# Lloyds TSB Foundation announces its income for 2004

- Link: https://fundraising.co.uk/2004/03/11/lloyds-tsb-foundation-announces-its-income-2004/
- Published: 2004-03-11T00:00:00+00:00
- Author: Howard Lake

**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.”

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