# Lloyds TSB Foundations to receive £37.1 million

- Link: https://fundraising.co.uk/2008/02/22/lloyds-tsb-foundations-receive-371-million/
- Published: 2008-02-22T11:27:29+00:00
- Author: Howard Lake

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. Advertisement 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 London Councils award £800,000 to stem prostitution (28 February 2008) Leap Confronting Conflict awarded £3.3 million grant from DCSF (10 March 2008) Football Foundation grants £246,128 to Crime Concern Trust (11 March 2008)