Lloyds TSB Foundation for England and Wales' income to remain at £25.2m for three years
Howard Lake | 21 March 2011 | News
Lloyds TSB Foundation for England and Wales reports that its income for 2011 will be £25.2 million and that this level of funding will be sustained throughout 2012 and 2013.
The charity, which helps disadvantaged people play a fuller role in the community, has over the last three years provided support in over 97% of local authorities across England and Wales. Of this funding, 49% was weighted towards the top 20 most deprived areas.
Since it was established 25 years ago, the Foundation has granted £297 million to 42,000 charities. Over the last three years £56.8 million has been invested in the flagship community programme, primarily in core costs.
As well as helping charities to maintain, expand or improve their core services, the funding helped 30% of recipient organisations to secure additional funding from other sources.
Linda Kelly, Chief Executive said: “We hope our continued approach, as a leading community funder, will help provide the much needed support and core funding charities need to continue their vital work with our society’s most disadvantaged people and communities.”
www.lloydstsbfoundations.org.uk
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.