Governance and funding
The Joseph Rowntree Reform Trust Ltd is an independent non-charitable trust.
JRRT is a limited company, paying tax on its income, which makes grants for political, campaigning or lobbying purposes that are ineligible for charitable funding.
Funding JRRT’s work
JRRT has a wholly owned subsidiary company, JRRT (Properties) Limited which holds a small portfolio of commercial retail properties. JRRT’s annual income is from dividends from its portfolio of listed shares and rental from its property portfolio, both derived from investing the endowment from Joseph Rowntree.
JRRT is governed by its Board of Directors. The ten Directors are drawn from a variety of backgrounds, to reflect JRRT’s Quaker and liberal values. Directors serve for a maximum of 15 years. The Board Chair is Andrew Neal.
The Board meets quarterly, usually in York. Directors give unpaid voluntary service.
The Board sets the strategic direction for JRRT and is responsible for financial oversight and compliance as well as making grant decisions.
The Board has two sub-committees: the Finance Committee and the Nominations Committee, which is responsible for succession planning and Director recruitment.
The Trust has five staff: a full-time Chief Executive and Programme Manager, and part-time Finance Manager, Communications Manager and Administrator.