The primary areas supported are social needs; youth; education; environment; social enterprise; health care; culture and the arts; and projects that will benefit greater Bristol and its economic development.
The next deadline for submitting an application is 5pm Wednesday, 5 December 2018 for consideration at the January meeting.
Edmonds and Coles Scholarships
The Society of Merchant Venturers provides administrative support to the Edmonds and Coles Scholarships Charity. This is an education charity which provides grants and scholarships to young people. Its origins can be traced to a trust set up in 1623 by Anthony Edmonds, a Bristol Merchant and land owner.
The Edmonds and Coles Scholarships Charity makes financial awards, usually between £100 and £1,000 for any educational purpose approved by the charity’s governors. Awards may include small grants for the purchase of books or equipment needed for a course of education or training, or help with travel costs.
In 1708 Edward Colston appointed the Society of Merchant Venturers to manage the Colston’s Hospital Foundation and since then, the Society has managed a number of other trusts. By far the largest is the St Monica Trust endowment fund, currently valued at over £250 million.
Since the end of World War II part of the St Monica Trust endowment funds have been held in agricultural estates and commercial properties, which have proved to be a shrewd investment. The estates, which total about 21,000 acres, are managed by SMV’s Estates and Property Sub-Committee advised by the Land Steward as well as the commercial properties with advice from the Managing Agent.
By agreement with the Charity Commissioners, the funds of charities too small to be invested separately are held in the Society of Merchant Venturers’ Charity Investment Pool. The funds are managed by finance and investment sub-committees, which take professional advice as appropriate. For a list of managed trusts, please click here.