our giving.
We are immensely grateful to you for choosing us to benefit with a wonderful grant of £2,000, received into our bank account today. Thank you so much, this is greatly encouraging, so very generous and makes a real difference to us. Furthermore, it qualifies for matched funding by our long-term supporters The Four Acre Trust, which, together with our leveraging in India of 73% as outlined in my appeal, will multiply this grant to a significant £6,920.
As trustees we were prompted to make a donation of £3,000 to TCT as a young person close to us was suffering from a particularly rare type of childhood cancer. Fortunately these cases are rare but for those seven teenagers diagnosed every day, the work of TCT is crucial in providing someone to talk to who knows what to expect and can guide and support them.
Social planner, activity organiser, listener, counsellor, abseiler, pizza deliverer, morale booster, comedian and friend. Our family will always be thankful…
Teenage Cancer Trust have the incredible aim of providing support to every single teenage cancer sufferer in the UK. They provide care and support to the sufferer and their family at what is always a very hard time for all. We were very pleased to be able to make this donation and were glad to hear that it made a real difference to the work of this charity:
Without your support, Teenage Cancer Trust would not be able to deliver the specialist support that young people need to avoid facing cancer isolated and alone.
The Altor Foundation is pleased to support We See Hope, a charity that supports women and children in Southern and Eastern Africa. They support children acutely impacted by lack of opportunity, isolation and exploitation by giving them and their mothers financial opportunities to support themselves. They are currently working in 147 communities across Kenya, Malawi, Tanzania, Uganda and Zimbabwe.
During Covid they have been focussed on:
Teaching new income generating skills such as making face masks and soap, as well as continuing their existing programmes such as food gardens.
Strengthening child protection structures through their community volunteer network to make sure that ‘at risk’ children such as those who have dropped out of school are identified and supported.
Advancing their Village Investors Programme (VIP), which sets-up self-funded and regulated savings and loans groups. It also provides training in financial and business skills.
It is fair to say that we love the VIP scheme as it helps some of the poorest people in the world to develop the skills they need to financially support themselves and their families. It fits well with the financial education part of our supporting business Altor Wealth Management llp and meets one of our charitable objectives of supporting the poor to support themselves.
To put the Altor Foundation’s support into context, £3,000 is enough for 100 parents to be part of VIP. Based on data from VIP, we know that on average every member cares for three children, meaning your gift is enough to support at least 300 children at a time when building economic security in households is more critical than ever – thank you so much.
WeSeeHope Head of Fundraising – Katherine Chelsom-Pill.
In Bolivia with average earnings of just £500 per month and high cost of living comparative to the UK, many individuals struggle to make ends meet. According to the individuals that we support in country, many live day to day, harvesting enough food each day to sell. The proceeds are then needed to buy food that day for the family.
Covid19 has disrupted this pattern as the Bolivian government has had to impose severe lockdowns to protect their health system.
As incredible as it seems in 2021 many Bolivians are lacking the daily basic essentials of bread to eat. That is why the Peart family have pivoted to baking bread every day to distribute to their local community.
The Foundation has supported this family in the work before and continues to do so now their work is even more crucial.
One of the clients of Altor Wealth, Stuart Shepherd has committed to an extraordinary feat of endurance – rowing 3000 miles across the atlantic with three friends. They are raising money for two charities; RNIB and Severn Hospice. There is a fantastic video about the team here.
We are pleased to say that we have donated £1,000 to each of these causes to support the Wrekin Rowers in their efforts.
You can find out more about the team and the challenge here.
As previously highlighted in our blog here, we have provided Tearfund with 10% of the funding they required for their Anti-Plastics campaign. The project has now come to a conclusion with some real progress with some of the global firms targeted.
To close the campaign out Tearfund have put together the following excellent thank you video covering the campaign.
Every 30 seconds the UK throws away 2 doubledecker loads of plastic and one person dies from diseases caused by mismanaged waste.
Tearfund, No Time to Waste campaign
Tearfund ran the No Time to Waste campaign from May 2019 to May 2020 with the aim to pressure four of the biggest generators of plastic waste; Coca-Cola, Nestlé, PepsiCo and Unilever to clean up their act. The aim was to get them to make four commitments to; Report, Reduce, Recycle and Restore. The Altor Foundation is proud to have provided a tenth of the budget for this campaign.
The aims of the campaign were to get the four companies to:
Report, by 2020, on the number of units of single-use plastic products they use and sell in each country.
Reduce this amount by half, country by country, by 2025, and instead use environmentally sustainable delivery methods such as refillable or reusable containers.
Recycle the single-use plastics they sell in developing countries, ensuring that by 2022 one is collected for every one sold. This means ensuring there are adequate systems for collection, re-use, recycling and composting in communities that currently lack these systems.
Restore dignity by working in partnership with waste pickers to create safe jobs.
Bolivia is a country of 11 million and the second poorest in South America. It has been particularly hard hit by Corona Virus as many Bolivians live day to day, selling enough goods in a day to feed their family for the following day but saving nothing. Due to a lack of a functioning health service families are in lockdown with only one member allowed out, once a week to shop for food. This has hit the people very hard financially.
As a foundation we support Bolivia via CMS who have a family called The Pearts living and working ‘in country’. As well as their social mission in the country they are also using their business background to seed fund and mentor people to set up more substantial micro-businesses. This should provide a more sustainable income for families.
We are grateful for Altor Foundation’s support, which has allowed us to continue and grow our missional work with Bolivian families through Parilis, our economic empowerment and microenterprise program focusing on sustainable employment and business mentorship.
The families and communities which benefit from these new opportunities are testimony to the Altor Foundation in reaching out to make a difference in our world. Thank you for blessing us and the communities that we are part of.