Lloyds TSB Foundation announces its income for 2004
Howard Lake | 11 March 2004 | News
The Lloyds TSB Foundation for England and Wales has announced its income for 2004 as £22.7 million.
The Foundation supports charities that meet social and community needs, as well as those that promote education and training for disabled and disadvantaged people. Of this income, £14.7 million will be allocated to regional groups and £2.6 million to England and Wales-wide groups through the main grant-making programme, the Community Programme. A further £1.7 million is available for collaborative projects that actively encourage charities to work together to strengthen their knowledge and share good practice and resources. In addition £690,000 is also set aside for new initiatives – innovative developmental projects where there is a clear intention to extend successfully piloted work across England and Wales as a whole.
The four independent Lloyds TSB Foundations, which also include Scotland, Northern Ireland and the Channel Islands, are amongst the largest grant-making trusts in the UK and receive one per cent of the Lloyds TSB Group’s pre-tax profits averaged over three years, in lieu of their shareholder dividend. The money will go to underfunded charities that help disadvantaged and disabled people to play a fuller role in the community.
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The income to the four Foundations is allocated in the following manner: England and Wales £22.7 million; Scotland £6.1 million; Northern Ireland £1.7 million; and Channel Islands £0.97 million.
Kathleen Duncan, Director General for Lloyds TSB Foundation for England and Wales said: “We are pleased that despite difficult economic times the Foundation will continue to have a substantial income to assist grass-roots charities. Since 1997 the Foundation for England and Wales has donated over £130 million to help people in local communities.”
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.