Lloyds TSB Foundation Northern Ireland has changed its criteria to exclude organisations with an income over £1 million.
The Foundation said it was taking this action because the increasing number of applications were making the decision making process more difficult. In addition, the Foundation said they were keen to ensure they stay in line with their overall aim, ‘to support under funded charities’. It stated that this new eligibility criteria will stay in place for the foreseeable future and there will be no change in other guidelines. Lloyds TSB’s average grant is between £3,000 and £4,000.
This is not the first time in recent years the Foundation has changed its criteria. Two years ago it announced that it was reducing its top grant level to £5,000 and only considering support for charities with a turnover of under £250,000. This restriction was lifted last year.
The next application deadline for the Foundation is 8 July 2011.
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