The Trustees have set a target size for The Bowman Fund of £1m.
Pledges in excess of £300,000 were received by July 2015. With receipt of formal recognition as a registered Charity in August 2015, the trustees have arranged banking facilities with Barclays Bank, accountancy support from Newby Crouch and are in contact with donors to convert pledges into cash.
An investment policy for The Bowman Fund will be published in due course once finalised.
Work is ongoing with BNCBC about how distributions from The Bowman Fund can best be used to meet their needs and the CIO's objectives.