Lloyds TSB Foundation announces £22.5 million income for 2005
Howard Lake | 14 March 2005 | News
The Lloyds TSB Foundation for England and Wales has announced that its income for 2005 will be £22.5 million, down slightly on 2004’s income of £22.7 million.
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 Foundations support underfunded charities that help disadvantaged and disabled people to play a fuller role in the community.
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The Foundation for England and Wales supports charities that meet social and community needs, as well as those that promote education and training for disabled and disadvantaged people. £14.6 million will be allocated to regional charities and £2.6 million to England and Wales-wide charities through the main grant-making programme, the Community Programme.
A further £1.4m is available for collaborative projects that actively encourage charities to work together to strengthen their knowledge and share good practice and resources.
£624,000 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.
Since 1987 the Foundation for England and Wales has given grants of over £165 million to over 30,000 charities.
The income to the other three Foundations is allocated as follows: Scotland £6 million; Northern Ireland £1.7 million; and Channel Islands £1 million.
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.