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Lloyds TSB Foundation's income increases by 10%

Lloyds TSB Foundation's income increases by 10%

The Lloyds TSB Foundation for England and Wales has announced its income for 2006 as £24.8 million, up from £22.5 million in 2004.

The Lloyds TSB Foundations make up one of the largest grant-making trusts in the UK and support charities that enable people, especially those who are disadvantaged or disabled, to play a fuller role in the community. The Foundations’ focus is on funding social and community projects as well as education and training initiatives. Since 1987, when the Foundations were formed, they have made grants totalling over £275 million.

In 2006, the four independent Lloyds TSB Foundations in the UK will have a total of £34.45m available to make grants to charities. England and Wales will receive £24.8m and Scotland £6.7m; Northern Ireland will receive £1.8m and the Channel Islands will benefit from £1.1m.

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