As an unincorporated trust, the Fund, as a matter of law, cannot altogether cease to exist when it closes its doors. As part of the preparations for the Fund’s planned closure, the Directors of the Fund have been very keen to ensure that if any money is donated to the Fund after its operations have ceased, this money is not lost to charity and instead continues to make a positive difference to people’s lives.
Therefore, in March 2013 The Royal Foundation of The Duke and Duchess of Cambridge and Prince Harry will take over the legal ownership of the closed Fund in order to safeguard both the Fund’s name and any further income donated to the Fund in the future.
Since 1997 the Fund, which will cease to operate in December 2012 after 15 years of grant making, has given over £100 million to charitable causes and supported more than 400 organisations in every continent across the globe.
Nick Booth, Chief Executive of The Royal Foundation of The Duke and Duchess of Cambridge and Prince Harry said:
“The Fund has carried out fantastic work over the last 15 years to continue the legacy of Diana, Princess of Wales and improve the lives of some of the most disadvantaged people in the world. We feel it is appropriate and important that The Royal Foundation becomes the legal owner of the Fund after its planned closure, to ensure both the Fund’s name is safeguarded and any future income donated to the Fund is able to be spent on charitable causes.”