Corra Foundation has appointed Tim Hall as its new Chairman, succeeding Christine Lenihan, the organisation’s Chairman since 2009. The Foundation has also announced the appointment of two new Trustees, Joy Barlow MBE and Tom Halpin.
Tim, whose career in investment spanned 26 years at Martin Currie as both a main board member and executive team member, joined the Foundation’s Board as a Trustee in 2011 and became Vice-Chairman in February 2013.
His chairmanship marks a new phase in the Foundation’s history as it recently revealed plans for a bold and innovative new three year strategy. This will see it move away from financial reliance on an almost 30 year old covenant with Lloyds Banking Group to refocusing its core objectives and becoming financially independent.
Speaking about his appointment, Tim said:
“The Foundation has gone through a significant and well documented period of change in recent years. Thanks to the robust leadership of Christine Lenihan, it has emerged stronger and with a new sense of purpose and direction.
“However, it is now time to focus firmly on the future. My role, with the support of my fellow Trustees and colleagues, is to steer the Foundation through this critical stage in its history. It has never been more important to find ways to add value to what we do beyond the monies we provide. Our new strategy gives us a clear direction of travel and it is now for me to ensure that we deliver the potentially huge benefits to communities across Scotland.”
Welcoming the new Chairman, Mary Craig OBE, the Foundation’s Chief Executive, said:
“We are extremely pleased to have Tim take up the reins as our Chairman. He knows where we have been and has been closely involved in developing our new strategy. I am confident that, under his direction, the Foundation will go from strength to strength, which can only be good for those we work with and the long term stability of the Foundation.”
The new strategy focuses on three main strands:
• progressive grant making designed to increase opportunities and life chances for people who are, or are at risk of, disadvantage;
• an innovative approach to community empowerment that sets asides the norms of funding criteria, forms and deadlines for dynamic relationships in places where funders haven’t gone historically;
• and maximising the impact of its funding by sharing knowledge, skills and expertise with groups and individuals. This includes establishing a social enterprise to provide accessible, flexible support for other grant-makers.
For further information contact Fiona Duncan on 0131 444 4020, 07712 324423 or fwd@ltsbfoundationforscotland.org.uk
