Charities among biggest losers
Monday 27 February 1995
All the ordinary shares in the bank are owned by the Baring Foundation, a charity set up by the Baring family in the late 1960s. It dispensed £8.7m in 1993 to other charities, making it the fourth largest general purpose foundation in Britain, according to the Guide to the Major Trusts. This figure was expected to have increased considerably in 1994 following record profits.
The great bulk of the foundation's resources comes from dividends from the bank - out of total income of £8.7m in 1991, £7m came from Barings, with the rest generated by its own investments. Many leading members of the Baring family are active trustees.
As of last autumn the trustees were: Lord Ashburton (formerly Sir John Baring); Nicolas Baring, Tessa Baring, RD Broadley; Lord Howick; Lady Lloyd; Lord Adrian; MJ Rivett-Carnac; Sir Ashley Ponsonby; Sir Crispin Tickell; and Martin Findlay.
The foundation has a high profile in the charity world and is considered a progressive institution, according to the Guide to Major Trusts. It was one of the first of its kind to publish full annual reports on its policies, in sharp contrast to the secretive operations of most City charities. It has taken a lead in trying to direct more of its grants towards the provinces and away from the more-favoured areas of London and the South- east. It has also taken on expert staff.
- 1 Frank Lampard's face drops when Holly Willoughby introduces him as a 'Man City legend'
- 2 'Do not give them a reason': Baltimore man divides police and rioters in hope of avoiding violence
- 3 X Factor in crisis as numbers of people auditioning plummets
- 4 Baltimore riots: Furious mother marches her son home live on TV
- 5 General Election 2015: Stephen Hawking says he will vote Labour
General Election 2015: Tories sack candidate who said she would never support 'the Jew' Ed Miliband
Bali Nine executions: Indonesia confirms killings of Andrew Chan and Myuran Sukumaran will go ahead
The four utterly contradictory polls that tell the story of this election and why it is pointless trying to predict the outcome
General Election 2015: Prospect of Labour-SNP coalition makes one in four voters less likely to support Ed Miliband, says survey
Baltimore riots: Furious mother marches her son home live on TV
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
EU exit would hit UK economy much harder than neighbouring countries, study finds
Andrew Lloyd Webber: Phantom of the Opera writer mocked after issuing a warning about Ed Miliband and Nicola Sturgeon
General election 2015: Labour will toughen hate crimes legislation surrounding Islamophobia
iJobs Money & Business
£Basic (OTE) + Uncapped Commission: Guru Careers: A Stockbroker (qualified / p...
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...