“Bigger and better” – that is the promise of this year’s Lloyd’s Market Charity Awards, the applications for which are now open.
Run by Lloyd’s Charities Trust, the awards have granted £900,000 to nominated charities over the past decade. This time around, up to £25,000 in donations will be awarded to 30 charities in response to the impact of the coronavirus crisis to their funding.
Lloyd’s of London said the donation will be based on the size of the charity and its eligibility to manage the donation. Permanent employees working in the Lloyd’s market are eligible to apply and must demonstrate direct and sustained personal engagement with their nominated charities either as a volunteer, fundraiser, trustee, or services beneficiary.
Meanwhile Corporation employees, or those working for Lloyd’s itself, are excluded. A separate scheme will be run for them this year.
Applications will close on July 31 and will be reviewed by the trustees of Lloyd’s Charities Trust in August. They will be looking for charities or community interest companies that benefit from the active involvement of someone working within the Lloyd’s market; charities that have supported the applicant during difficult times; or smaller, local charities who might struggle to receive funding.
Awards will not be made to individuals; political parties or lobbying organisations; grant-making bodies; and organisations whose objectives might be deemed detrimental to those of the Lloyd’s market.
