I want to know about Special Purpose Funds
Special Purpose Funds are created when funds are donated to us for a specific purpose.
These funds may be to say ‘Thank you’ for the care of a loved one on a ward or to support a particular type of research.
How do Special Purpose Funds work?
Each Special Purpose Fund has a main and deputy fundholders responsible for planning how to spend the donations we receive. If you’re a fundholder, we’ll ask you to prepare an annual spending plan to tell us how you intend to spend donated funds.
Special Purpose Funds rely entirely on donations from patients, staff and members of the public. Where teams have a substantial source of voluntary donations for their service, they can apply to set up a special purpose fund to drive improvements and help build a better future of healthcare at Guy’s and St Thomas’.
What are Special Purpose Funds used for?
Special Purpose Funds are usually highly restricted. We work closely with the fundholders to ensure that they are managed carefully and provide the maximum possible benefit for patients and staff.
The funds are used to support a range of activities over and above that which is usually available on NHS budgets. This could include investment in education, patient care, equipment, research, and staff wellbeing across the different wards, clinics and departments in the Trust’s acute hospital and community sites.
What has been previously funded by Special Purpose Funds?
There are around 200 funds of varying sizes and purposes and over 20 related to Evelina London. For example, recently the South Thames Retrieval Service (STRS) fund provided comfort packs for every parent or carer transferring with a child in the STRS intensive care ambulance and a soft elephant for the child or baby. Meanwhile, the Neonatal Unit fund purchased closed heated cost which have been in constant use at the unit.
We love hearing about how fundholders have been spending donated funds, so please get in touch if you would like to tell us about anything especially interesting or impactful that you’ve done with your special purpose fund.