Lobbying group Generation Rent will go under unless it manages to raise enough money from supporters by the end of August.
The group says it “unexpectedly” has only two months of funding left.
A spokesperson for Generation Rent confirmed to EYE this was after Nationwide Foundation withdrew its support.
In 2013, Nationwide Foundation gave a grant of £725,000 which it said on its website was to cover three years’ worth of business development and salaries.
Nationwide Foundation was set up by the mortgage lender, and operates independently, although eyebrows were raised at the time as to the choice of beneficiary which has often been a thorn in the flesh of private landlords and letting agents.
Generation Rent, which has made its voice heard on a number of issues including letting agent fees and rent controls, says it needs to raise £60,000 by August 31.
This would allow it to continue its work empowering renters, while “applying for grants and building a sustainable organisation”.
It says that if it does not raise enough money within the next month, “there is a real danger that the campaign will simply vanish, and with it the national voice of private renters in the media and political debate”.
Another option, should it fail to hit target, is to lay off staff but keep the campaign as a volunteer-run organisation.
By yesterday, Generation Rent had raised £5,802 towards its £60,000 target.
EYE has asked Nationwide for a comment.
Generation Rent’s campaign is on a crowdfunding site called People Republic.