Benefact Trust Limited (formerly Allchurches Trust Limited) is an independent registered charity established in 1972, which seeks to promote the Christian faith and other charitable purposes. The charity is incorporated as a company limited by guarantee with a membership body. The Trust was originally founded by Ecclesiastical Insurance Office plc (EIO) to preserve the independence of that company and to ensure that EIO’s founding principles, to protect the Anglican Church and return profits to the Church’s and other charitable work, were safeguarded.
Since its incorporation, the activities of the Trust have remained the promotion of the Christian religion and values, providing a broad range of grants to Anglican churches, churches of other Christian denominations and charitable organisations with an emphasis on heritage, supporting those in need and strengthening communities. Through its grant programmes, the Trust aims to make a positive difference to people’s lives. Benefact Trust is the charitable owner of the Benefact Group and largely derives its income from its trading subsidiaries, and in particular Ecclesiastical Insurance Office plc. In addition, the Trust receives donations from Methodist Insurance PLC (which are designated by the Trustees to support the Methodist Church) and investment income generated from the charity’s Expendable Endowment Fund. The Trust does not fund-raise.
The Trust is a major grant funder and in 2021, it donated £19.3m in support of Christian churches and charities, compared with £23.3m in 2020. The 2020 donation reflected the Trust’s response to the coronavirus pandemic and the desire to help beneficiaries respond to the emerging challenges. Over the past five years the Trust has given over £100m in grants and these are used to benefit people of all religions denominations and none.