Why your supporters are wealthier than you expect. Course details.

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

Why your supporters are wealthier than you think... Course by Catherine Miles. Background photo of two sides of a terraced street of houses.

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

Loading

Mastodon