Lloyds TSB Foundations to receive £37.1 million

Howard Lake | 22 February 2008 | News

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The four Lloyds TSB Foundations across the UK will receive £37.1 million this year from the Lloyds TSB Group. The money will be used to benefit charities that support disadvantaged people and community groups across the UK.

The Lloyds TSB Foundations, independent of the bank, receive one per cent of the Lloyds TSB Group’s pre-tax profits, averaged over three years, in lieu of shareholder dividend to distribute to local charities throughout the UK.

The four Foundations together form one of the largest grant-making trusts in the UK and have distributed over £330 million since 1987.

The 2008 fund will be allocated as follows:

• Lloyds TSB Foundation for England and Wales – £26.8 million
• Lloyds TSB Foundation for Scotland – £7.2 million
  
• Lloyds TSB Foundation for Northern Ireland – £2.0 million
  
• Lloyds TSB Foundation for the Channel Islands – £1.1 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.