Mersey charities urged to apply for grants from £720,000 Medicash fund
Liverpool-based health cash plan provider sold a record number of new policies in 2017 and has donated the whole of its annual surplus to its charitable fund. Tony McDonough reports
Health cash plan provider Medicash is offering grants to charities and community groups across Liverpool city region after donating the whole of its annual £720,000 into a special fund.
In August, the Liverpool city centre-based not-for-profit organisation revealed it had sold a record number of new policies in 2017. It would normally invest any surplus back into the business but instead has decided to put the cash into the Medicash’s Charitable Trust.
Over the last 10 years Medicash has donated more than £1m to charitable causes, with a further £102,000 committed to support such projects in 2017.
At an event at Liverpool Town Hall this week, Medicash was bestowed with the honour of Freedom of the City in recognition of its longstanding contribution to healthcare and commitment to charitable giving since 1871.
And, accepting the award, chief executive put out the call to charities and community groups based in Merseyside to apply for grants from the fund. She also announced a donation of £50,000 split across 10 local hospices.
“Our commercial success means we’re now excited to be able to support even more organisations performing vital, often lifesaving work across our region who rely entirely on donations for survival,” said Ms Weir.
Birkenhead MP Frank Field is chair of Medicash. He has championed Feeding Birkenhead – a project aimed at tackling food poverty which received a donation from Medicash last year.
Addressing the 150 guests he said: “There are still parts of our region where hunger and poverty are crippling families.
“In addition to supporting the Feeding Birkenhead initiative, the Medicash charitable trust has already had a significant positive impact on a wide number of organisations doing critical work in our communities. This money will provide a welcome boost to them.”
To find out more about the fund, or to apply for a grant, click here.