Kerching! The academy trusts raising millions through fundraising

Academy trusts are raising millions of pounds through fundraising, with one trust posting “record” levels of parental donations.

Sector leaders say the findings, based on annual accounts for some of the country’s biggest trusts, show there is a “deepening social divide” as government funding is squeezed.

Ormiston Academies Trust has received £2.7 million since April 2017 from charitable trusts and National Lottery-funded organisations.

The Harris Federation raised £1.2 million through fundraising activities last year.

The Kemnal Academies Trust, which made £193,000 from donations and charitable collections last year, has also appointed a director of enterprise to take charge of fundraising.

The David Ross Education Trust raised £180,000 in 2017-18 through events that included an awards evening “funded by donations from corporate sponsors” and a Yorkshire three-peaks challenge.

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