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This section explores Trusts and Foundations – organisations which are commonly registered charities, although they don’t have to be, whose primary purpose is charitable grantmaking. They range from very small trusts, sometimes created in memory of someone, to some of the largest grantmakers in the country like Wellcome Trust.
Trusts and Foundations are broken down into the following segments:
Family foundation – Foundations funded principally by the personal gift of an individual donor, family or business, whether they have a living family member on the Board or not.
Wellcome Trust – Has its origins as a family foundation but is so large that it is included as a segment of its own to avoid distorting the overall picture.
Corporate foundation – Charitable foundations set up by businesses with funding from endowments, annual covenants, or gifts.
Member/Trade Funded organisation – Foundations funded by industry or trade bodies and members, including Livery Companies.
Fundraising grantmaker – Organisations who raise money from the public in order to make grants, often through specific appeals or as place-based/thematic giving schemes.
Community foundation – Public charity that typically focuses on supporting a geographic area, primarily by facilitating and pooling donations that can be used to address community needs.
Government/Lottery Endowed trust – Foundations established by the government or National Lottery distributors, but independent of them.
General foundation – Other trusts and foundations.
Trusts and Foundations represent the vast majority (91%) of known organisations in the overall profile of UKGrantmaking and over one third of the overall grant amounts distributed – but within this, there is a great deal of diversity in the size and types of organisations and the nature of grants made.
Trusts and Foundations summary
Segment
Number of grantmakers
2023-24 Grantmaking Spending (£m)
2022-23 Grantmaking Spending (£m)
Percentage Change
General Foundation
10,215
2,823.7
2,329.0
6%
Family Foundation
293
2,140.4
1,953.1
10%
Wellcome Trust
1
1,214.1
967.3
26%
Corporate Foundation
166
964.7
771.1
25%
Fundraising Grantmaker
1,508
396.5
355.8
6%
Member/Trade Funded
522
376.9
369.6
0%
Community Foundation
49
196.5
177.0
11%
Government/Lottery Endowed
12
128.0
112.7
14%
Trusts & foundations Total
12,766
8,240.8
7,035.6
12%
Total excluding Wellcome Trust
12,765
7,026.7
6,068.3
10%
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
Excludes Fantastic Peach Foundation UK, which had grant spending of £28m in 2023-24 but is a time-limited foundation transferring to a Donor-Advised Fund so would skew trends if included for just one year.
Family foundations have been funded principally by the personal gift of an individual donor, family members or a family business, whether they have a living family member on the Board or not. 314 family foundations were identified – although there may be more, as organisations with low levels of grantmaking were not investigated individually and are included in the ‘general foundation’ segment. We have focused on the 100 organisations with the largest amount of grantmaking, and where more information is available about the organisations. These organisations represent 92% of the total family foundations’ grantmaking spend.
Largest 100 family foundations summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
1,966.2
1,747.9
12
Income (£m)
1,665.4
1,528.2
9
Expenditure (£m)
2,065.9
1,957.9
6
Net Assets (£m)
35,713.2
32,490.0
10
Employees
2,118.0
2,037.0
5
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
Figures for Arcadia and Julia Rausing Trust include grantmaking but exclude income, expenditure and assets as they are not independently registered and data is not available.
Excludes Fantastic Peach Foundation UK, which had grant spending of £28m in 2023-24 but is a time-limited foundation transferring to a Donor-Advised Fund so would skew trends if included for just one year.
Total grantmaking of the 100 largest family foundations increased by 12% overall – but this was not universal across organisations.
56 funders increased their grantmaking by over 5%, most significantly the four largest family foundations – Children’s Investment Fund, CH Foundation, Arcadia, and Leverhulme Trust – increased grantmaking by over £200m between them. One foundation had a significant decrease, Gatsby Charitable Foundation, which decreased by £75m as it is in the process of spending out.
There are 13 foundations entering the largest 100 family foundations list this year, with the threshold for entering the list increasing from £2.9m to £3.1m.
Investment income is no longer a useful metric for family foundations now that more have moved to a Total Return investment approach and there is a blurred line between income and endowments. As well as general increases in income from investments and donations, there were significant contributions to Rosetrees (£93m additional donations above the previous year), CH Foundation (additional donations of £74m) and Moondance Foundation (additional £54m) which contributed to the higher overall increase. Only one had a decrease in income of over £50m and that was Sigrid Rausing Trust, where significant donations had been made in 2022-23.
Read more about Total Return investments and why investment income is no longer a good predictor of grantmaking.
Similarly, changes to net assets varied significantly in the group with Garfield Weston Foundation increasing by over £1.8bn, Children’s Investment Foundation by over £400m, Denise Coates Foundation by over £200m and Robertson Trust and Moondance Foundation by over £100m. One funder, Leverhulme Trust, reported a decrease in assets by over £100m.
Largest 100 family foundations by grantmaking spend
2023-24 and previous year
Rank 2023-24
Name
2023-24 Grantmaking Spending (£m)
2023-24 Net Assets (£m)
2023-24 Employees
Rank 2022-23
2022-23 Grantmaking Spending (£m)
1
Children's Investment Fund Foundation (UK)
439.0
4,516.8
211
1
397.0
2
CH Foundation (UK)
139.6
40.3
0
5
69.7
3
Arcadia
133.3
0.0
0
7
39.6
4
Leverhulme Trust
128.5
3,438.5
17
3
103.5
5
Garfield Weston Foundation
99.4
10,126.8
0
4
89.5
6
Julia Rausing Trust
68.0
0.0
0
12
34.4
7
Gatsby Charitable Foundation
59.8
520.3
11
2
134.5
8
Esmée Fairbairn Foundation
58.0
1,242.2
39
11
36.9
9
Paul Hamlyn Foundation
56.9
861.1
48
9
39.1
10
Sigrid Rausing Trust
51.9
265.7
28
8
39.4
11
Wolfson Foundation
45.3
948.1
12
10
38.1
12
Robertson Trust
29.3
848.0
53
19
19.1
13
This Day Foundation
24.8
18.0
0
18
19.1
14
Pears Foundation
23.6
29.0
7
14
23.6
15
Lempriere Pringle 2015
23.2
30.6
0
15
22.3
16
Moondance Foundation
22.6
539.3
1
16
20.9
17
The Rhodes Trust
20.4
511.5
130
21
16.8
18
Joseph Rowntree Charitable Trust
20.0
278.8
26
26
14.1
19
Tudor Trust
15.8
231.2
20
17
20.4
20
Keren Association Limited
13.2
1.8
0
32
11.7
21
Khodorkovsky Foundation
13.1
602.8
0
28
13.5
22
Waterloo Foundation
12.7
212.1
10
34
10.6
23
Denise Coates Foundation
11.3
942.3
0
33
11.0
24
Steve Morgan Foundation
11.1
270.0
4
25
14.2
25
Michael Uren Foundation
11.0
205.7
0
6
53.3
26
Nuffield Foundation
10.4
488.5
90
31
12.9
27
Souter Charitable Trust
10.4
116.2
0
36
9.9
28
Gerald and Gail Ronson Family Foundation
10.4
471.6
3
35
10.1
29
Huo Family Foundation
10.2
163.8
0
57
5.8
30
Mohn Westlake Foundation
9.5
9.6
0
27
13.6
31
Joseph Rowntree Foundation
9.4
547.4
605
69
5.2
32
Linbury Trust
8.9
141.3
9
60
5.7
33
Christian Vision
8.9
428.4
300
37
8.4
34
Rank Foundation Limited
8.7
275.1
40
23
16.1
35
Laidlaw Foundation
8.6
-3.5
3
51
6.5
36
Law Family Charitable Foundation
8.5
72.6
0
13
30.4
37
Jack Petchey Foundation
8.4
2.3
20
44
7.4
38
Liz and Terry Bramall Foundation
8.3
107.9
0
65
5.4
39
Becht Foundation
7.7
362.8
2
41
7.8
40
Thompson Family Charitable Trust
7.7
82.0
0
24
14.3
41
Rosetrees
7.7
124.6
9
45
7.3
42
Albert Hunt Trust
7.5
46.9
1
46
7.2
43
John Armitage Charitable Trust
7.4
210.6
1
68
5.3
44
Stone Family Foundation
7.3
47.9
5
56
5.9
45
Prudence Trust
7.1
196.9
4
50
6.6
46
Rothschild Foundation
6.9
773.2
202
38
8.3
47
Charles Wolfson Charitable Trust
6.9
41.7
0
67
5.3
48
Dunhill Medical Trust
6.6
164.2
6
125
2.2
49
Said Foundation
6.5
43.1
5
118
2.6
50
Stewards Company Ltd
6.4
158.5
5
58
5.7
51
A B Charitable Trust
6.4
1.9
7
59
5.7
52
Helen Hamlyn Trust
6.3
3.9
3
133
2.0
53
Allan & Gill Gray Philanthropy
6.1
0.9
0
62
5.5
54
Dunard Fund
6.1
61.0
0
152
1.3
55
Samworth Foundation
6.1
63.3
3
70
5.2
56
Westminster Foundation
6.1
151.5
0
48
6.7
57
Rothschild Foundation (Hanadiv) Europe
6.0
127.7
6
49
6.7
58
Bernard Lewis Family Charitable Trust
5.9
4.9
1
73
5.0
59
Monday Charitable Trust
5.9
96.1
0
190
0.5
60
Mittal Foundation
5.8
5.7
0
22
16.3
61
Headley Trust
5.7
71.6
10
64
5.5
62
Backstage Trust
5.6
20.9
0
84
4.1
63
Calleva Foundation
5.6
8.9
0
20
17.3
64
Clore Duffield Foundation
5.5
69.6
2
89
3.7
65
29th May 1961 Charity
5.3
131.1
0
81
4.3
66
M and R Gross Charities Limited
5.2
48.1
0
80
4.4
67
John Ellerman Foundation
5.2
151.4
6
52
6.2
68
The Prince of Wales's Charitable Foundation
4.9
9.3
33
71
5.1
69
Northwood Charitable Trust
4.9
102.0
0
77
4.8
70
Gaudio Family Foundation
4.8
60.7
0
54
6.0
71
Kusuma Trust UK
4.8
496.5
7
61
5.6
72
Jerusalem Trust
4.8
114.4
8
95
3.4
73
Raphael Freshwater Memorial Association
4.8
102.9
0
66
5.4
74
Mike Gooley Trailfinders Charity
4.7
28.3
0
53
6.0
75
Maurice Wohl Charitable Foundation
4.5
73.3
4
39
7.9
76
Holywood Trust
4.4
73.0
0
90
3.5
77
Bernard Sunley Foundation
4.4
172.4
3
83
4.2
78
Hadley Trust
4.3
345.6
3
93
3.5
79
Eveson Charitable Trust
4.3
106.3
3
63
5.5
80
Maurice and Vivienne Wohl Philanthropic Foundation
4.1
82.1
5
76
4.8
81
Elma Foundation (UK)
4.1
5.4
0
75
4.9
82
Issa Foundation
4.0
20.8
20
40
7.8
83
David & Ruth Lewis Family Charitable Trust
3.9
24.8
0
124
2.2
84
Stelios Philanthropic Foundation
3.8
31.8
4
150
1.4
85
Barrow Cadbury Trust
3.7
93.8
18
79
4.5
86
Gannochy Trust
3.6
207.2
0
42
7.5
87
Rachel Charitable Trust
3.6
25.5
0
112
2.7
88
Blagrave Trust
3.6
39.8
8
94
3.4
89
Coldstones Charitable Trust
3.5
11.6
0
143
1.6
90
Zochonis Charitable Trust
3.5
56.9
1
82
4.2
91
Indigo Trust
3.4
13.4
6
121
2.3
92
Sir Jules Thorn Charitable Trust
3.4
111.9
4
96
3.3
93
Sam and Bella Sebba Charitable Foundation
3.4
54.3
3
88
3.8
94
Asfari Foundation
3.4
16.5
6
116
2.6
95
Haddad Foundation
3.2
41.5
0
74
5.0
96
Shlomo Memorial Fund Limited
3.2
68.9
8
109
2.8
97
Volant Charitable Trust
3.1
74.0
0
115
2.6
98
Mayfair Charities Limited
3.1
83.2
0
87
3.8
99
Gosling Foundation Limited
3.1
182.7
2
92
3.5
100
Thirty Percy Foundation
3.1
9.6
7
86
3.8
Source: 360Giving analysis of data from charity regulators and charity accounts.
Excludes Fantastic Peach Foundation UK, which had grant spending of £28m in 2023-24 but is a time-limited foundation transferring to a Donor-Advised Fund so would skew trends if included for just one year.
It should be noted that Wellcome Trust is technically a family foundation but has been recorded separately due to its large scale, with net assets worth almost as much as the largest 100 family foundations put together, distorting underlying trends. Wellcome Trust saw larger increases in grantmaking than the other largest 100 family foundations put together.
Wellcome Trust
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
1,214.1
967.3
26
Income (£m)
541.8
502.3
8
Expenditure (£m)
1,660.8
1,488.8
12
Net Assets (£m)
33,458.2
34,601.3
-3
Employees
2,314.0
2,081.0
11
Source: 360Giving analysis of data from charity regulators and charity accounts.
Corporate foundations are generally charitable foundations established and funded by the corporate sector, through company endowments, covenants, or annual gifts. The structures and associations between corporate foundations and their parent company vary greatly.
This section focuses on the largest 50 corporate foundations that represent over 90% of the category’s total grant spending, but, as with family foundations, there are likely to be others that are small or less identifiable in the data. An additional challenge is where the foundation is not independently registered and does not produce its own accounts. In these cases, only the grantmaking figures have been recorded.
Largest 50 corporate foundations summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
873.8
674.7
30
Income (£m)
1,832.7
1,923.8
-5
Expenditure (£m)
1,656.2
1,469.3
13
Net Assets (£m)
4,149.3
4,604.6
-10
Employees
503.0
487.0
6
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
Grantmaking of the 50 largest corporate foundations increased by 30% overall, but this was largely driven by significant increases from the two largest foundations: Quadrature Climate Foundation, which increased by £126m, and UBS Optimus Foundation which increased by £88m. More than half the foundations increased their grantmaking by over 5%. Johnson and Johnson Foundation had a decrease of £21m, returning closer to their usual pattern of giving following exceptional grantmaking in 2022-23.
Largest 50 corporate foundations by grantmaking spend
2023-24 and previous year
2023-24 Rank
Name
2023-24 Grantmaking Spending (£m)
2023-24 Net Assets (£m)
2023-24 Employees
2022-23 Rank
2022-23 Grantmaking Spending (£m)
1
Quadrature Climate Foundation
246.8
21.3
15
1
120.5
2
UBS Optimus Foundation UK
148.0
39.8
0
2
60.1
3
AKO Foundation
46.6
1,178.1
1
5
34.6
4
Corra Foundation
38.3
38.8
56
3
44.5
5
Premier League Charitable Fund
32.8
19.0
19
6
31.3
6
Goldman Sachs Gives (UK)
26.0
69.2
0
4
35.5
7
England and Wales Cricket Trust
25.3
34.9
0
8
25.4
8
Benefact Trust Limited
23.4
123.8
0
9
22.8
9
Fondation Chanel
20.3
170.1
0
16
10.9
10
Lloyds Bank Foundation for England & Wales
19.7
21.1
50
13
19.1
11
Vodafone Foundation
17.9
3.7
8
12
19.4
12
Co-operative Group
17.1
0.0
0
10
22.3
13
British Gas Energy Trust
16.3
11.7
14
11
20.6
14
Cash for Kids
13.4
5.3
32
17
10.8
15
Fidelity UK Foundation
13.0
335.9
0
19
10.5
16
Shell Foundation
11.3
505.9
37
18
10.7
17
Lloyd's Register Foundation
11.2
1,093.8
41
22
8.1
18
London Marathon Charitable Trust Limited
8.3
12.0
12
34
3.7
19
Johnson & Johnson Foundation Scotland
7.8
43.9
0
7
29.2
20
Co-Operative Community Investment Foundation
7.7
22.4
17
31
4.2
21
St. James's Place Charitable Foundation
7.7
8.3
8
20
10.1
22
Virgin Foundation
7.5
13.4
6
23
7.3
23
James Dyson Foundation
7.1
0.0
6
75
1.3
24
Aurum Kaleidoscope Foundation
6.8
0.0
0
41
2.9
25
Anglo American Foundation
5.3
70.9
0
15
12.9
26
Swire Charitable Trust
5.0
6.5
0
33
3.8
27
Standard Chartered Foundation
4.9
44.6
0
14
13.0
28
Generation Foundation
4.8
30.0
4
21
10.0
29
Pets at Home Foundation
4.7
4.4
11
28
4.9
30
William Grant Foundation
4.6
0.0
0
29
4.6
31
Greggs Foundation
4.6
26.8
10
35
3.5
32
Bank of Scotland Foundation
4.4
2.6
0
25
5.5
33
Syncona Foundation
4.4
4.1
0
47
2.5
34
Barratt Developments PLC Charitable Foundation
4.1
1.2
0
32
3.8
35
Valencia Communities Fund
3.6
1.1
5
26
5.3
36
Veolia Environmental Trust
3.6
4.2
5
27
5.0
37
Asda Foundation
3.2
3.4
0
30
4.3
38
Santander UK Foundation Limited
3.2
18.9
0
61
1.9
39
Goldman Sachs Charitable Gift Fund (UK)
3.1
19.5
0
40
2.9
40
Road Safety Trust
3.1
3.7
5
79
1.3
41
Apax Foundation
3.0
75.0
0
43
2.9
42
Wimbledon Foundation
3.0
1.8
19
45
2.6
43
United Utilities Trust Fund
3.0
0.3
0
39
3.0
44
Burberry Foundation
2.9
1.0
0
82
1.3
45
Berkeley Charitable Foundation
2.7
1.8
5
38
3.0
46
Severn Wye Energy Agency
2.6
3.5
80
55
2.1
47
Global Charities
2.6
1.6
21
46
2.5
48
Zurich Community Trust (UK) Limited
2.4
3.8
16
52
2.2
49
Barbour Foundation
2.4
0.0
0
62
1.9
50
Hospital Saturday Fund
2.4
45.9
0
58
2.1
Source: 360Giving analysis of data from charity regulators and charity accounts.
For fundraising grantmakers, their main income is derived from fundraising, generally from the public, including national appeals such as BBC Children in Need and Comic Relief, or other fundraising activities such as People’s Postcode Lottery or local giving schemes.
Largest 50 fundraising grantmakers summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
371.8
339.0
7
Income (£m)
917.4
802.8
14
Expenditure (£m)
903.2
822.5
9
Net Assets (£m)
479.9
461.2
4
Employees
828.0
849.0
-3
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
Focusing on the largest 50 fundraising grantmakers, who represent 94% of the category’s total grantmaking spend, there was a 7% increase in grantmaking on average, but patterns were varied.
The largest 50 fundraising grantmakers include 20 Postcode Trusts distributing funds from the People’s Postcode Lottery. These 20 Trusts recorded grantmaking of £204m between them, an increase of 15% on the previous year. The remaining 30 fundraising grantmakers recorded grantmaking of £171m between them, an increase of 4% from the previous year – which is less than inflation.
The largest 50 fundraising grantmakers have been split into two tables – one of the Postcode Trusts, and one of the remaining 30 fundraising grantmakers – to provide a clearer picture of trends.
Largest 50 fundraising grantmakers by grantmaking spend (excluding Postcode Trusts)
2023-24 and previous year
2023-24 Rank
Name
2023-24 Grantmaking Spending (£m)
2023-24 Income (£m)
2023-24 Employees
2022-23 Rank
2022-23 Grantmaking Spending (£m)
1
Comic Relief
33.5
50.8
144
2
25.2
2
BBC Children in Need
26.3
50.1
153
1
62.2
3
LTA Tennis Foundation
19.2
18.5
0
36
2.4
6
Association of NHS Charities
16.0
9.5
62
3
16.8
18
National Zakat Foundation (NZF)
7.6
9.0
29
20
5.5
20
Access to Justice Foundation
6.6
10.7
12
16
6.7
21
Art Fund
6.1
16.3
80
27
2.7
24
Movember Europe
4.7
25.2
59
23
5.0
25
Muslim Charity Helping the Needy
4.6
7.2
22
21
5.5
26
Cymru Football Foundation Limited
4.5
8.5
4
93
0.0
27
St Martin-in-the-Fields Charity
4.0
5.2
22
26
3.2
30
ShareGift
3.7
7.5
5
29
2.7
33
Variety the Children's Charity
3.4
5.5
20
30
2.7
34
Jingle Jam
3.1
3.5
0
0
0.0
35
Global Innovation Fund
3.1
5.4
29
22
5.1
36
Rotary Foundation of the United Kingdom
3.1
3.2
0
28
2.7
37
Comet Charities Ltd
2.3
2.4
0
31
2.6
38
Global Fund for Children UK Trust
2.0
15.3
11
43
1.1
39
MND Scotland
1.6
2.7
32
39
1.8
40
Kensington and Chelsea Foundation
1.5
1.7
5
38
1.8
41
Young Westminster Foundation
1.5
2.2
9
41
1.5
42
Young Camden Foundation
1.1
1.5
7
47
0.9
43
Young Harrow Foundation
1.1
1.4
9
44
1.0
44
Walk The Walk Worldwide
1.1
3.3
17
96
-0.2
45
STV Appeal
1.0
2.4
0
46
0.9
46
Michael Sobell Hospice Charity
1.0
1.3
13
91
0.0
47
Crohn's & Colitis UK
1.0
7.7
82
50
0.7
48
Sunderland All Together Consortium CIO
0.9
1.0
1
48
0.7
49
Medaccess Trust
0.9
1.2
1
0
0.0
50
Considered Ask Foundation
0.9
1.0
0
51
0.7
Source: 360Giving analysis of data from charity regulators and charity accounts.
While there is a 4% increase in grantmaking overall in the group, this has been impacted by a decrease of £36m reported by BBC Children in Need due to a change in accounting policies and phasing of grantmaking awards, with a 36% increase reported in the following financial year. Excluding BBC Children in Need, the remaining 29 had an increase of 42% overall, including a £17m increase by the LTA Tennis Foundation and £8m increase by Comic Relief.
Largest 50 fundraising grantmakers by grantmaking spend – Postcode Trusts distributing funds of the People’s Postcode Lottery
2023-24 and previous year
2023-24 Rank
Name
2023-24 Grantmaking Spending (£m)
2023-24 Income (£m)
2023-24 Employees
2022-23 Rank
2022-23 Grantmaking Spending (£m)
4
Postcode Education Trust
17.0
45.0
47
9
13.7
5
Postcode Justice Trust
16.0
46.9
47
10
13.0
7
Postcode Earth Trust
15.9
46.7
47
5
14.6
8
Postcode Children Trust
15.4
46.7
47
6
14.4
9
Postcode Support Trust
14.5
46.8
46
7
14.0
10
Postcode Animal Trust
13.9
45.8
45
8
13.9
11
Postcode Planet Trust
13.5
44.9
44
4
14.7
12
Postcode Innovation Trust
13.3
30.5
33
19
5.6
13
Postcode International Trust
12.9
45.0
43
11
12.5
14
Postcode Care Trust
11.4
42.1
39
12
10.6
15
Postcode Global Trust
9.5
30.0
29
13
9.2
16
Postcode Culture Trust
8.7
29.0
28
15
8.1
17
Postcode Green Trust
7.9
27.1
26
14
8.3
19
Postcode Active Trust
7.4
26.2
25
17
6.6
22
Postcode Neighbourhood Trust
6.0
17.7
18
24
4.1
23
Postcode Society Trust
5.9
17.7
18
25
4.0
28
Postcode Places Trust
4.0
12.1
12
34
2.4
29
People's Postcode Trust
3.7
12.1
12
35
2.4
31
Postcode Community Trust
3.7
12.1
12
32
2.5
32
Postcode Local Trust
3.5
12.1
12
33
2.5
People's Postcode Lottery Total
204.1
636.6
630
333
177.0
Source: 360Giving analysis of data from charity regulators and charity accounts.
The 15% increase in 2023-24 follows substantial increases in previous years.
Member/Trade Funded
Member and Trade Funded grantmakers are either currently funded by industry/trade bodies or their members, or were historically endowed by them. This includes professional benevolent funds and Livery Companies. Over 500 organisations were identified, but the vast majority are very small organisations with limited information available. Again, we will focus on the 50 organisations with the largest grantmaking expenditure, representing over 80% of the category total.
Largest 50 Member/Trade Funded organisations summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
311.4
308.6
1
Income (£m)
658.3
618.9
6
Expenditure (£m)
689.0
649.3
6
Net Assets (£m)
3,340.4
3,217.5
4
Employees
3,639.0
3,587.0
1
360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
Grantmaking increased by just 1% which represents a decrease after adjusting for inflation. While 29 of the 50 had an increase in grantmaking by over 5%, the largest football foundation had a decrease of £15m, impacting the overall picture.
Largest 50 Member/Trade Funded organisations by grantmaking spend
2023-24 and previous year
2023-24 Rank
Name
2023-24 Grantmaking Spending (£m)
2023-24 Net Assets (£m)
2023-24 Employees
2022-23 Rank
2022-23 Grantmaking Spending (£m)
1
Football Foundation
81.0
20.5
84
1
95.9
2
SSAFA, the Armed Forces Charity
22.6
53.5
395
2
21.7
3
Masonic Charitable Foundation
19.4
392.5
1,090
3
18.0
4
Grand Charity
16.7
19.8
0
5
15.4
5
FIA Foundation
13.6
389.2
17
6
14.8
6
Goldsmiths' Company Charity
13.3
166.4
0
20
3.2
7
Masonic Samaritan Fund
13.1
4.5
0
7
11.1
8
Royal Air Force Benevolent Fund
10.9
122.8
129
8
9.7
9
Royal Navy and Royal Marines Charity
9.6
79.7
97
9
9.6
10
Clothworkers' Foundation
8.9
350.6
0
10
7.4
11
GambleAware
8.1
64.2
55
4
15.9
12
ABF The Soldiers' Charity
7.1
97.9
83
11
6.7
13
GroceryAid
5.1
13.2
53
24
2.6
14
Salvation Army Retired Officers Allowance Scheme
4.7
126.6
0
13
4.7
15
ASCB Charitable Fund
4.4
13.3
6
16
3.9
16
Royal Society of Chemistry
4.0
98.1
735
18
3.4
17
I T F Seafarers Trust
3.8
35.0
5
12
5.1
18
Help Musicians UK
3.5
49.1
72
14
4.4
19
Leathersellers' Foundation
3.2
67.6
4
19
3.3
20
The Royal Naval Benevolent Trust
3.1
56.3
164
21
3.2
21
Mercers Charitable Foundation
3.0
35.4
0
35
1.7
22
Drapers Charitable Fund
2.8
76.6
2
26
2.4
23
Royal Commonwealth Ex-Services League
2.7
1.6
9
22
3.1
24
Connolly Foundation (UK) Limited
2.7
97.1
6
36
1.7
25
Transport Benevolent Fund (CIO)
2.7
7.8
26
68
0.8
26
Bankers Benevolent Fund
2.4
91.8
38
15
4.3
27
Royal Air Force Central Fund
2.3
50.5
16
34
1.7
28
Royal Logistic Corps Association Trust
2.1
40.7
7
33
1.8
29
Royal Agricultural Benevolent Institution
2.1
81.8
53
17
3.5
30
Fishmongers' Company's Charitable Trust
2.0
35.3
2
23
2.9
31
Landaid Charitable Trust Limited
2.0
2.3
26
25
2.5
32
Royal Marines Association - The Royal Marines Charity
2.0
15.3
30
30
2.0
33
Civil Service Benevolent Fund
1.9
27.1
92
32
1.9
34
Nuffield Trust for the Forces of the Crown
1.7
46.5
1
28
2.1
35
Army Dependants' Trust
1.7
27.8
2
31
1.9
36
Naval Children's Charity
1.7
12.7
14
49
1.0
37
RFU Injured Players Foundation
1.6
8.0
0
201
0.1
38
Weavers' Company Benevolent Fund
1.6
14.9
0
88
0.5
39
Care Workers Charity
1.5
0.7
12
52
1.0
40
Carpenters Company Charitable Trust
1.5
37.3
0
38
1.4
41
Stock Exchange Benevolent Fund
1.5
23.9
2
65
0.8
42
Dame Alice Owen's Foundation
1.5
105.0
0
40
1.3
43
Shipwrecked Mariners' Society
1.4
30.5
5
39
1.4
44
Architects Benevolent Society
1.3
29.5
12
55
1.0
45
Marine Society and Sea Cadets
1.3
37.4
186
41
1.3
46
Injured Jockeys Fund
1.3
61.5
47
192
0.1
47
Foothold
1.3
23.6
13
42
1.3
48
Film and Television Charity
1.2
21.9
37
50
1.0
49
Actors' Benevolent Fund
1.2
36.8
5
58
0.9
50
Insurance Charities
1.2
38.3
7
48
1.1
Source: 360Giving analysis of data from charity regulators and charity accounts.
Community foundations inspire place-based philanthropy, bring communities together and fund vital work in neighbourhoods across the UK.
UK Community Foundations (UKCF) is the national membership organisation for all 46 accredited community foundations around the UK, with two international members who are not included in this analysis (Jersey and Bermuda). The collective grantmaking of UKCF’s network in 2023-2024 was £184.4 million, an increase from the previous year. In addition to UKCF’s network, there are two unaccredited community foundations that have been included in this section: Tees Valley Community Foundation and Community Foundation for Wakefield. The total grantmaking including UKCF itself and community foundations outside the network was £196.5m.
Note: Below, ‘Grantmaking Spending’ includes all grantmaking (to organisations and individuals), while ‘Total Spending’ includes all expenditure of the organisation – this reflects that some community foundations deliver programmes and activities beyond grantmaking.
Community foundations vary in size, scale of grant distribution and grantmaking priorities, which is reflected above.
Community foundations in Scotland and Northern Ireland remain the highest grantmakers overall, while community foundations with a smaller geographical scope have much smaller grantmaking totals.
The majority of community foundations in the UK provided between £1 million and £10 million in 2023-24. Two more community foundations awarded over £10 million in 2023-24 than the previous year.
Community foundations summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
196.5
177.0
11
Grantmaking to individuals (£m)
6.7
6.7
3
Income (£m)
285.3
205.4
39
Expenditure (£m)
236.5
215.4
10
Net Assets (£m)
1,140.0
1,023.0
12
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
Grantmaking increased by 11% overall, including a £10 million increase from Heart of England Community Foundation, largely through the delivery of the Inclusive Communities Fund as a legacy of the 2022 Birmingham Commonwealth Games. Excluding Heart of England there has been a 5.7% increase in grantmaking, so broadly flat when adjusted for inflation.
Community foundations by grantmaking spend
2023-24 and previous year
2023-24 Rank
Name
2023-24 Grantmaking Spending (£m)
2023-24 Net Assets (£m)
2023-24 Employees
2022-23 Rank
2022-23 Grantmaking Spending (£m)
1
Foundation Scotland
22.4
137.3
37
1
23.4
2
Community Foundation for Northern Ireland
14.5
30.6
30
2
12.5
3
Heart of England Community Foundation
13.1
26.6
14
21
3.1
4
London Community Foundation
11.5
32.3
19
3
11.9
5
UK Community Foundations
11.1
6.7
16
5
7.0
6
Community Foundation North East
8.4
103.2
24
4
7.9
7
Point North Community Foundation
7.5
23.5
10
9
5.3
8
Cumbria Community Foundation
6.7
34.9
15
7
5.8
9
Hertfordshire Community Foundation
5.4
16.4
16
10
5.2
10
Norfolk Community Foundation
4.9
30.0
26
8
5.6
11
Bedfordshire and Luton Community Foundation
4.7
3.7
7
12
4.7
12
Quartet Community Foundation
4.7
69.6
23
6
6.8
13
Cambridgeshire Community Foundation
4.6
17.4
8
22
2.9
14
Suffolk Community Foundation
4.5
23.5
16
14
4.5
15
Essex Community Foundation
4.4
48.9
16
15
4.4
16
Somerset Community Foundation
4.2
14.7
15
11
5.1
17
Community Foundation in Wales
3.8
23.5
11
31
2.0
18
Kent Community Foundation
3.8
34.9
16
13
4.6
19
Community Foundation for Leeds
3.7
27.9
19
16
3.9
20
Community Foundation for Staffordshire and Shropshire
3.6
13.3
13
17
3.6
21
Community Foundations for Lancashire and Merseyside
3.5
24.4
14
18
3.4
22
Community Foundation for Calderdale
3.1
13.8
8
28
2.3
23
Cornwall Community Foundation
3.0
13.9
11
24
2.4
24
Northamptonshire Community Foundation
3.0
20.8
9
23
2.5
25
Sussex Community Foundation
2.7
28.8
15
19
3.3
26
Milton Keynes Community Foundation Limited
2.6
55.5
24
25
2.4
27
Devon Community Foundation
2.3
11.4
15
26
2.3
28
Two Ridings Community Foundation
2.3
11.7
11
30
2.2
29
Lincolnshire Community Foundation CIO
2.1
7.0
8
45
0.6
30
Community Foundation for Surrey
2.1
18.9
11
27
2.3
31
Community Foundation for Wiltshire & Swindon
2.1
30.7
12
32
2.0
32
Buckinghamshire Community Foundation
2.0
14.0
15
29
2.3
33
South Yorkshire Community Foundation Limited
1.9
14.0
13
35
1.6
34
Oxfordshire Community Foundation
1.8
9.5
7
20
3.1
35
Cheshire Community Foundation Limited
1.7
9.8
10
37
1.5
36
Forever Manchester
1.7
8.6
22
36
1.5
37
One Community Foundation Limited
1.7
4.2
7
38
1.1
38
Hampshire and the Isle of Wight Community Foundation
1.5
16.2
8
33
1.9
39
East End Community Foundation
1.0
31.8
12
34
1.6
40
Berkshire Community Foundation
1.0
14.2
7
40
1.0
41
Dorset Community Foundation
1.0
5.7
5
39
1.1
42
Tees Valley Community Foundation
1.0
20.3
5
46
0.5
43
Derbyshire Community Foundation
0.9
10.6
4
48
0.5
44
Herefordshire Community Foundation
0.7
7.9
5
41
0.8
45
Forever Notts
0.6
3.1
5
42
0.8
46
County of Gloucestershire Community Foundation
0.5
7.4
3
47
0.5
47
Leicestershire, Leicester and Rutland Community Foundation
0.5
4.7
7
44
0.6
48
Worcestershire Community Foundation Limited
0.4
1.8
1
43
0.6
49
Community Foundation for Wakefield
0.1
0.0
5
49
0.1
Source: 360Giving analysis of data from charity regulators and charity accounts.
In 2023-24, accredited community foundations helped people and organisations to invest over £184.4 million in grants to local communities to identify and challenge some of the biggest issues facing communities today. Read about how, amid rising demand, we’re seeing commitment to long-term support and community resilience.
These are organisations established by government or National Lottery distributors, but independent of them.
Government/Lottery Endowed trusts summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
128.0
112.7
14
Income (£m)
186.3
270.6
-31
Expenditure (£m)
262.4
225.2
17
Net Assets (£m)
1,360.7
1,367.1
0
Employees
897.0
876.0
2
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
Overall the group reported a 14% increase, but this was an increase of £42m by Social Investment Business distributing the Youth Investment Fund, and a decrease by all others. Excluding Social Investment Business, the group had a decrease of 28%. This is expected as the majority of the organisations were founded over a decade ago and several are in the process of spending out and closing down.
Government/Lottery Endowed trusts by grantmaking spend
2023-24 and previous year
2023-24 Rank
Name
2023-24 Grantmaking Spending (£m)
2023-24 Net Assets (£m)
2023-24 Employees
2022-23 Rank
2022-23 Grantmaking Spending (£m)
1
Social Investment Business Foundation
57.7
42.4
72
3
15.6
2
Education Endowment Foundation
20.8
178.0
94
1
24.0
3
Youth Endowment Fund Charitable Trust
18.5
150.3
57
2
18.5
4
Local Trust
8.8
24.2
63
4
13.6
5
Access - The Foundation for Social Investment
5.3
27.9
9
7
6.5
6
Nesta
5.2
477.9
494
8
5.4
7
UnLtd
3.9
172.6
56
5
8.7
8
Power to Change Trust
2.4
19.9
39
9
4.9
9
Racing Foundation
1.8
84.2
4
6
7.5
10
Millennium Awards Trust
1.8
168.1
0
11
1.9
11
Forces in Mind Trust
1.6
13.3
0
10
4.3
12
Spirit of 2012
0.3
1.9
9
12
1.8
Source: 360Giving analysis of data from charity regulators and charity accounts.
General foundations are the remaining foundations which don’t meet the criteria for the other groups. There are over 10,000 organisations, the majority of which are very small with limited information available on them. Even the 100 largest organisations are diverse in size and nature, but represent 45% of the category’s total grantmaking spend.
Largest 100 general foundations summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
1,256.7
1,124.8
10
Income (£m)
1,255.0
1,119.2
11
Expenditure (£m)
1,584.9
1,460.5
8
Net Assets (£m)
12,335.9
12,175.0
1
Employees
2,118.0
1,980.0
7
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
There has been a 10% increase in grantmaking overall for this segment, but this was by no means consistent for all the funders in the group. 58 reported an increase of over 5%, 26 had a decrease by over 5% and the remainder gave at a similar level.
One foundation reported an increase in grantmaking of over £25m – Breakthrough Foundation (increase by £44m, following an increase of donations during the year of £35m). One decreased by over £25m, Sequoia Trust (£36m decrease) which appears to be as a result of exceptional donations and grantmaking in 2022.
Largest 100 general foundations by grantmaking spend
2023-24 and previous year
2023-24 Rank
Name
2023-24 Grantmaking Spending (£m)
2023-24 Net Assets (£m)
2023-24 Employees
2022-23 Rank
2022-23 Grantmaking Spending (£m)
1
Breakthrough Foundation
89.8
2.8
0
6
46.2
2
City Bridge Foundation
82.9
1,531.7
159
2
60.0
3
Henry Smith Charity
46.4
1,258.7
40
1
65.2
4
Aga Khan Foundation (United Kingdom)
43.2
236.6
65
7
45.7
5
Cambridge Commonwealth Trust
39.7
188.5
15
10
35.2
6
Family Fund Trust
38.8
13.2
202
8
37.9
7
Ahmadiyya Muslim Jamaat International
37.7
70.6
294
12
32.5
8
National Assistance Fund
34.2
11.3
0
13
29.7
9
Grace Trust
33.9
115.6
0
5
48.7
10
The Vinehill Trust
28.8
5.7
0
38
10.0
11
Guy's and St Thomas' Foundation
28.1
915.8
147
11
33.0
12
Muslim Hands
24.3
20.4
107
14
27.4
13
Cora Foundation
24.3
14.4
12
18
22.5
14
Impetus - The Private Equity Foundation
23.1
158.6
102
17
23.1
15
Foyle Foundation
20.3
26.4
7
34
10.7
16
Sequoia Trust
19.6
414.9
0
3
55.3
17
Trust for London
17.7
300.7
29
16
24.2
18
United Talmudical Associates Ltd
17.7
2.7
0
20
19.4
19
Elton John Aids Foundation
17.4
27.2
28
30
11.5
20
A W Charitable Trust
16.9
276.3
0
68
5.2
21
The Health Foundation
16.8
1,175.1
246
9
37.0
22
Worwin UK Foundation
16.4
159.9
1
41
8.4
23
Greenwood Place
16.2
0.0
0
26
12.5
24
John Lyon's Charity
15.9
387.0
18
21
15.0
25
Helping Foundation
15.1
402.4
0
22
13.8
26
William Delafield Charitable Trust
14.6
11.8
0
588
0.7
27
Edward Gostling Foundation
13.2
76.3
8
25
12.6
28
Council for World Mission (UK)
12.6
172.6
2
73
4.8
29
Old Dart Foundation
12.5
50.1
5
61
5.5
30
Albert Gubay Charitable Foundation
12.2
630.0
33
37
10.1
31
Lankelly Chase
12.2
116.0
18
24
13.3
32
Shetland Charitable Trust
11.4
445.9
15
32
11.0
33
Council for at-Risk Academics
11.2
1.4
20
57
5.7
34
Chevras Mo'oz Ladol
10.2
0.1
3
29
11.6
35
NNS Foundation
10.2
0.1
0
27
12.1
36
Tusk Trust Limited
10.1
5.5
16
35
10.6
37
National Foundation for Youth Music
10.0
4.0
28
36
10.5
38
Alborada Trust
9.8
5.3
0
90
4.1
39
Global Relief Trust
9.1
4.0
26
44
7.9
40
Aid to the Church in Need (United Kingdom)
8.9
5.4
42
45
7.9
41
National Citizen Service
8.8
0.0
0
9,119
0.0
42
World Federation of Khoja Shia Ithna-Asheri Muslim Communities
8.8
18.7
17
28
12.1
43
Bloom Foundation
8.7
0.6
3
51
6.6
44
Dorothy, Emma & Spiro Latsis Benevolent Trust
8.6
-5.1
0
2,935
0.0
45
Asser Bishvil Foundation
8.5
1.3
3
39
9.4
46
Unbound Philanthropy
8.3
0.0
0
87
4.1
47
Dulwich Estate
8.0
377.6
34
46
7.7
48
Ardbarron Trust Limited
7.6
297.3
0
52
6.5
49
Association of Jewish Refugees
6.8
19.4
50
55
6.2
50
Reuben Foundation
6.8
27.6
0
15
27.0
51
Rehabilitation Trust
6.6
0.0
0
53
6.3
52
Clergy Support Trust
6.5
116.1
21
72
5.0
53
Legal Education Foundation
6.3
271.3
20
31
11.2
54
Quintin Hogg Trust
6.3
25.7
1
74
4.8
55
Unwin Charitable Trust
6.1
0.0
0
243
1.5
56
Project Giving Back
5.7
1.3
2
9,120
0.0
57
Portal Trust
5.6
291.1
9
58
5.7
58
Exilarch's Foundation
5.5
88.6
0
94
3.9
59
Buttle UK
5.5
72.8
22
60
5.6
60
Enthuse Charitable Trust
5.5
3.2
0
81
4.5
61
SF Foundation
5.5
39.1
0
115
3.3
62
Hollyhock Charitable Foundation
5.4
27.4
0
165
2.2
63
Neighbourly Foundation
5.4
1.6
0
62
5.4
64
Jabbs Foundation
5.3
2.1
2
174
2.1
65
Jordan Charitable Foundation
5.3
140.0
0
135
2.7
66
Tolkien Trust
5.3
37.4
0
59
5.7
67
John Innes Foundation
5.2
42.0
0
236
1.5
68
Impact Funding Partners Limited
5.1
0.6
7
150
2.5
69
Aberdeen Foundation
5.0
1.1
0
43
8.0
70
John Black Charitable Foundation
4.9
77.3
3
89
4.1
71
Yesamach Levav
4.8
0.2
5
103
3.5
72
Aruna and Ambika Paul Foundation
4.8
5.6
0
2,169
0.1
73
Darwin Trust Of Edinburgh
4.8
166.3
0
85
4.2
74
Lucille Foundation
4.7
1.0
0
71
5.0
75
Corporation of Trinity House of Deptford Strond
4.7
253.4
23
102
3.5
76
Leverhulme Trade Charities Trust
4.7
90.3
0
130
3.0
77
Amabrill Ltd
4.4
27.0
0
104
3.4
78
People's Health Trust
4.4
6.3
24
82
4.4
79
Broom Foundation
4.4
1.1
9
78
4.7
80
R & A Foundation
4.4
14.2
0
77
4.7
81
North London Welfare and Educational Foundation
4.3
0.8
0
134
2.8
82
ABC Trust
4.3
1.4
0
80
4.5
83
Dutch Oak Tree Foundation
4.3
0.0
0
56
6.0
84
Royal Commission for the Exhibition of 1851
4.3
143.8
5
75
4.7
85
United Jewish Israel Appeal
4.3
7.0
35
79
4.5
86
Chellaram Foundation
4.3
6.8
0
829
0.4
87
LSEG Foundation
4.2
5.3
0
122
3.2
88
Good Things Foundation
4.2
3.9
71
63
5.3
89
Baring Foundation
4.2
105.1
6
110
3.3
90
Bederech Kovod
4.2
0.0
1
105
3.4
91
Architectural Heritage Fund
4.2
18.1
20
172
2.1
92
Synchronicity Earth
4.2
11.4
26
129
3.0
93
Nigel Vinson Charitable Trust
4.2
0.0
0
9,121
0.0
94
February Foundation
4.2
68.8
1
88
4.1
95
Charity of Sir Richard Whittington
4.2
118.7
0
70
5.1
96
Shine: Support and Help in Education
4.1
5.9
9
810
0.5
97
Kolyom Trust Limited
4.1
2.3
1
106
3.4
98
Shulem B. Association Limited
4.1
51.5
0
95
3.9
99
Equinoxe Trust
4.1
-1.2
0
773
0.5
100
Ezer Viznitz Foundation
4.1
0.0
0
99
3.5
Source: 360Giving analysis of data from charity regulators and charity accounts.
It is interesting to look at the largest 300 foundations across these segments together. Taken collectively, these Trusts and Foundations provided grants of over £6 billion in 2023-24, an increase of 16% from the previous year. Excluding Wellcome Trust, grants to the value of almost £5bn were reported, an increase of 15% on the previous year.
Largest 300 Trusts and Foundations summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
2023-24 Total Excluding Wellcome Trust
2022-23 Total Excluding Wellcome Trust
Percentage Change Excluding Wellcome Trust
Grantmaking (£m)
6,086.0
5,209.9
16
4,871.9
4,242.6
15
Income (£m)
6,826.9
6,523.6
5
6,285.1
6,021.3
4
Expenditure (£m)
8,508.6
7,751.5
10
6,847.7
6,262.6
9
Net Assets (£m)
88,792.3
86,772.4
2
55,334.1
52,171.1
6
Employees
11,347.0
10,672.0
6
9,033.0
8,591.0
5
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
Excludes Fantastic Peach Foundation UK, which had grant spending of £28m in 2023-24 but is a time-limited foundation transferring to a Donor Advised Fund so would skew trends if included for just one year.
Examining the 10 largest grant spending organisations, it is interesting to note that 6 are family foundations. The threshold to be on the list of the 300 largest foundations has increased from £3.4m to £3.7m.
Largest 300 Trusts and Foundations by grantmaking spend
2023-24 Rank
Name
Segment
2023-24 Grantmaking Spending (£m)
2023-24 Net Assets (£m)
2023-24 Employees
2022-23 Rank
2022-23 Grantmaking Spending (£m)
1
Wellcome Trust
Wellcome Trust
1,214.1
33,458.2
2,314
1
967.3
2
Children's Investment Fund Foundation (UK)
Family Foundation
439.0
4,516.8
211
2
397.0
3
Quadrature Climate Foundation
Corporate Foundation
246.8
21.3
15
4
120.5
4
UBS Optimus Foundation UK
Corporate Foundation
148.0
39.8
0
11
60.1
5
CH Foundation (UK)
Family Foundation
139.6
40.3
0
8
69.7
6
Arcadia
Family Foundation
133.3
0.0
0
19
39.6
7
Leverhulme Trust
Family Foundation
128.5
3,438.5
17
5
103.5
8
Garfield Weston Foundation
Family Foundation
99.4
10,126.8
0
7
89.5
9
Breakthrough Foundation
General Foundation
89.8
2.8
0
16
46.2
10
City Bridge Foundation
General Foundation
82.9
1,531.7
159
12
60.0
11
Football Foundation
Member/Trade Funded
81.0
20.5
84
6
95.9
12
Julia Rausing Trust
Family Foundation
68.0
0.0
0
29
34.4
13
Gatsby Charitable Foundation
Family Foundation
59.8
520.3
11
3
134.5
14
Esmée Fairbairn Foundation
Family Foundation
58.0
1,242.2
39
25
36.9
15
Social Investment Business Foundation
Government/Lottery Endowed
57.7
42.4
72
66
15.6
16
Paul Hamlyn Foundation
Family Foundation
56.9
861.1
48
21
39.1
17
Sigrid Rausing Trust
Family Foundation
51.9
265.7
28
20
39.4
18
AKO Foundation
Corporate Foundation
46.6
1,178.1
1
28
34.6
19
Henry Smith Charity
General Foundation
46.4
1,258.7
40
9
65.2
20
Wolfson Foundation
Family Foundation
45.3
948.1
12
22
38.1
21
Aga Khan Foundation (United Kingdom)
General Foundation
43.2
236.6
65
17
45.7
22
Cambridge Commonwealth Trust
General Foundation
39.7
188.5
15
27
35.2
23
Family Fund Trust
General Foundation
38.8
13.2
202
23
37.9
24
Corra Foundation
Corporate Foundation
38.3
38.8
56
18
44.5
25
Ahmadiyya Muslim Jamaat International
General Foundation
37.7
70.6
294
31
32.5
26
National Assistance Fund
General Foundation
34.2
11.3
0
34
29.7
27
Grace Trust
General Foundation
33.9
115.6
0
15
48.7
28
Comic Relief
Fundraising Grantmaker
33.5
95.0
144
39
25.2
29
Premier League Charitable Fund
Corporate Foundation
32.8
19.0
19
32
31.3
30
Robertson Trust
Family Foundation
29.3
848.0
53
57
19.1
31
The Vinehill Trust
General Foundation
28.8
5.7
0
119
10.0
32
Guy's and St Thomas' Foundation
General Foundation
28.1
915.8
147
30
33.0
33
BBC Children in Need
Fundraising Grantmaker
26.3
47.7
153
10
62.2
34
Goldman Sachs Gives (UK)
Corporate Foundation
26.0
69.2
0
26
35.5
35
England and Wales Cricket Trust
Corporate Foundation
25.3
34.9
0
38
25.4
36
This Day Foundation
Family Foundation
24.8
18.0
0
56
19.1
37
Muslim Hands
General Foundation
24.3
20.4
107
36
27.4
38
Cora Foundation
General Foundation
24.3
14.4
12
46
22.5
39
Pears Foundation
Family Foundation
23.6
29.0
7
42
23.6
40
Benefact Trust Limited
Corporate Foundation
23.4
123.8
0
45
22.8
41
Lempriere Pringle 2015
Family Foundation
23.2
30.6
0
48
22.3
42
Impetus - The Private Equity Foundation
General Foundation
23.1
158.6
102
44
23.1
43
Moondance Foundation
Family Foundation
22.6
539.3
1
50
20.9
44
SSAFA, the Armed Forces Charity
Member/Trade Funded
22.6
53.5
395
49
21.7
45
Foundation Scotland
Community Foundation
22.4
137.3
37
43
23.4
46
Education Endowment Foundation
Government/Lottery Endowed
20.8
178.0
94
41
24.0
47
The Rhodes Trust
Family Foundation
20.4
511.5
130
62
16.8
48
Fondation Chanel
Corporate Foundation
20.3
170.1
0
105
10.9
49
Foyle Foundation
General Foundation
20.3
26.4
7
109
10.7
50
Joseph Rowntree Charitable Trust
Family Foundation
20.0
278.8
26
75
14.1
51
Lloyds Bank Foundation for England & Wales
Corporate Foundation
19.7
21.1
50
55
19.1
52
Sequoia Trust
General Foundation
19.6
414.9
0
13
55.3
53
Masonic Charitable Foundation
Member/Trade Funded
19.4
392.5
1,090
59
18.0
54
LTA Tennis Foundation
Fundraising Grantmaker
19.2
33.8
0
415
2.4
55
Youth Endowment Fund Charitable Trust
Government/Lottery Endowed
18.5
150.3
57
58
18.5
56
Vodafone Foundation
Corporate Foundation
17.9
3.7
8
54
19.4
57
Trust for London
General Foundation
17.7
300.7
29
40
24.2
58
United Talmudical Associates Ltd
General Foundation
17.7
2.7
0
53
19.4
59
Elton John Aids Foundation
General Foundation
17.4
27.2
28
100
11.5
60
Co-operative Group
Corporate Foundation
17.1
0.0
0
47
22.3
61
Postcode Education Trust
Fundraising Grantmaker
17.0
3.9
0
79
13.7
62
A W Charitable Trust
General Foundation
16.9
276.3
0
207
5.2
63
The Health Foundation
General Foundation
16.8
1,175.1
246
24
37.0
64
Grand Charity
Member/Trade Funded
16.7
19.8
0
67
15.4
65
Worwin UK Foundation
General Foundation
16.4
159.9
1
127
8.4
66
British Gas Energy Trust
Corporate Foundation
16.3
11.7
14
51
20.6
67
Greenwood Place
General Foundation
16.2
0.0
0
92
12.5
68
Postcode Justice Trust
Fundraising Grantmaker
16.0
5.7
0
87
13.0
69
Association of NHS Charities
Fundraising Grantmaker
16.0
40.6
62
61
16.8
70
Postcode Earth Trust
Fundraising Grantmaker
15.9
3.6
0
71
14.6
71
John Lyon's Charity
General Foundation
15.9
387.0
18
68
15.0
72
Tudor Trust
Family Foundation
15.8
231.2
20
52
20.4
73
Postcode Children Trust
Fundraising Grantmaker
15.4
3.6
0
72
14.4
74
Helping Foundation
General Foundation
15.1
402.4
0
78
13.8
75
William Delafield Charitable Trust
General Foundation
14.6
11.8
0
1,036
0.7
76
Community Foundation for Northern Ireland
Community Foundation
14.5
30.6
30
94
12.5
77
Postcode Support Trust
Fundraising Grantmaker
14.5
4.8
0
76
14.0
78
Postcode Animal Trust
Fundraising Grantmaker
13.9
5.6
0
77
13.9
79
FIA Foundation
Member/Trade Funded
13.6
389.2
17
69
14.8
80
Postcode Planet Trust
Fundraising Grantmaker
13.5
4.9
0
70
14.7
81
Cash for Kids
Corporate Foundation
13.4
5.3
32
106
10.8
82
Postcode Innovation Trust
Fundraising Grantmaker
13.3
10.0
0
185
5.6
83
Goldsmiths' Company Charity
Member/Trade Funded
13.3
166.4
0
327
3.2
84
Edward Gostling Foundation
General Foundation
13.2
76.3
8
91
12.6
85
Keren Association Limited
Family Foundation
13.2
1.8
0
98
11.7
86
Heart of England Community Foundation
Community Foundation
13.1
26.6
14
334
3.1
87
Khodorkovsky Foundation
Family Foundation
13.1
602.8
0
82
13.5
88
Masonic Samaritan Fund
Member/Trade Funded
13.1
4.5
0
102
11.1
89
Fidelity UK Foundation
Corporate Foundation
13.0
335.9
0
113
10.5
90
Postcode International Trust
Fundraising Grantmaker
12.9
7.4
0
93
12.5
91
Waterloo Foundation
Family Foundation
12.7
212.1
10
111
10.6
92
Council for World Mission (UK)
General Foundation
12.6
172.6
2
228
4.8
93
Old Dart Foundation
General Foundation
12.5
50.1
5
189
5.5
94
Albert Gubay Charitable Foundation
General Foundation
12.2
630.0
33
115
10.1
95
Lankelly Chase
General Foundation
12.2
116.0
18
84
13.3
96
London Community Foundation
Community Foundation
11.5
32.3
19
97
11.9
97
Shetland Charitable Trust
General Foundation
11.4
445.9
15
104
11.0
98
Postcode Care Trust
Fundraising Grantmaker
11.4
6.6
0
112
10.6
99
Denise Coates Foundation
Family Foundation
11.3
942.3
0
103
11.0
100
Shell Foundation
Corporate Foundation
11.3
505.9
37
108
10.7
101
Council for at-Risk Academics
General Foundation
11.2
1.4
20
180
5.7
102
Lloyd's Register Foundation
Corporate Foundation
11.2
1,093.8
41
131
8.1
103
UK Community Foundations
Community Foundation
11.1
6.7
16
152
7.0
104
Steve Morgan Foundation
Family Foundation
11.1
270.0
4
74
14.2
105
Michael Uren Foundation
Family Foundation
11.0
205.7
0
14
53.3
106
Royal Air Force Benevolent Fund
Member/Trade Funded
10.9
122.8
129
121
9.7
107
Nuffield Foundation
Family Foundation
10.4
488.5
90
90
12.9
108
Souter Charitable Trust
Family Foundation
10.4
116.2
0
120
9.9
109
Gerald and Gail Ronson Family Foundation
Family Foundation
10.4
471.6
3
117
10.1
110
Chevras Mo'oz Ladol
General Foundation
10.2
0.1
3
99
11.6
111
Huo Family Foundation
Family Foundation
10.2
163.8
0
176
5.8
112
NNS Foundation
General Foundation
10.2
0.1
0
95
12.1
113
Tusk Trust Limited
General Foundation
10.1
5.5
16
110
10.6
114
National Foundation for Youth Music
General Foundation
10.0
4.0
28
114
10.5
115
Alborada Trust
General Foundation
9.8
5.3
0
265
4.1
116
Royal Navy and Royal Marines Charity
Member/Trade Funded
9.6
79.7
97
122
9.6
117
Mohn Westlake Foundation
Family Foundation
9.5
9.6
0
80
13.6
118
Postcode Global Trust
Fundraising Grantmaker
9.5
3.3
0
124
9.2
119
Joseph Rowntree Foundation
Family Foundation
9.4
547.4
605
209
5.2
120
Global Relief Trust
General Foundation
9.1
4.0
26
134
7.9
121
Aid to the Church in Need (United Kingdom)
General Foundation
8.9
5.4
42
137
7.9
122
Linbury Trust
Family Foundation
8.9
141.3
9
181
5.7
123
Clothworkers' Foundation
Member/Trade Funded
8.9
350.6
0
146
7.4
124
Christian Vision
Family Foundation
8.9
428.4
300
128
8.4
125
National Citizen Service
General Foundation
8.8
0.0
0
10,156
0.0
126
World Federation of Khoja Shia Ithna-Asheri Muslim Communities
General Foundation
8.8
18.7
17
96
12.1
127
Local Trust
Government/Lottery Endowed
8.8
24.2
63
81
13.6
128
Rank Foundation Limited
Family Foundation
8.7
275.1
40
64
16.1
129
Postcode Culture Trust
Fundraising Grantmaker
8.7
3.4
0
132
8.1
130
Bloom Foundation
General Foundation
8.7
0.6
3
159
6.6
131
Dorothy, Emma & Spiro Latsis Benevolent Trust
General Foundation
8.6
-5.1
0
3,542
0.0
132
Laidlaw Foundation
Family Foundation
8.6
-3.5
3
163
6.5
133
Asser Bishvil Foundation
General Foundation
8.5
1.3
3
123
9.4
134
Law Family Charitable Foundation
Family Foundation
8.5
72.6
0
33
30.4
135
Community Foundation North East
Community Foundation
8.4
103.2
24
136
7.9
136
Jack Petchey Foundation
Family Foundation
8.4
2.3
20
145
7.4
137
Unbound Philanthropy
General Foundation
8.3
0.0
0
260
4.1
138
Liz and Terry Bramall Foundation
Family Foundation
8.3
107.9
0
196
5.4
139
London Marathon Charitable Trust Limited
Corporate Foundation
8.3
12.0
12
283
3.7
140
GambleAware
Member/Trade Funded
8.1
64.2
55
65
15.9
141
Dulwich Estate
General Foundation
8.0
377.6
34
140
7.7
142
Postcode Green Trust
Fundraising Grantmaker
7.9
3.6
0
130
8.3
143
Johnson & Johnson Foundation Scotland
Corporate Foundation
7.8
43.9
0
35
29.2
144
Becht Foundation
Family Foundation
7.7
362.8
2
139
7.8
145
Thompson Family Charitable Trust
Family Foundation
7.7
82.0
0
73
14.3
146
Co-Operative Community Investment Foundation
Corporate Foundation
7.7
22.4
17
254
4.2
147
Rosetrees
Family Foundation
7.7
124.6
9
148
7.3
148
St. James's Place Charitable Foundation
Corporate Foundation
7.7
8.3
8
116
10.1
149
National Zakat Foundation (NZF)
Fundraising Grantmaker
7.6
2.9
29
188
5.5
150
Ardbarron Trust Limited
General Foundation
7.6
297.3
0
162
6.5
151
Albert Hunt Trust
Family Foundation
7.5
46.9
1
149
7.2
152
Virgin Foundation
Corporate Foundation
7.5
13.4
6
147
7.3
153
Point North Community Foundation
Community Foundation
7.5
23.5
10
199
5.3
154
John Armitage Charitable Trust
Family Foundation
7.4
210.6
1
204
5.3
155
Postcode Active Trust
Fundraising Grantmaker
7.4
3.2
0
161
6.6
156
Stone Family Foundation
Family Foundation
7.3
47.9
5
174
5.9
157
ABF The Soldiers' Charity
Member/Trade Funded
7.1
97.9
83
158
6.7
158
Prudence Trust
Family Foundation
7.1
196.9
4
160
6.6
159
James Dyson Foundation
Corporate Foundation
7.1
0.0
6
624
1.3
160
Rothschild Foundation
Family Foundation
6.9
773.2
202
129
8.3
161
Charles Wolfson Charitable Trust
Family Foundation
6.9
41.7
0
202
5.3
162
Aurum Kaleidoscope Foundation
Corporate Foundation
6.8
0.0
0
350
2.9
163
Association of Jewish Refugees
General Foundation
6.8
19.4
50
169
6.2
164
Reuben Foundation
General Foundation
6.8
27.6
0
37
27.0
165
Cumbria Community Foundation
Community Foundation
6.7
34.9
15
175
5.8
166
Rehabilitation Trust
General Foundation
6.6
0.0
0
166
6.3
167
Dunhill Medical Trust
Family Foundation
6.6
164.2
6
443
2.2
168
Access to Justice Foundation
Fundraising Grantmaker
6.6
4.4
12
157
6.7
169
Said Foundation
Family Foundation
6.5
43.1
5
387
2.6
170
Clergy Support Trust
General Foundation
6.5
116.1
21
223
5.0
171
Stewards Company Ltd
Family Foundation
6.4
158.5
5
177
5.7
172
A B Charitable Trust
Family Foundation
6.4
1.9
7
178
5.7
173
Legal Education Foundation
General Foundation
6.3
271.3
20
101
11.2
174
Helen Hamlyn Trust
Family Foundation
6.3
3.9
3
471
2.0
175
Quintin Hogg Trust
General Foundation
6.3
25.7
1
230
4.8
176
Allan & Gill Gray Philanthropy
Family Foundation
6.1
0.9
0
190
5.5
177
Dunard Fund
Family Foundation
6.1
61.0
0
635
1.3
178
Art Fund
Fundraising Grantmaker
6.1
54.3
80
363
2.7
179
Unwin Charitable Trust
General Foundation
6.1
0.0
0
575
1.5
180
Samworth Foundation
Family Foundation
6.1
63.3
3
211
5.2
181
Westminster Foundation
Family Foundation
6.1
151.5
0
155
6.7
182
Rothschild Foundation (Hanadiv) Europe
Family Foundation
6.0
127.7
6
156
6.7
183
Postcode Neighbourhood Trust
Fundraising Grantmaker
6.0
0.7
0
262
4.1
184
Bernard Lewis Family Charitable Trust
Family Foundation
5.9
4.9
1
218
5.0
185
Postcode Society Trust
Fundraising Grantmaker
5.9
0.7
0
267
4.0
186
Monday Charitable Trust
Family Foundation
5.9
96.1
0
1,238
0.5
187
Mittal Foundation
Family Foundation
5.8
5.7
0
63
16.3
188
Headley Trust
Family Foundation
5.7
71.6
10
194
5.5
189
Project Giving Back
General Foundation
5.7
1.3
2
10,157
0.0
190
Portal Trust
General Foundation
5.6
291.1
9
182
5.7
191
Backstage Trust
Family Foundation
5.6
20.9
0
264
4.1
192
Calleva Foundation
Family Foundation
5.6
8.9
0
60
17.3
193
Exilarch's Foundation
General Foundation
5.5
88.6
0
270
3.9
194
Buttle UK
General Foundation
5.5
72.8
22
187
5.6
195
Clore Duffield Foundation
Family Foundation
5.5
69.6
2
282
3.7
196
Enthuse Charitable Trust
General Foundation
5.5
3.2
0
242
4.5
197
SF Foundation
General Foundation
5.5
39.1
0
314
3.3
198
Hollyhock Charitable Foundation
General Foundation
5.4
27.4
0
435
2.2
199
Hertfordshire Community Foundation
Community Foundation
5.4
16.4
16
208
5.2
200
Neighbourly Foundation
General Foundation
5.4
1.6
0
197
5.4
201
Anglo American Foundation
Corporate Foundation
5.3
70.9
0
89
12.9
202
Jabbs Foundation
General Foundation
5.3
2.1
2
463
2.1
203
29th May 1961 Charity
Family Foundation
5.3
131.1
0
250
4.3
204
Jordan Charitable Foundation
General Foundation
5.3
140.0
0
364
2.7
205
Access - The Foundation for Social Investment
Government/Lottery Endowed
5.3
27.9
9
164
6.5
206
Tolkien Trust
General Foundation
5.3
37.4
0
183
5.7
207
M and R Gross Charities Limited
Family Foundation
5.2
48.1
0
245
4.4
208
John Ellerman Foundation
Family Foundation
5.2
151.4
6
168
6.2
209
John Innes Foundation
General Foundation
5.2
42.0
0
566
1.5
210
Nesta
Government/Lottery Endowed
5.2
477.9
494
195
5.4
211
GroceryAid
Member/Trade Funded
5.1
13.2
53
388
2.6
212
Impact Funding Partners Limited
General Foundation
5.1
0.6
7
401
2.5
213
Aberdeen Foundation
General Foundation
5.0
1.1
0
133
8.0
214
Swire Charitable Trust
Corporate Foundation
5.0
6.5
0
280
3.8
215
John Black Charitable Foundation
General Foundation
4.9
77.3
3
263
4.1
216
Norfolk Community Foundation
Community Foundation
4.9
30.0
26
186
5.6
217
The Prince of Wales's Charitable Foundation
Family Foundation
4.9
9.3
33
215
5.1
218
Northwood Charitable Trust
Family Foundation
4.9
102.0
0
229
4.8
219
Standard Chartered Foundation
Corporate Foundation
4.9
44.6
0
88
13.0
220
Gaudio Family Foundation
Family Foundation
4.8
60.7
0
172
6.0
221
Kusuma Trust UK
Family Foundation
4.8
496.5
7
184
5.6
222
Generation Foundation
Corporate Foundation
4.8
30.0
4
118
10.0
223
Jerusalem Trust
Family Foundation
4.8
114.4
8
307
3.4
224
Yesamach Levav
General Foundation
4.8
0.2
5
296
3.5
225
Aruna and Ambika Paul Foundation
General Foundation
4.8
5.6
0
2,769
0.1
226
Darwin Trust Of Edinburgh
General Foundation
4.8
166.3
0
257
4.2
227
Raphael Freshwater Memorial Association
Family Foundation
4.8
102.9
0
198
5.4
228
Bedfordshire and Luton Community Foundation
Community Foundation
4.7
3.7
7
234
4.7
229
Mike Gooley Trailfinders Charity
Family Foundation
4.7
28.3
0
171
6.0
230
Salvation Army Retired Officers Allowance Scheme
Member/Trade Funded
4.7
126.6
0
232
4.7
231
Movember Europe
Fundraising Grantmaker
4.7
55.1
59
220
5.0
232
Pets at Home Foundation
Corporate Foundation
4.7
4.4
11
224
4.9
233
Lucille Foundation
General Foundation
4.7
1.0
0
221
5.0
234
Corporation of Trinity House of Deptford Strond
General Foundation
4.7
253.4
23
295
3.5
235
Quartet Community Foundation
Community Foundation
4.7
69.6
23
154
6.8
236
Leverhulme Trade Charities Trust
General Foundation
4.7
90.3
0
344
3.0
237
Muslim Charity Helping the Needy
Fundraising Grantmaker
4.6
3.8
22
191
5.5
238
William Grant Foundation
Corporate Foundation
4.6
0.0
0
239
4.6
239
Cambridgeshire Community Foundation
Community Foundation
4.6
17.4
8
351
2.9
240
Greggs Foundation
Corporate Foundation
4.6
26.8
10
288
3.5
241
Cymru Football Foundation Limited
Fundraising Grantmaker
4.5
5.4
4
5,180
0.0
242
Maurice Wohl Charitable Foundation
Family Foundation
4.5
73.3
4
135
7.9
243
Suffolk Community Foundation
Community Foundation
4.5
23.5
16
243
4.5
244
Amabrill Ltd
General Foundation
4.4
27.0
0
298
3.4
245
People's Health Trust
General Foundation
4.4
6.3
24
248
4.4
246
ASCB Charitable Fund
Member/Trade Funded
4.4
13.3
6
271
3.9
247
Holywood Trust
Family Foundation
4.4
73.0
0
287
3.5
248
Essex Community Foundation
Community Foundation
4.4
48.9
16
246
4.4
249
Broom Foundation
General Foundation
4.4
1.1
9
236
4.7
250
Bernard Sunley Foundation
Family Foundation
4.4
172.4
3
258
4.2
251
Bank of Scotland Foundation
Corporate Foundation
4.4
2.6
0
193
5.5
252
Syncona Foundation
Corporate Foundation
4.4
4.1
0
400
2.5
253
R & A Foundation
General Foundation
4.4
14.2
0
235
4.7
254
Hadley Trust
Family Foundation
4.3
345.6
3
294
3.5
255
North London Welfare and Educational Foundation
General Foundation
4.3
0.8
0
362
2.8
256
Eveson Charitable Trust
Family Foundation
4.3
106.3
3
192
5.5
257
ABC Trust
General Foundation
4.3
1.4
0
241
4.5
258
Dutch Oak Tree Foundation
General Foundation
4.3
0.0
0
170
6.0
259
Royal Commission for the Exhibition of 1851
General Foundation
4.3
143.8
5
231
4.7
260
United Jewish Israel Appeal
General Foundation
4.3
7.0
35
240
4.5
261
Chellaram Foundation
General Foundation
4.3
6.8
0
1,319
0.4
262
LSEG Foundation
General Foundation
4.2
5.3
0
325
3.2
263
Good Things Foundation
General Foundation
4.2
3.9
71
200
5.3
264
Baring Foundation
General Foundation
4.2
105.1
6
309
3.3
265
Bederech Kovod
General Foundation
4.2
0.0
1
299
3.4
266
Architectural Heritage Fund
General Foundation
4.2
18.1
20
448
2.1
267
Synchronicity Earth
General Foundation
4.2
11.4
26
341
3.0
268
Somerset Community Foundation
Community Foundation
4.2
14.7
15
214
5.1
269
Nigel Vinson Charitable Trust
General Foundation
4.2
0.0
0
10,158
0.0
270
February Foundation
General Foundation
4.2
68.8
1
261
4.1
271
Charity of Sir Richard Whittington
General Foundation
4.2
118.7
0
213
5.1
272
Shine: Support and Help in Education
General Foundation
4.1
5.9
9
1,297
0.5
273
Maurice and Vivienne Wohl Philanthropic Foundation
Family Foundation
4.1
82.1
5
227
4.8
274
Kolyom Trust Limited
General Foundation
4.1
2.3
1
300
3.4
275
Barratt Developments PLC Charitable Foundation
Corporate Foundation
4.1
1.2
0
276
3.8
276
Shulem B. Association Limited
General Foundation
4.1
51.5
0
273
3.9
277
Elma Foundation (UK)
Family Foundation
4.1
5.4
0
226
4.9
278
Equinoxe Trust
General Foundation
4.1
-1.2
0
1,254
0.5
279
Ezer Viznitz Foundation
General Foundation
4.1
0.0
0
286
3.5
280
St Martin-in-the-Fields Charity
Fundraising Grantmaker
4.0
4.2
22
323
3.2
281
Postcode Places Trust
Fundraising Grantmaker
4.0
0.5
0
404
2.4
282
Reed Foundation
General Foundation
4.0
23.4
0
420
2.3
283
Issa Foundation
Family Foundation
4.0
20.8
20
138
7.8
284
Gilmoor Benevolent Fund Limited
General Foundation
4.0
49.5
0
311
3.3
285
Jerusalem Foundation
General Foundation
4.0
4.6
1
569
1.5
286
Royal Society of Chemistry
Member/Trade Funded
4.0
98.1
735
297
3.4
287
Gemach Ltd
General Foundation
3.9
0.8
0
303
3.4
288
UnLtd
Government/Lottery Endowed
3.9
172.6
56
126
8.7
289
David & Ruth Lewis Family Charitable Trust
Family Foundation
3.9
24.8
0
434
2.2
290
Global Greengrants Fund UK
General Foundation
3.9
2.5
7
594
1.5
291
Ethos Foundation
General Foundation
3.9
54.7
0
476
2.0
292
Stelios Philanthropic Foundation
Family Foundation
3.8
31.8
4
615
1.4
293
Crucible Foundation
General Foundation
3.8
44.7
0
515
1.8
294
Community Foundation in Wales
Community Foundation
3.8
23.5
11
464
2.0
295
Kent Community Foundation
Community Foundation
3.8
34.9
16
238
4.6
296
I T F Seafarers Trust
Member/Trade Funded
3.8
35.0
5
212
5.1
297
Justice Collaborations
General Foundation
3.7
6.6
0
256
4.2
298
People's Postcode Trust
Fundraising Grantmaker
3.7
0.8
0
410
2.4
299
ShareGift
Fundraising Grantmaker
3.7
6.1
5
370
2.7
300
Postcode Community Trust
Fundraising Grantmaker
3.7
0.9
0
394
2.5
Source: 360Giving analysis of data from charity regulators and charity accounts.
Notes: Excludes Fantastic Peach Foundation UK, which had grant spending of £28m in 2023-24 but is a time-limited foundation transferring to a Donor-Advised Fund so would skew trends if included for just one year.
In the sections above we have looked at the trends in assets over a one year period, however, many of these foundations take a long-term view, with some having held and developed assets for decades, if not centuries.
An endowment is a financial asset, typically in the form of an investment fund, which is established by a charitable foundation or organisation to provide a long-term, stable source of income for its activities and operations. The principal amount of the endowment is usually preserved, while the income generated from the investments is used to support the foundation’s objectives and grantmaking. Some foundations have what is known as an expendable endowment, which allows them to use the endowment more flexibly to further their charitable objectives without preserving it or focusing on the accumulation of assets to generate future income. This can include ‘spending down’ to close the organisation rather than requiring it to exist in perpetuity, or making social investments where income returns may be lower or non-existent.
To consider this longer-term picture, we have looked at the five-year trends of the 100 organisations with the largest endowments – noting that changes in endowment values are a reflection of not only investment performance, but also organisational strategy which may include distributing assets through grantmaking.
The total value of the largest 100 endowments in 2023-24 was £50bn excluding Wellcome Trust, and £81bn including Wellcome. Note that the largest 100 endowments includes Charities who make grants, not just Trusts and Foundations.
There were some newly created organisations, or newly donated endowment funds, during the period, so we have considered the trends of only the 94 organisations with an endowment over the whole five-year period.
Grantmakers with the largest endowments summary
Total endowment, 2019-20 to 2023-24 (£ millions)
Financial Year
All grantmakers (inflation adjusted)
Excl Wellcome Trust (inflation adjusted)
All grantmakers (unadjusted)
Excl Wellcome Trust (unadjusted)
2023-24
80,924.3
47,466.0
80,924.3
47,466.0
2022-23
83,070.5
46,496.9
78,590.8
43,989.5
2021-22
92,927.9
50,767.7
79,924.2
43,663.7
2020-21
85,960.5
52,318.2
71,088.2
43,266.5
2019-20
76,755.1
46,082.7
63,096.9
37,882.5
360Giving analysis of data from charity regulators and charity accounts • Adjusted for inflation, using CPI.
Based on trends for 94 grantmakers with five years of data on endowments.
Endowment levels have remained relatively flat in recent years, representing a decline in real terms since 2020-21. For those with March financial year ends, there was a temporary dip at the end of 2019-20 reflecting how the uncertainty of the pandemic impacted market values in March 2020, but this quickly returned in 2020-21. The change between the years is partially a consequence of the year-end snapshot timing rather than a reflection of underlying performance. Nevertheless, the higher inflation since 2021 has had an impact, with growth in endowment values not sustained at these high rates, representing an erosion overall.
Grantmakers with the largest endowments
Total endowment, 2019-20 to 2023-24 (£ millions)
HIDE DEFAULT SORT ORDER
Name
Segment
2023-24
2022-23
2021-22
2020-21
2019-20
1
Wellcome Trust
Wellcome Trust
33,458.2
34,601.3
36,260.6
27,821.8
25,214.4
2
Garfield Weston Foundation
Family Foundation
9,984.4
8,294.8
7,058.1
9,661.6
7,330.6
3
Church Commissioners for England
Charity
9,098.6
9,056.6
8,645.5
7,572.4
6,996.4
4
Children's Investment Fund Foundation (UK)
Family Foundation
3,728.0
3,350.0
3,642.4
3,910.0
3,955.1
5
Motability
Charity
1,704.2
1,224.4
1,235.0
1,153.8
1,011.0
6
Henry Smith Charity
General Foundation
1,256.6
1,224.1
1,386.0
1,200.0
1,088.3
7
The Health Foundation
General Foundation
1,175.1
1,146.8
1,218.5
1,105.9
1,053.4
8
Wolfson Foundation
Family Foundation
948.1
881.8
927.5
875.0
688.9
9
Denise Coates Foundation
Family Foundation
925.8
713.9
652.0
548.1
374.3
10
City Bridge Foundation
General Foundation
904.3
969.2
1,030.0
979.5
984.2
11
Paul Hamlyn Foundation
Family Foundation
861.1
875.2
915.0
905.2
736.4
12
Guy's and St Thomas' Foundation
General Foundation
855.4
913.6
930.6
880.5
737.3
13
Khodorkovsky Foundation
Family Foundation
602.8
565.0
627.2
538.0
475.1
14
Gatsby Charitable Foundation
Family Foundation
520.3
536.2
604.4
517.1
457.4
15
Kusuma Trust UK
Family Foundation
489.7
448.3
485.3
452.1
408.2
16
Nuffield Foundation
Family Foundation
472.8
451.6
499.9
421.9
390.1
17
Gerald and Gail Ronson Family Foundation
Family Foundation
471.3
443.2
343.4
217.1
211.7
18
Shell Foundation
Corporate Foundation
448.3
442.0
456.5
422.4
396.9
19
Christian Vision
Family Foundation
417.2
434.4
454.7
401.8
378.4
20
Nesta
Government/Lottery Endowed
411.9
408.5
451.6
458.6
391.6
21
The Rhodes Trust
Family Foundation
403.8
407.1
425.5
344.1
317.8
22
Barts Charity
NHS/Hospital Foundation
395.0
358.0
364.3
326.7
284.1
23
John Lyon's Charity
General Foundation
385.6
390.1
436.0
391.7
345.0
24
Dulwich Estate
General Foundation
376.8
366.0
366.8
354.0
318.4
25
Hadley Trust
Family Foundation
345.6
296.6
348.6
287.2
210.2
26
Fidelity UK Foundation
Corporate Foundation
338.2
336.4
338.8
289.0
273.3
27
St Monica Trust
Charity
318.4
313.0
311.6
266.5
282.2
28
Ernest Cook Trust
General Foundation
312.8
295.1
207.6
188.2
174.1
29
Morden College
Charity
308.1
295.9
295.6
266.6
239.3
30
Trust for London
General Foundation
290.0
308.6
354.2
363.4
342.0
31
Lloyd's Register Foundation
Corporate Foundation
289.1
292.5
318.2
308.3
276.4
32
Joseph Rowntree Charitable Trust
Family Foundation
278.8
268.5
348.7
296.3
267.4
33
Portal Trust
General Foundation
274.8
254.5
250.5
248.1
166.9
34
Big Win Philanthropy
General Foundation
242.6
177.1
121.5
33.7
31.4
35
Corporation of Trinity House of Deptford Strond
General Foundation
240.3
251.9
263.3
257.4
265.7
36
Cyril Taylor Charitable Foundation
General Foundation
235.6
277.6
264.5
160.1
229.4
37
Royal Society
Charity
224.7
203.3
220.7
208.7
160.1
38
John Armitage Charitable Trust
Family Foundation
210.6
169.6
170.7
150.1
109.5
39
Michael Uren Foundation
Family Foundation
205.7
190.1
251.6
200.7
32.9
40
Gannochy Trust
Family Foundation
196.5
177.9
207.9
183.8
184.8
41
Royal Literary Fund
Member/Trade Funded
193.9
181.7
190.3
176.5
151.8
42
Clothworkers' Foundation
Member/Trade Funded
192.8
168.9
104.8
90.5
89.7
43
Constance Travis Charitable Trust
Family Foundation
169.7
155.4
188.5
166.4
156.4
44
Edward Penley Abraham Research Fund
General Foundation
168.6
160.9
177.0
185.7
123.9
45
Campden Charities Trustee
General Foundation
164.4
164.9
168.4
160.7
148.3
46
Dunhill Medical Trust
Family Foundation
164.2
156.1
162.8
157.2
126.9
47
Goldsmiths' Company Charity
Member/Trade Funded
160.9
156.2
165.6
157.9
132.2
48
Stewards Company Ltd
Family Foundation
155.2
149.1
165.3
150.2
143.9
49
Millennium Awards Trust
Government/Lottery Endowed
154.7
143.7
153.1
148.9
117.9
50
UnLtd
Government/Lottery Endowed
154.7
143.7
153.1
148.9
117.9
51
P F Charitable Trust
Family Foundation
153.0
140.4
143.7
133.2
106.7
52
CHK Foundation
Family Foundation
152.0
146.8
149.8
136.7
130.1
53
John Ellerman Foundation
Family Foundation
151.4
144.6
155.6
149.7
128.9
54
Maudsley Charity
NHS/Hospital Foundation
143.7
133.2
143.0
163.8
137.4
55
Linbury Trust
Family Foundation
141.3
136.8
143.6
138.8
120.3
56
Richmond Charities
General Foundation
132.6
130.5
140.7
130.7
125.5
57
29th May 1961 Charity
Family Foundation
131.1
127.0
131.0
127.8
101.3
58
Rothschild Foundation (Hanadiv) Europe
Family Foundation
127.7
134.5
134.5
135.2
127.4
59
Eranda Rothschild Foundation
Family Foundation
125.7
119.4
126.0
120.9
104.3
60
Salvation Army Retired Officers Allowance Scheme
Member/Trade Funded
124.6
120.9
130.9
127.8
103.9
61
Harpur Trust
General Foundation
119.1
116.4
124.6
96.9
98.0
62
Benefact Trust Limited
Corporate Foundation
117.1
110.6
115.8
104.1
109.4
63
Richmond Foundation
General Foundation
115.0
114.3
113.6
105.5
97.5
64
Jerusalem Trust
Family Foundation
114.2
108.4
115.7
114.2
92.5
65
St John's Foundation Est. 1174
General Foundation
112.3
109.8
122.8
115.4
126.2
66
Sir Jules Thorn Charitable Trust
Family Foundation
111.9
108.4
128.8
128.5
121.9
67
Walcot Educational Foundation
General Foundation
110.8
107.7
110.4
110.5
90.1
68
Sir Andrew Judd Foundation
Charity
108.0
107.1
106.7
97.0
99.4
69
Eveson Charitable Trust
Family Foundation
106.3
101.9
110.8
113.4
91.8
70
Cecil and Alan Pilkington Trust Fund
General Foundation
105.7
97.8
94.0
89.0
73.0
71
Oxford Centre for Islamic Studies
General Foundation
105.4
93.9
96.1
89.1
74.8
72
Gerald Palmer Eling Trust Company
General Foundation
104.4
89.4
90.1
87.9
86.3
73
Goodman Foundation
Corporate Foundation
102.1
92.6
83.1
72.3
65.9
74
Simon Gibson Charitable Trust
General Foundation
101.4
22.4
24.3
22.5
17.0
75
Dame Alice Owen's Foundation
Member/Trade Funded
98.3
98.4
97.4
92.7
93.1
76
Gosling Foundation Limited
Family Foundation
98.0
90.5
98.7
90.0
87.0
77
Charity of Sir Richard Whittington
General Foundation
97.3
94.7
98.2
95.6
78.8
78
Monday Charitable Trust
Family Foundation
96.1
95.6
96.8
95.1
89.8
79
Nuffield Trust for Research and Policy Studies in Health Services
General Foundation
96.0
92.9
103.5
95.1
93.0
80
Community Foundation North East
Community Foundation
95.8
89.2
95.9
93.4
75.9
81
HDH Wills 1965 Charitable Trust
General Foundation
93.1
90.6
91.7
86.8
82.3
82
Liz and Terry Bramall Foundation
Family Foundation
90.7
91.0
91.5
91.9
92.2
83
Sir Thomas White's Charity
General Foundation
89.5
87.9
82.9
72.6
74.4
84
Trusthouse Charitable Foundation
General Foundation
84.6
82.9
91.5
81.7
82.4
85
Keswick Foundation Limited
General Foundation
82.9
108.2
104.4
105.2
108.5
86
Maurice and Vivienne Wohl Philanthropic Foundation
Family Foundation
82.1
78.0
98.8
87.8
84.6
87
Racing Foundation
Government/Lottery Endowed
81.8
77.9
87.2
80.1
76.8
88
Barrow Cadbury Trust
Family Foundation
81.5
77.8
67.1
61.7
59.8
89
John James Bristol Foundation
Family Foundation
80.0
79.5
86.7
77.3
79.6
90
River Farm Foundation
General Foundation
76.1
58.8
60.0
64.4
45.5
91
King Henry VIII Endowed Trust, Warwick
General Foundation
75.3
69.3
76.4
68.5
59.1
92
Greenham Trust Ltd
General Foundation
74.7
79.2
78.5
73.5
60.3
93
Ernest Kleinwort Charitable Trust
Family Foundation
74.4
68.3
73.0
70.5
57.1
94
Maurice Wohl Charitable Foundation
Family Foundation
73.3
74.1
88.4
82.9
87.5
Source: 360Giving analysis of data from charity regulators and charity accounts • Adjusted for inflation, using CPI.
Based on trends for 94 grantmakers with five years of data on endowments.
No new foundations entered the largest grantmakers list in 2023-24 in their first year of grantmaking – which contrasts with recent years where we saw the founding of several grantmakers during, and directly following, the pandemic.
While there have always been time-limited foundations, an observation during 2023-24 included foundations who entered the list of largest foundations as they were spending out, despite being new.
For example, Fantastic Peach Foundation, set up by the Dahl family, made its first grants in 2022-23 of £3.5m, increasing to £28.3m in 2023-24 including a transfer of £21.8m to a Donor-Advised Fund. It is a new foundation, but already in the process of spending out.
Similarly, Project Giving Back was founded by two private philanthropists and made grants of £5.7m in 2023 and £4.9m in 2024 and plans to spend out by 2026.
Some foundations appeared in the list of largest grantmakers for the first time, not because they are new, but because they have substantially increased grantmaking to spend out – for example the Nigel Vinson Charitable Trust was established in 1973 and closed in 2023, increasing grantmaking from around £200k a year to £4.2m as it made a grant to the Institute of Economic Affairs to spend out the assets.
Over 200 new foundations were registered in 2023 and 2024, some of which may move into the largest foundations lists in future years.
ACF members
The Association of Charitable Foundations (ACF) is the membership association for foundations and independent grantmakers in the UK. Its purpose is to strengthen trusts and foundations so they can rise to the challenges of our times and they do this through the provision of policy and advocacy, research and information, and a wide-ranging programme of events and learning. In 2023-24, the largest 200 members collectively held assets of over £75bn and distributed grants of £6.2bn, an increase of 13% from 2022-23. In addition, it supported 170 collaborative projects between funders on the Funders Collaborative Hub.
Largest 200 ACF members summary
Totals
2023-24 Total
2022-23 Total
Percentage Change
Grantmaking (£m)
6,170.9
5,478.9
13
Income (£m)
7,007.8
7,372.8
-5
Expenditure (£m)
8,742.3
8,078.9
8
Net Assets (£m)
75,345.5
74,189.4
2
Employees
16,511.0
15,622.0
6
Source: 360Giving analysis of data from charity regulators and charity accounts.
Percentage change calculated only for organisations with data in both years.
The 2023–24 financial year marked a period of immense need. Communities across the UK continued to feel the effects of prolonged economic and social pressures, including the cost-of-living crisis, inflation and public service strain. Against this backdrop, it is positive to see that overall grantmaking spending increased.