Windfall Inheritance and Almshouse Eligibility
I would be interested to hear how other almshouse charities approach the situation where an existing resident receives a substantial windfall, for example an inheritance of around £100,000 or a property.
Assume that, had the individual applied with those assets at the outset, they would not have met the charity’s financial eligibility criteria. In such circumstances, do you reassess their position and invite them to leave, or do you take the view that eligibility applies only at the point of admission?
If you do review their status, is there a formal policy which sets thresholds or timescales, or is this considered on a case by case basis? For example, might you allow continued residence but increase the maintenance contribution, or expect the resident to make alternative housing arrangements within a defined period?
I am particularly interested in how trustees balance fairness to other applicants in need, compliance with the governing document, and the pastoral responsibility towards an existing resident whose circumstances have changed unexpectedly.
Any examples of policy wording or practical experience would be very helpful.