# Standard Life to launch new charitable trust this year

- Link: https://fundraising.co.uk/2009/05/18/standard-life-launch-new-charitable-trust-year/
- Published: 2009-05-18T13:56:10+01:00
- Author: Howard Lake

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.

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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”.

 

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

 

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