The Billingham Legacy Foundation Ltd is a limited by guarantee, not for profit company which has been established to administer on behalf of the Billingham Community ‘The Billingham Legacy Fund’.
All roles held within the Legacy Foundation are on a voluntary basis at no cost to the Foundation.
All finances raised by the Foundation and its supporters are held within the Billingham Legacy Fund and never spent. The money is invested to earn interest.
Any interest earned on the funds held will be made available to the Billingham Community to support good causes.
As the Legacy Fund grows so does the amount of interest earned and the amount of money available to support good causes within the Billingham area.
For the purposes of the Foundation, the Billingham Area is North of the River Tees and east of the A19 up to the Northern Boundary with Hartlepool Borough Council together with the Grindon Ward area of Wynyard and Thorpe Thewles.
The Foundation Board of Trustees have been drawn from people within the community representing:
- Billingham Environmental Link Programme
- Billingham Community Network
- Billingham Northern Area Board
- Billingham Town Council
- Stockton Town Council (Billingham Cllr)
- Churches Together in Billingham
- Billingham Business Sector
- Independent Chair
When significant funds have accumulated the Foundation will invite members of the Billingham Community to submit applications for funding which supports individuals, groups, organisations, business or the public sector within our area, that, in the view of the Board of Trustees, will achieve the aims and objectives of the Foundation which are to support developments within the community.
The strength of the Foundation depends on the commitment of our community to invest in itself.