The Foundation will have the specific objective of providing financial support to help the disabled and underprivileged lead a full life through engagement in education, sport and associated activities, with an initial focus on assisting those who are under 18.
The Foundation will be funded through a transfer of shares held by Peter Hargreaves in Hargreaves Lansdown plc to the Foundation. The value of the transfers in the first year will be approximately £100 million with the intention of further meaningful grants over time. The initial shares transferred will be held by the Foundation for at least a two year period with the dividend income from these shares available for grant spending in line with the Foundation’s objectives.
View the full announcement and more information here: https://www.thehargreavesfoundation.org/