Dormant Bank Accounts (Jersey) Law 2017: Distribution of funds to Jersey Community Foundation Limited

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A decision made 21 June 2025:

Decision Reference: MD-ER-2025-462		Public
Subject: Dormant Bank Accounts (Jersey) 2017 – distribution of funds to independent organisation
Report Title: Dormant Bank Accounts (Jersey) 2017 – distribution of funds to independent organisation		Public
Decision(s): The Minister decided to authorise the distribution of funds from the Jersey Reclaim Fund to the appointed independent organisation for onward distribution for charitable purposes, pursuant to the provisions of the Dormant Bank Accounts (Jersey) Law 2017.
Reason for Decision(s): In accordance with the provisions of the Dormant Bank Accounts (Jersey) Law 2017 and the associated Orders, having received advice from the Minister for Treasury and Resources, and having considered the economic situation and challenges faced by the community and charitable organisations, the Minister decided to make a distribution of £1.5 million in respect of 2025 to the Jersey Community Foundation Limited (JCF) for distribution for charitable purposes, according to the terms of a contract and service level agreement. The contract includes a commitment to make an annual distribution of at least £1.5 million to the JCF up to and including 2027. There are no resource implications for the Government of Jersey as a result of this decision, although it should be noted that the Jersey Reclaim Fund will be reduced by £1.5 million and no further investment return will now be earned on those funds. The allocation of £1.5 million also includes a payment to the JCF of approximately £98,000, for expenses incurred in relation to the distribution of the funds together with the ongoing monitoring of grants.
Resource Implications: There are no new financial and/or resource implications.
Action Required: Department to take necessary action.
Signature:	Signed By: Minister for External Relations
Date Signed:	Date of Decision (If different from Date Signed):