Reed Foundation Wins Third Sector Excellence Award

added october 28th 2009

Reed Foundation, the charitable arm of Reed Recruitment Group, has won this year's Third Sector Excellence Award for Innovation.  The award is in recognition of its 2008 matched funding challenge, which raised £2 million for more than 200 charities in just 45 minutes.

"The 2008 challenge was the first ever online matched fund of its kind," explained Alec Reed, philanthropist and founder of Reed. Individual donors gave an average of £1,400, which was then doubled by the Reed Foundation on theBigGive.org.uk

The Big Give, which is funded by the Reed Foundation, was launched in October 2007 by Alec Reed to help high-wealth donors find projects of interest.  This December, Reed Foundation are launching an even bigger matched funding challenge to raise an estimated £9million.

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About The Reed Foundation and The Big Give
The Reed Foundation owns 18% of all the shares in the Reed Group of companies, and was set up by the founder and former chairman of Reed, Alec Reed CBE.

The Big Give, launched in October 2007, is funded by the Reed Foundation.  It is supported by 32 high-profile philanthropists and allows donors to search online for projects by sector and location. theBigGive.org.uk features 6,000 charities, has raised more than £5 million for charity and also offers matched funding, charitable voucher and legacy giving opportunities.

Press Contact:
Helen Cable: helen.cable@theBigGive.org.uk
T: 0207 201 9987

View this article online: http://www.reedpressoffice.co.uk/newsArticle/Reed+Foundation+Wins+Third+Sector+Excellence+Award/