How will the local currency work for local charities?
For every Stroud Pound purchased by an individual, 3% of its value is allocated to
a local charitable organisation of the individual’s choice provided that it is a
member of Stroud Pound Co-op Ltd.
Each participating charity or not-for-profit organisation is listed below on the
website and in the Stroud Pound catalogue.
Charities or not-for-profit organisations can also buy (or be given) local currency
vouchers to spend with participating traders.
Funds will be transferred to the charity on an annual basis. Anything less than £20
will be rolled over to the following year. Payments will be made in Stroud Pounds.
A 5% administrative charge up to maximum of £20 will be deducted when funds are transferred
Charity members will not be able to redeem local currency units back into Sterling.
Charities can also register separately as traders to sell their products or services.
They will then be listed with other traders on the website and in the printed directory.
If neccessary, they can also redeem their Stroud pounds (less 5% redemption fee).
What are the benefits for local charities?
A charity or not-for-profit organisation can gain support for its own cause by encouraging
its own supporters to join the local currency scheme and to nominate the charity
The more local currency members a charity signs up, the more potential donations
it receives. For example, if 25 supportingconsumers were to purchase £100 each per
month (total £2,500/month = £30,000 / year) a charity could receive £900.
The organisations listed below are eligible to receive donations through the scheme.
Please note that you may nominate a different organisation but, unless and until
your nominated organisation formally joins the scheme, the 3% proceeds cannot be
Stroud Valleys Project
Transition Stroud Biodynamic Association
Christian Community Cotswold Care Hospice Innishfree Marah Trust