A fund, to which property is transferred by participating charities. The capital and income is held for each charity in proportion to the value of the property transferred to the funds. All charities may join in such a scheme. (Under the Charities Act 1960 such a fund was set up in England and Wales by the Charity Commissioners; it is called Charities Official Investment Fund.)
Common Investment Fund
This entry is part of the Civil Society Glossary project, a resource of terms and definitions used when working in and with the civil society sector.