The Schuh Trust to donate £3 million to the Covid-19 relief effort
Schuh is to donate £3 million to the National Emergencies Trust and the NHS Charities Together Covid-19 Appeal through the Schuh Trust.
Founded in 2011 following the acquisition of the footwear retailer by US company Genesco, the Schuh Trust has donated between £200,000 and £250,000 to a variety of causes every year since 2011.
Subscribe to TRBSpeaking on behalf of the Schuh Trust, Mark Crutchley said: “We have decided that these unprecedented times call for unprecedented action. And so, the trust will be selling off a significant chunk of assets to fund this donation, with the intention of providing critical support to people that urgently need it now, rather than at some point in the future.”
A donation of £2million will be made to the National Emergencies Trust while the NHS Charities Together Covid-19 Appeal will receive a sum of £1 million.
Following the donations, the Schuh Trust said it will continue giving to worthy causes, albeit at a lower level.
It added: “The trustees firmly believe that this is the right decision in the face of this exceptional crisis, to ensure they can offer urgent support now for those in need.”
