# Lloyds TSB Foundation announces £22.5 million income for 2005

- Link: https://fundraising.co.uk/2005/03/14/lloyds-tsb-foundation-announces-225-million-income-2005/
- Published: 2005-03-14T00:00:00+00:00
- Author: Howard Lake

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.

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.

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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.

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