The Foundation is a charity registered in England and Wales, number 200051.
The Foundation has a Funding Strategy.
The Trustee Board has eleven Trustees and meets six times each year to set and oversee the delivery of the Foundation’s strategy. A number of Trustee committees support the work of the Foundation throughout the year.
Audit and Risk Committee
The Audit and Risk Committee reviews and recommends to the Trustee Board systems of internal control on financial and governance issues and oversees risk management. It also reviews the draft annual report and accounts and meets with the Foundation’s external auditors.
Finance and Administration Committee
The Finance and Administration Committee reviews and recommends to the Trustee Board annual budgets, staff remuneration and benefits and oversees major property, IT, governance and other projects.
The Investment Committee formulates investment policy, oversees its implementation, manages overall asset allocation, monitors investment performance and reports to the Trustee Board.
The Nominations Committee makes recommendations to the Trustee Board on the appointment of new Trustees.
Our Annual Report lists the current membership of each Committee.
An Executive Committee takes decisions on grants up to £60,000. An Applications Committee, comprising Trustee and Executive members, takes decisions on grants up to £150,000 and social investments up to £400,000. All decisions on grants over £150,000 and social investments over £400,000 go to the Trustee Board.