Key Facts & Figures

Key figures

• Since establishment in 1985, the Foundation has awarded almost £85m to charities across Scotland.
  
  
• Over the last five years the Foundation has awarded the following funds to Scotland’s charities:

• The Foundation has made over 12,000 awards to charities across Scotland. These range from the well known, such as Children 1st, to small individual community groups receiving a few hundred pounds for a local project. A full list of the awards made by the Foundation is available in the Our Grants section of the website, under 'Our Latest Awards'.
  
  
• The Partnership Drugs Initiative (PDI) has been running since 2000 and is funded by the Foundation and the Scottish Government. The initiative works with children and young people around issues of drug and alcohol misuse. Since establishment, just over £14 million has been awarded through the PDI to voluntary organisations across Scotland.
  
  
• Since 1997, the Foundation has allocated around £30m to support salaries – and therefore jobs - in the charitable sector.
  
  
• If the Foundation accepted the offer from Lloyds Banking Group, we estimate that Scotland’s charities would lose out on approximately £22 million over the next nine years.

Background to the Foundation and how it is funded

• In 1810, the Trustee Savings Bank was established by The Reverend Henry Duncan, in Ruthwell, Dumfriesshire. He started the Bank so that everyone, regardless of wealth or position, could benefit from a savings bank.
  
  
• In 1985, four independent charitable trusts (Scotland, England & Wales, Northern Ireland, Channel Islands) were created by the will of an Act of Parliament when the Trustee Savings Bank Group was floated on the Stock Market.
  
  
• As a result of the Act of Parliament, a covenant was implemented which stated that Lloyds Banking Group should distribute 1% of pre-tax profits, averaged over three years, to the foundations. Scotland receives 19.46% of this amount.
  
  
• Lloyds Banking Group chose to serve notice on this agreement in early 2010, and there is now a nine year notice perod until the covenant is termnated.
  
  
• The covenant also states the Lloyds TSB Foundation for Scotland is a wholly independent organisation with a Chairman and Board of up to 12 Trustees, who are unpaid and are accountable for the work of the Foundation.
  
  
• In 1995, the covenant continued following the merger between TSB Group and Lloyds Bank. This merger significantly increased the Foundation’s income and the Foundation became the largest Scottish independent grant-making Trust. Following the creation of the Lloyds Banking Group, after the acquisition of HBoS, the covenant still stood until the Group served notice on it in early 2010.
  
  
• As the Foundation is an independent charitable organisation, Lloyds Banking Group has no say in how the Foundation disburses its funds.