Charity-specific funds for charities

CAF Investment Account


These are a range of funds designed specifically for charities. You’ll be investing through fund managers who understand the market and the needs of charities.

The value of investments may fall as well as rise. You may not get back the full amount that you originally invested. Past performance is not a guide to future performance. There is no guarantee about the level of capital or income returns that will be generated.


Charity-specific funds can help charities diversify their investments, and some have cost benefits or a closer tie to ethical investing. This does depend on the fund, so make sure you choose funds that suit your needs.

What are Common Investment Funds (CIFs)?

Common Investment Funds (CIFs) are just one type of charity-specific fund. UK-based charities can invest in CIFs, which are a type of pooled investment specifically set up for charities. As charities themselves, CIFs allow charities to invest together alongside other organisations that share similar risk profiles and income needs.

CIFs can come with a number of benefits for charity investors. They can:

  • qualify for exemption from income tax and capital gains tax
  • qualify for exemption from stamp duty on the purchase of UK equities
  • help to spread risk by investing across a range of asset classes (eg equities or bonds)
  • offer low minimum investment levels
  • keep administration simple by distributing income gross of tax
  • provide reassurance to your board, as they’re regulated by the Charity Commission


The CAF Investment Account has the widest range of funds designed with charities in mind.
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The CAF Investment Account is provided to you by CAF Financial Solutions Limited (CFSL) and is operated and supplied by Winterflood Business Services. Winterflood Business Services is a registered trading name of Winterflood Securities Limited, registered in England No. 02242204. Registered Office: The Atrium Building, Cannon Bridge House, 25 Dowgate Hill, London EC4R 2GA. Member of the London Stock Exchange and NEX Exchange. Authorised and regulated by the Financial Conduct Authority (FCA register number 141455).

CAF Financial Solutions Limited (CFSL) is authorised and regulated by the Financial Conduct Authority under registration number 189450. Authorisation can be checked on the financial services register at CFSL Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA. Registered under number 2771873. CFSL is a subsidiary of Charities Aid Foundation (registered charity number 268369). Telephone calls may be monitored or recorded to comply with relevant legislation and for training purposes. Lines are open Monday to Friday 9am - 5pm (excluding English bank holidays).

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