Standard Life to launch new charitable trust this year
Howard Lake | 18 May 2009 | News
Financial services company Standard Life plc is to establish the Standard Life Charitable Trust later this year, with an initial investment of around £5 million.
About £700,000 of this funding will come from residual funds available from a change in the way that shareholders are able to invest their cash dividend payments, with the remaining sum coming from Standard Life’s Unclaimed Assets Trust.
The Trust will be used “to enable Standard Life to continue its approach to corporate responsibility and to support Standard Life’s community investment programmes”.
Advertisement
The decision to create the trust was ratified at last week’s Annual General Meeting and announced by Standard Life’s Chairman Gerry Grimstone.
There is no information yet on when grantmaking policies will be published, so prospective applications are not being invited.
www.standardlife.com
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.