Governance

The Foundation is a charity registered in England and Wales, number 200051. 

The Foundation has a Strategic Plan 2011- 2013 which outlines its overall strategy.

The Foundation’s primary interests are the arts, education and learning, the environment and social change.  See our Sectors and Strands.

Trustee Board

The Trustee Board has ten 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 Committee

The Audit Committee reviews and recommends to the Trustee Board systems of internal control on financial, governance and operational risks.  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.

Investment Committee

The Investment Committee formulates investment policy, oversees its implementation, manages overall asset allocation, monitors investment performance and reports to the Trustee Board.

Nominations Committee

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.

Funding decisions

A Small Applications Committee comprising members of the executive takes decisions on Main Fund grants up to £30,000.  An Applications Committee, comprising Trustee and executive members, takes decisions on Main Fund grants up to £120,000.  All decisions on Main Fund grants over £120,000 go to the Trustee Board.  The Board allocates budgets and delegates decision-making on the Foundation’s other funding programmes to Strand Panels which report to the Trustee Board. All strand grants over £150,000 go to the Trustee Board.  Finance Fund investments in excess of £1 million are referred by the Finance Fund Panel to the Trustee Board.