# Four Lloyds TSB Foundations to share £29 million from Lloyds Banking Group

- Link: https://fundraising.co.uk/2013/03/05/four-lloyds-tsb-foundations-share-29m-lloyds-banking-group/
- Published: 2013-03-05T14:28:11+00:00
- Author: Howard Lake

Lloyds Banking Group is to grant £29,227,920 to the four Lloyds TSB Foundations 
for 2013. The money is the annual funding paid to the foundations under a Deed of
Covenant by the Group. This is the only funding that they receive.

The funding will be split as follows:

 *  Lloyds TSB Foundation for **England and Wales**: £25,242,000
     
 *  Bank of **Scotland** Foundation: £1,038,920
     
 *  Lloyds TSB Foundation for **Northern Ireland**: £1,872,500
     
 *  Lloyds TSB Foundation for the **Channel Islands**: £1,074,500

The Lloyds Banking Group's investment has remained the same for the past four years.
From 2014, as previouisly announced, Bank of Scotland Foundation will receive a 
further £1 million each year.

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The Foundations provide funds for local, regional and national charities across 
the UK, helping them make a significant difference to the lives of people within
their local communities.

Graham Lindsay, Group Director, Responsible Business, Lloyds Banking Group, said:"
Lloyds Banking Group's support and commitment to the four separate Foundations is
deeply rooted and unwavering. The Foundations play an essential role in our society
and, between them, help some of the most vulnerable people within our communities".

## Matched Giving Scheme

The Foundations also manage a Matched Giving Scheme for Lloyds Banking Group employees
across the UK. This enables employees to claim £1,000 per calendar year – £500 a
year to match funds raised for registered charities that meet the Scheme's eligibility
criteria, plus up to £500 a year (at a rate of £8 per hour) for time spent volunteering
for eligible charities.

In 2012, there were over 6,100 claims from colleagues and charities shared almost
£2.4 million of Matched Giving from the four Foundations.

www.lloydstsbfoundations.org.uk