The WATERFALL FUND STORY
The Waterfall Fund is an independent charity which receives the net profits from the Garmony Hydro Scheme and distributes them as grants to community projects on the islands of Mull, Iona and the surrounding small islands, in a fair, open and transparent manner.
There are ten Trustees of the Waterfall Fund, comprising of appointees from statutory positions within the local community: Local Authority Councillor, Community Councillors from Mull and Iona, General Practitioner, head teachers, church minister and bank manager plus two co-opted members of the diaspora of Mull and Iona who have strong links to the islands.
The Waterfall Fund distributes grants in accordance with a set criteria of eligibility. The funding is open to all residents, community groups and businesses within the post code areas of Mull and Iona including Ulva, Gometra, Erraid, Calve Island and Inch Kenneth, and is for the benefit of those areas only.
Please refer to our guidelines for more detailed advice about the types of projects we are looking to financially support.