LOW interest rates are forcing a south-west charity to plead for more donations.
Up to $2 million is sitting in the trust accounts of the South West Community Foundation — but that could be going backwards.
“Interest rates are lower than what we need to sustain the fund,” executive officer Linda Grant said. “If we had all of our money just in bank accounts we would be struggling to grow. It would potentially be going backwards compared to inflation.”
“The best way for the foundation to continue making a real and positive difference in the local community is for local residents to continue showing their support.”
The charity has divvied out more than $68,000 in the past year to local organisations.
“However, we need donations to keep coming in to grow the fund,” Ms Grant said. The organisation is seeing four times as many requests for grants as it has previously.