The idea behind The Light Fund was to build an industrywide charity body that would raise monies to fund worthwhile charity projects to help children, women and men. Together with a group of like-minded people from the UK licensing industry, The Light Fund committee was formed in 2004 and the fundraising commenced!
The Light Fund name is an acronym for:
Licensing Industry Giving Help Together
Licensing is a business area concerned with buying and selling of intellectual property (IP) rights. That sounds a bit pompous, however, which is far from the true ‘light’ in which to view us. The industry encompasses the licensing of entertainment properties (eg TV shows and films), personalities, sports clubs, bodies and teams, heritage brands, fmcg brands and art and design concepts. Licensing is a vibrant dynamic industry employing many fun and innovative people. Through The Light Fund this collective, creative energy is ploughed back into raising money for good causes.
Since its inception in 2004, The Light Fund has raised £1,002,500 for numerous charities and became an official registered charity in 2012. The one million pounds milestone was reached during the annual quiz night in November, you can read the official announcement here.
The Light Fund is run collectively by a group of individuals employed in the licensing industry. They give their time for free, meaning that the monies raised can go straight to the good causes.
The Light Fund committee meets at least six times a year to discuss fundraising and charity matters. In addition to the London-based committee, there is also a Northern Light Fund Committee.
Various events are held regularly throughout the year including a Southern and Northern Light Fund Quiz, a karaoke evening, golf day and summer treasure hunt.