Setting up and running a charity – guidance

Total return investment for permanently endowed charities

Guidance for trustees of permanently endowed charities considering adopting a total return approach to investing the charity's funds.


Total return investment for permanently endowed charities

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Charity trustees no longer need authority from the Charity Commission to adopt a total return approach to investment. This guidance covers:

  • the commission’s powers set out in the total return regulations and how they can be used
  • what total return investment means for permanently endowed charities
  • what happens if the charity already has a total return investment order from the commission
  • how to adopt the power to use total return investment
  • the trustees’ duties with regard to using the power
  • allocating total return between income and capital