Eligibility and verification

How does M&G know if a charity is eligible to invest?

M&G Charity Funds operate under a self-certification system whereby new investors must complete a declaration on the application form confirming their charitable status, confirmation being the insertion of their Charity Commission number, Scottish Charity Register registration number, Northern Ireland Charity Register, or HM Revenue & Customs (Charities) claims reference number.

All declarations will be subject to independent checks by HM Revenue & Customs (Charities). Additionally, non-receipt of a completed declaration within 60 days of purchase will result in the investment being void and the units will be sold. If the price of the units has fallen the charity will not get a full refund of the money it has paid. Furthermore, if the charity has received an income distribution before the holding is declared void then this will be deducted from the sale proceeds.

Under the self-certification system a charity, if it wishes, may receive accumulation units from the outset, in which case income will be automatically reinvested

Visit our forms and literature page to download the relevant forms now.

What happens if M&G does not receive a completed declaration from the charity?

M&G must receive a completed declaration from the charity within 60 days of the initial purchase, or stock transfer execution date.

If we do not receive a declaration, the investment will become void and the units will be sold at the prevailing price at that time.

If the price of the units has risen the charity will be repaid its original investment (or the cash value at point of stock transfer) and the fund will keep any balance.

If the price of the units has fallen the charity will not get a full refund of the money it has paid (or of the cash value at point of stock transfer).

In addition, if the charity has received an income distribution before the holding is declared void, this will be deducted from the sale proceeds.

What happens if potential investors can't provide the required evidence?

If you have difficulty providing the standard evidence of identity, contact the Charities Helpline on 0800 917 4472 to discuss alternative arrangements.

Lines are open between 09:00 to 17:00, Monday to Friday. All calls are free within the UK. For security purposes and to improve the quality of our service, we may record and monitor telephone calls.

What if a charity doesn't know its charity commission registration number or HM Revenue & Customs (Charities) claims reference number?

Charities in England and Wales that can’t trace their charity commission number can check the register of charities.

Charities in Scotland that can’t trace their Scottish charity number can check the Scottish charity register. Charities in Northern Ireland that can’t trace their Northern Ireland charity number can check the Northern Ireland charity register.

Charities not on the relevant charity commission register can contact HM Revenue & Customs (Charities), St John's House, Merton Road, Bootle, Merseyside, L69 9BB. Tel: 0845 302 0203.

When a charity invests over the telephone, how does it complete a declaration?

When a charity invests by telephone, M&G issues a contract note to acknowledge the deal, along with a declaration form for first time purchases.

Charities can also download a declaration form from our website to complete and return to M&G using the address shown on the application form.

The charity is required to complete this declaration form and return it to M&G within 60 days of making a new investment.

Who is eligible to invest in Charifund or Charibond?

Any charity in England, Wales, Scotland and Northern Ireland can invest in all M&G Charity Funds.

Please note, the value of the fund’s assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.