THE rescue package drawn up to save one of York's most prestigious charities looks set to be tied up by the end of next week.
The St William's Foundation, which has the Duke of York as its patron, was facing a financial crisis due to a drop in corporate and individual membership subscriptions.
The charity, based in College Street, York, organises the Duke of York's Community Initiative, which aims to encourage community schemes throughout Yorkshire, by giving awards to outstanding initiatives which improve community life. A rescue package has been drawn up involving a partnership with the British Urban Regeneration Association (BURA). This would involve the foundation keeping its independence, but benefiting from many of its corporate services like marketing and events organisation.
Tustees of the foundation will meet to give their approval to the plan on Thursday.
Updated: 09:57 Saturday, August 03, 2002
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