Established in June 2009, The GREaT Foundation raises funds through voluntary donations to support research, education and treatment of problem gambling. In addition to the gambling industry, our supporters also include finance organisations, media, legal and professional advisers.
We are delighted to announce that we achieved the £5million fundraising target which was set by the Government and the Responsible Gambling Strategy Board for the financial year 2009/10. Our fundraising total for this period increased by more than 42% on the previous year and we are extremely grateful to those of you who supported us during what was a difficult period for many.
Including the donations received to date, we have provided £4.46million in funding to the Responsible Gambling Fund to support various commissioned research, education and treatment projects (details on where your money has been spent can be found on pages 5 and 6 of the June issue of GREaT News).
Looking forward, the Responsible Gambling Strategy Board has set our 2010/11 fundraising target at £6million. Whilst this is a 20% increase on last year, we have not changed the rate for calculating donations. As in 2009/10, we are continuing to request that all organisations that derive income directly from gambling make a donation to us at the rate of 0.085% of gross gambling yield or profit with a minimum annual donation of £250, whichever is the greater. Organisations that make an income indirectly eg banks, lawyers, accountants, trade suppliers etc are asked to donate at the rate of 0.85% or £250, whichever is the greater.
Rest assured, you can be confident in the knowledge that your donations are being used to get the best value for money in the provision of research, education and treatment of problem gambling.
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