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Lloyds TSB Foundation grants £3.8m to 141 charities

Lloyds TSB Foundation grants £3.8m to 141 charities

The Lloyds TSB Foundation for and Wales has announced grants worth £3.8 million to 141 organisations as part of its Community programme which supports small and medium underfunded charities that help disadvantaged people play a fuller role in their community.

Over 75% of the Lloyds TSB Foundation grants will support the salary costs of new or existing staff, allowing small and medium charities to continue providing core services to vulnerable individuals.

Linda Kelly, chief executive for the Lloyds TSB Foundation for England and Wales said: “The quality of applications during this round was very impressive. We are particularly interested in charities working to improve disadvantaged people’s social and community involvement, provide them with better life chances or help them to be heard.

“The successful charities have shown that their work will deliver significant changes and benefits for their users.”

The four independent Lloyds TSB Foundations cover England and Wales, Scotland, Northern Ireland and the Channel Islands. They receive a share of one per cent of Lloyds TSB Group’s pre-tax profits, averaged over three years, in lieu of their shareholder dividend. The Foundation for England and Wales received £26.8 million in 2008.

www.lloydstsbfoundations.org.uk

Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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