Yorkshire Building Society Charitable Foundation passes £3m mark
Howard Lake | 6 April 2009 | News
Yorkshire Building Society Charitable Foundation has now donated over £3 million to over 7,000 charities and local good causes. Half of the total was donated by the Society’s members as part of its Small Change, Big Difference scheme.
The first Foundation cheque was awarded in 1999 and since then the number of donations has increased year on year. In 2008, 1,999 donations were made totalling over £400,000, but already in 2009 more than 600 charities and good causes have been nominated for support.
The Charitable Foundation receives most of its funding through the unique Small Change, Big Difference scheme. Through the scheme Society members donate just the pennies from the interest earned on their accounts. Society members are then invited to nominate charities and good causes to receive support. Last year over 85% of causes that received a donation were nominated by a Society member.
Louise Neill of the Charitable Foundation said: “Over 630,000 accounts currently participate in the Small Change, Big Difference scheme and this number is growing every day. Members of the scheme donate no more than 99 pence per year on an account – an average of 47p – and have the opportunity to nominate a charity or good cause to receive a much larger donation”.
www.ybs.co.uk/cf/foundation.html
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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.