Charitable giving ranges from large strategic projects, such as the gift of over £10 million to the Trustees of The Alan Higgs Centre to build a community sports and leisure centre (presently home of Otium Entertainment Group’s ‘CCFC’ Academy), to a very large number of small local projects such as provision of minibuses, family holidays and support for disadvantaged children, community groups and youth clubs. Some donations are specific single grants and some are to support ongoing activity by small charitable organisations and community groups.
The Charity is engaged in other large cooperative ventures such as those with Coventry University and Warwick Arts Centre across Coventry schools. They established the partnership between Coventry City Council, Coventry University, the University of Warwick and the Charity to promote and run the annual Coventry Mysteries arts and community Festival, and are its principal funder. The Trustees have, this year, spent over £120,000 in taking forward the Drapers’ Hall project with Coventry University, with officer support from the Council, and the project has been awarded a £2m grant from the Heritage Lottery Fund to put towards the £8m needed to restore and re-open the historic building as a music centre for the benefit of young people in Coventry.
Most of the Charity’s funds are invested on the stock market however where possible the Trustees are keen to invest their funds in Coventry. The investment in the Arena has created over 3,000 new jobs in the City. They have now bought Brown’s independent bar and restaurant next door to the Drapers’ Hall. It will be renamed and re-launched as Drapers. Members of staff are now paid at least the Living Wage, there is an active programme to enhance their skills and with the re-launch the Trustees hope to be able to contribute to the regeneration of the City Centre as well as providing a return on their investment to be added to the funds available for distribution in the area. Combined with the development of the Drapers’ Hall into “Music Coventry” they hope that the area will be a vibrant and inviting addition to the developing City Centre