Royal Automobile Club Foundation
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Royal Automobile Club Foundation
The RAC Foundation (Royal Automobile Club Foundation for Motoring) is a British pro-motoring think tank and registered charity. History The RAC Foundation was established as the research arm of RAC Motoring Services Ltd in 1991, when Motoring Services was owned by the Royal Automobile Club The Royal Automobile Club is a British private Club (organization)#Country or sports club, social and athletic club. It has two clubhouses: one in London at 89 Pall Mall, London, Pall Mall, and the other in the countryside at Woodcote Park, ne .... In 1999, when Motoring Services was sold, the foundation became an independent organisation and received a legacy from the members of the RAC. It later gained charitable status. Organisation The Foundation has a board of six trustees and a Public Policy Committee of 14 members. Neville Jackson is the chair of both the trustee board and the Public Policy Committee. The day-to-day running of the Foundation is managed by the director, currently ...
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Think Tank
A think tank, or public policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental organizations, but some are semi-autonomous agencies within a government, and some are associated with particular political parties, businesses, or the military. Think tanks are often funded by individual donations, with many also accepting government grants. Think tanks publish articles and studies, and sometimes draft legislation on particular matters of policy or society. This information is then used by governments, businesses, media organizations, social movements, or other interest groups. Think tanks range from those associated with highly academic or scholarly activities to those that are overtly ideological and pushing for particular policies, with a wide range among them in terms of the quality of their research. Later gener ...
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Charitable Organization
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, Religion, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The Charity regulators, regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership. Financial figures (e.g. tax refunds, revenue from fundraising, revenue from the sale of goods and services or revenue from investment, and funds held in reserve) are indicators to assess the financial sustainability of a charity, especiall ...
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RAC Plc
RAC Limited, called The RAC, is a British automotive services company headquartered in Walsall, West Midlands. Its principal services are roadside assistance and general insurance, and its subsidiaries include RAC Motoring Services Ltd, RAC Financial Services Ltd and RAC Insurance Limited. It was a private club owned by its members until sold in 1999, eventually acquired in 2014 and 2015 by GIC Private Limited and CVC Capital Partners. The RAC's main competitors are The AA and Green Flag. History The Royal Automobile Club was formed in 1897 by Frederick Richard Simms, which set up an "associate section" to provide members roadside assistance and motoring services. The club incorporated the associate section as R.A.C. Motoring Services Ltd. in 1978. In 1987, the organisation introduced an "Advanced Computer Aided Rescue System". In 1991, it established the RAC Foundation as its research arm. The RAC Foundation was later turned into a charity, and received a legacy fro ...
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Royal Automobile Club
The Royal Automobile Club is a British private Club (organization)#Country or sports club, social and athletic club. It has two clubhouses: one in London at 89 Pall Mall, London, Pall Mall, and the other in the countryside at Woodcote Park, near Epsom in Surrey. Both provide accommodation and a range of dining and sporting facilities. It is best-known for establishing the roadside assistance service RAC Limited, though this is no longer owned by the club. History It was founded on 10 August 1897, with the name Automobile Club of Great Britain (which was later changed to Automobile Club of Great Britain and Ireland). The headquarters was originally in a block of flats at 4 Whitehall Court, before moving to 119 Piccadilly in 1902. In 1902, the organisation, together with the recently formed Society of Motor Manufacturers and Traders, Association of Motor Manufactures and Traders, campaigned vigorously for the relaxation of speed limits, claiming that the 14 mph speed li ...
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Wolfson Economics Prize
The Wolfson Economics Prize is a £250,000 economics prize, the second largest economics prize in the world after Nobel. The Wolfson Prize is sponsored by The Baron Wolfson of Aspley Guise, CEO of retailer Next plc, and run in partnership with the think tank Policy Exchange. The Prize invites new thinking to address major economic policy issues that aren't already subject to significant public discourse. The Prize has been run on four occasions in 2012, 2014, 2017 and 2021. The 2012 Prize was a contest for proposals on how the Eurozone could be safely dismantled. The contest ended on 5 July 2012, when the Capital Economics team, led by Roger Bootle, won the prize. The 2014 Prize asked the question "How would you deliver a new Garden City which is visionary, economically viable, and popular?” It was won by David Rudlin of urban design consultancy, URBED. The question for the 2017 Wolfson Economics Prize was "How can we pay for better, safer, more reliable roads in a way th ...
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Automobile Associations In The United Kingdom
A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, people rather than cargo. There are around one billion cars in use worldwide. The French inventor Nicolas-Joseph Cugnot built the first steam-powered road vehicle in 1769, while the Swiss inventor François Isaac de Rivaz designed and constructed the first internal combustion-powered automobile in 1808. The modern car—a practical, marketable automobile for everyday use—was invented in 1886, when the German inventor Carl Benz patented his Benz Patent-Motorwagen. Commercial cars became widely available during the 20th century. The 1901 Oldsmobile Curved Dash and the 1908 Ford Model T, both American cars, are widely considered the first mass-produced and mass-affordable cars, respectively. Cars were rapidly adopted in the US, where they replac ...
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