The Foster Care Co-operative were the number one independent (non-local authority) child investment contributor in 2018, according to figures published by charity The Share Foundation. They had previously ranked 2nd in 2017 – so are thrilled to be recognised as the leading independent contributor in 2018.
The Foster Care Co-operative work with The Share Foundation to ensure that savings made for children in their care are invested in long term tax free savings accounts, that can be accessed when the child reaches 18 years old. The Share Foundation set up and manage these accounts.
The Share Foundation was founded as a UK registered charity in 2005. The organisation is committed to ensuring that young people leaving care at 18 are properly equipped, with both material resources and knowledge, in order to achieve their potential. They have worked closely with the Government on their two investment initiatives: Child Trust Funds and the Junior ISAs.
In 2012 they were appointed by the Department for Education to ensure that children who had been in care for over a year, who didn’t possess a Child Trust Fund, were set up with Junior ISAs. The Share Foundation also raise additional money to build up the children’s accounts.
You can read the full report here.