Lloyds TSB Foundation for England and Wales secures same funding as 2011
Howard Lake | 18 April 2012 | News
Lloyds TSB Foundation for England and Wales will receive the same income for 2012 as 2011. It will receive £25.2m from Lloyds Banking Group, with which it has a nine year funding agreement, with guaranteed funding of over £50 million for the next two years.
The Foundation supports registered charities that help disadvantaged people play a fuller role in the community, with 50% of its funding weighted towards the top twenty most deprived areas.
The Foundation, which celebrated its 25th anniversary last year, has helped many charities with core costs: over the last three years, it has distributed £56.8 million through its flagship Community Programme, primarily in core costs.
Linda Kelly, Chief Executive commented: “The Foundation is one of only a handful of grant makers in England and Wales that provides support towards much needed core costs. We hope our continued approach, as a leading community funder, will help to provide the much needed support and core funding for charities working with the most disadvantaged within our society.”
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.