Diversity Project charity on track to fill £1m funding gap left by Presidents Club

£500,000 raised so far

The Diversity Project Charity, which was set up by Dame Helena Morrissey after the Presidents Club scandal earlier this year, has said it is on course to raise £1m this year, filling the funding gap the club left after a number of charities pledged to return donations raised for them.

The charity was established to focus on raising money from the financial services industry to show it was not as seedy as the Presidents Club, which closed after an investigation revealed women working at its annual male-only fundraising dinner had been sexually harrassed. Morrissey, who is head of personal investing at LGIM, said the charity has already raised almost £500,000 from a number of fundraising events and is expected to reach £1m by the end of the year, according to the FT. All funds raised by the Diverse City events will go to charities that previously received funding fro...