We aim to improve life chances of disadvantaged and often marginalised groups. We do this by supporting UK registered charities that work to tackle disadvantage, mainly in the fields of housing, education, welfare and social mobility. We make grants to a range of projects in support of young people, people with mental health problems, homeless people and others suffering disadvantage.
We actively engage and understand the organisations we support and our trustees always visit the programmes supported by our Strategic grants.
We assess the impact of our support for charities by agreeing the anticipated outcomes with the organisations while receiving regular reports from them on their work and evaluating the impact of the programme at its conclusion.
Our priority for funding charities that work with children and young people is to increase life chances by developing life skills, emotional resilience and mental well-being and by promoting social mobility.
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Our priority for funding charities that work with homeless people is to support services that help people out of homelessness, by providing for immediate needs and long term accommodation and rehabilitation.
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Our priority for funding charities that work to improve social mobility is to support those making practical improvements, primarily in the motivation, education, skills and training of disadvantaged people of all ages and backgrounds.
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Our priority for funding charities that work for hospices, Armed services personnel and other welfare is to support excellent care and good quality accommodation and to provide information so that people know what benefits they are entitled to receive.
View grant recipientsWe aim to hold 5% of our overall asset allocation in social investments. We intend to do this by way of Programme Related Investments (PRIs) in charitable organisations for specific (often property related) projects. PRIs are made exclusively to further our charitable objects by funding specific activities of a third party which, in turn, contribute to our own charitable purposes. These investments aim to achieve a social impact while intended to be repayable with interest and/or a return of capital to the Charity at the end of the term.
Provided we have satisfied ourselves that the proposed arrangement may be treated as a PRI and falls within the social sectors supported by the Charity, we will have broad discretion regarding the nature of investment.
We may invest in any form of legal entity (e.g. a housing association, a charity, a community interest company, a private company, an investment fund etc) and the investment may take the form of:
Great Britain and Northern Ireland.
In procedural terms, when deciding to make a PRI we would satisfy ourselves in each case that:
In procedural terms, when deciding to make a PRI we would satisfy ourselves in each case that:
Provided we have satisfied ourselves that the proposed arrangement may be treated as a PRI and falls within the social sectors supported by the Charity we will have broad discretion regarding the nature of investment.
We may invest in any form of legal entity (e.g. a housing association, a charity, a community interest company, a private company, an investment fund etc) and the investment may take the form of:
Great Britain and Northern Ireland.
In procedural terms, when deciding to make a PRI we would satisfy ourselves in each case that:
In procedural terms, when deciding to make a PRI we would satisfy ourselves in each case that: