Northern Rock Foundation is an independent charity and company limited by guarantee, which aims to tackle disadvantage and improve quality of life in the North East and Cumbria. An independent Board of Trustees representing a wide range of interests in the community makes all decisions on governance, finance and policy, supported by a staff of 13.
The Foundation gives grants to organisations which help people who are vulnerable, disadvantaged, homeless living in poverty or are victims of crime or discrimination. We also support training, research and demonstration work and gather and share learning from the activities we fund. Where appropriate we seek to inform and influence wider regional and national policies and practice.
The Foundation was established when Northern Rock de-mutualised in 1997. Up to December 2007 Northern Rock donated 5% of its annual pre-tax profits to the Foundation, and has subsequently made an annual donation of £15 million.
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