The Banks Group Hits 1M Landmark for Charitable Giving

28 February 2014

Family-owned North East property and energy business The Banks Group has reached a major milestone in its charitable giving after the value of its endowment funds held with us passed the one million pound mark.

Durham-based Banks have been involved since we set up in 1995, and is currently its largest corporate donor.

Banks, which employs 420 people, operates under a well-established ‘Development with Care’ ethos, which ensures that the firm conducts its activities in a responsible manner with consideration for the environment, for local communities in which it operates and for its customers, employees and suppliers.

The company’s began with a small donor-advised fund to which the company still contributes today, and has since grown to encompass 17 funds, including an endowment fund that has reached the £1m landmark.

These include the bespoke Banks Community Fund, which provides support to community groups, voluntary organisations and environmental projects that are charitable, educational, or benevolent in purpose and offer direct benefits to the local communities in which Banks works or is looking to work. In total, Banks has provided grants worth £2.6m to community groups, environmental projects and other local good causes across the north of England and Scotland in the last 19 years, and structures are in place to ensure that donations from the funds held by County Durham Community Foundation will continue long into the future.

Mark Dowdall, environment and community director with the Banks Group, says: “This is a very significant milestone in our endeavours to provide enduring, tangible benefits to the local communities in which we work and to support projects that create a positive change in the lives of people in those areas.

“Since 1995, we have been able to support local groups with grants totalling £2.6 million, and our endowment fund will enable giving to go on well into the future.