History
True Volunteer Foundation was founded by Michael Padmanathan in late 2004, with the idea of giving something back to the community. It started out as a series of informal fundraising events among a network of friends and acquaintances, but has since expanded to organising both corporate and private fundraising activities on a substantial scale.
During 2005, True Volunteer Foundation became a UK registered limited company, an organisational member of the Institute of Fundraising and a member of the National Council for Voluntary Organisations. The main highlight of 2005 was the Fundraising Ball in April, which attracted 300 guests and raised in excess of £25,000. This was used to fund the construction of a children's home and three nursery schools in Sri Lanka.
In the first quarter of 2006, True Volunteer Foundation expanded its operations to include new corporate social responsibility and private wealth management programmes. True Volunteer Foundation has recently become a registered charity in the United Kingdom and was registered with the Charity Commission for England and Wales on the 19th April 2006. Now Lifecycle has become part of a larger organisation which is called True volunteer Foundation. It has charitable status, and so has become a fundraising organisation that is "feeding" itself. That is to say it is now a charity supporting itself and "partner" charities, and seems to have positioned itself as if it had a large charity status. Its web site claims support from the Royal Family and sporting personalities, and although it may be doing good works in many countries, seems to apply exaggeration and spin. True Volunteer Foundation is also split into five other categories including Greencycle, Lifecycle, and other "cycles" and "Charity Levels", incorporating very diverse objectives, as yet not apparent on the Charity Commission web pages.
Read more about this topic: LIFECYCLE Fundraising
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