The Charity Commission for England and Wales has concluded its statutory inquiry into Effective Ventures Foundation UK (EVF UK), which was originally launched in 2023 following the collapse of FTX. The full report on the inquiry can be found here, and the Commission's press release on the inquiry can be found here. The inquiry's scope was to examine: The extent of any risk to EVF's assets. The extent to which the trustees were complying with their legal obligations to protect the charity's property The governance and administration of the charity by the trustees.[1] We are pleased that “the inquiry found that the trustees took appropriate steps to protect the charity's funds and complied with their legal duties acting diligently and quickly following the collapse of FTX.” The Commission's report notes the full cooperation of EVF's trustees and that they “sought to act in the charity's best interests.” Although [...] The original text contained 1 footnote which was omitted from this narration. ---
First published:
May 22nd, 2024

Source:
https://forum.effectivealtruism.org/posts/gGadLX9Dc7XPqLhZc/the-charity-commission-has-concluded-its-inquiry-into
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