The Baltic Exchange Charitable Foundation is helping to fund Sailors’ Society's confidential helpline which offers care and support to seafarers 24/7 across the globe. Isolation, shift work, and anxiety about family back home take a harsh toll on seafarers’ mental health. They need to talk and they need someone to listen. Sailors' Society offers a seafarer-focused counselling service that’s free and 24/7. On the end of the phone is someone who can talk to them, often in their first … [Read More...] about Supporting Sailors’ Society seafarer helpline
Baltic Exchange Charitable Foundation
A beacon in stormy seas
In 2018 the three ‘Baltic Charities’ – being The Baltic Charitable Fund (BCF), incorporating the Bonno Krull Fund, The Baltic Exchange Charitable Society (BECS) and the London Shipowners and Shipbrokers Benevolent Society (LSSBS) – were all merged into one independent charitable foundation known as the Baltic Exchange Charitable Foundation (BECF), a charitable incorporated organisation (CIO).
BECF is governed by a board of trustees, of which The Baltic Exchange Council has the right to appoint 1 ex-officio trustee from their number. The Chief Financial Officer of the Baltic Exchange is automatically an ex-Officio trustee whilst in office. The remaining 10 trustees are selected volunteers, generally from the maritime world, but there is no requirement that they should be members of the Baltic Exchange.
BECF, unlike its predecessor, BECS, does not have ‘members’, but the old BECS funds are ring-fenced separately to be available to assist members of the old BECS, or their dependents should the need arise.
Though wide, the objects of BECF, for the most part, limit giving to maritime or services derived applications. Such applications are encouraged and invited.