North Staffordshire multi-millionaire and philanthropist Mo Chaudry has launched a new trust fund to help good causes generally – and sporting organisations in particular. It’s believed to be Staffordshire’s biggest fund for such causes, that’s been created by a private individual.
The 49 year old entrepreneur, who has a number of business interests in the region, became well known nationally in the leisure market, after taking over Waterworld on Hanley’s Festival Park. He also gained national prominence after appearing on Channel 4’s Secret Millionaire.
Mr Chaudry, who’s passionate about sport – and in particular Cricket – decided to start the fund after he heard that Government match funding was available to anyone who started a permanent endowment fund for the benefit of the community. A permanent endowment fund is where money is professionally invested on the stock market and the dividends paid out are used for grants.
Mo told this publication “North Staffordshire has a history of cultivating top sporting talent. Whether it be the likes of World Squash Champion, Angela Smith, England Hockey Olympic Gold medallist, Imran Sherwani or England Cricketer, Dominic Cork, I want to help ensure this excellent reputation continues. As this fund is permanent, it’ll not only outlive me, but I expect it to make a significant difference to future sport across North Staffordshire for generations to come”
The fund is being run by The Staffordshire Community Foundation, which encourages individuals and companies to give back to communities in a way that’ll ensure long-term benefit. It’s chief executive, Terry Walsh, said “we’re very pleased to have Mo Chaudry on Board. We hope he’ll be the first of many who passionately care about the area, to show it in a way that’ll ensure help will always be available for North Staffordshire’s future generations.” The fund will begin paying out grants early in 2011.
Notes to editors:
• Up until March 31st 2011, anyone who starts a permanent endowment fund for the benefit of Community Groups in Staffordshire may be eligible for 50% match funding from the Government’s Grassroots initiative. To qualify, the fund has to be run by The Staffordshire Community Foundation. Details can be obtained from it’s CEO Terry Walsh on 01782-683000.
• Mo Chaudry is available for photo opportunities and more detailed quotes.
on 01782 255024/205747 or mobile 07845533595


