# Yorkshire Building Society Charitable Foundation passes £3 million mark

- Link: https://fundraising.co.uk/2009/04/06/yorkshire-building-society-charitable-foundation-passes-3m-mark/
- Published: 2009-04-06T15:56:13+01:00
- Author: Howard Lake

**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.

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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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