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.”