The Nationwide Foundation

The Nationwide Foundation is an independent charity that improves the lives of people in need. It does this by funding charitable causes in the UK and influencing change.

At the heart of what the Nationwide Foundation does is a commitment to tackling the root causes of the social issues that lead to disadvantage, poverty and inequality. Since 2013, the Nationwide Foundation’s vision has been for everyone in the UK to have access to a decent home that they can afford.

Charitable Assignment

The Nationwide Foundation (the Foundation) is a registered charity (number 1065552) established in 1997 and capable of carrying out all charitable purposes under English law.

The Nationwide Foundation is the beneficiary of the charitable assignment scheme put in place by the Society with effect from 3 November 1997. The scheme was put in place in order to address the disruption caused to the Society’s business from persons seeking to make short term gains from a demutualisation of the Society.

Nationwide Foundation

Customers who have become members of the Society since 3 November 1997 have (with certain exceptions) been required under the scheme to assign their rights to conversion benefits to the Foundation in the event that the Society’s business is transferred to a company. On acceptance of an application to the Society and opening an account, customers automatically become members of the Foundation. It is intended that each of the Society and the Foundation has the right independently to enforce the scheme against such members.

Contact the Nationwide Foundation

The Nationwide Foundation welcomes feedback from members about its strategy or operations. You can get in touch with the Nationwide Foundation by emailing enquiries@nationwidefoundation.org.uk, calling 01793 655113 or writing to;

The Nationwide Foundation
Nationwide House
Pipers Way
Swindon
SN38 2SN

Nationwide Building Society provide its funding as a proportion of the 1% pre-tax profit that we agreed to donate to charitable causes from April 2008.

The Nationwide Foundation takes the money we provide and uses it to award grants and social investments to charitable causes that fits with its current funding strategy. Since it was established, the Nationwide Foundation has awarded over £30 million to more than 3,000 charitable causes across the UK.

The Nationwide Foundation awards grants and social investments, as well as working to influence changes to policy and practice.

A board of trustees runs the Nationwide Foundation in accordance with its charitable objects. These are 'to promote such purposes being exclusively charitable according to the law of England and Wales as the trustees shall from time to time determine'.

Funding and strategic decisions are made by the Nationwide Foundation's board of trustees, which is independent of Nationwide. Nationwide Building Society doesn't necessarily endorse the organisations funded by the Foundation. Instead it respects the Nationwide Foundation's right to create its own strategy to tackle social issues.

The Foundation's board comprises of ten trustees who meet quarterly, with sub-committees which meet more regularly. The trustees are drawn from a wide variety of professional backgrounds, including the voluntary, public, private and commercial sectors. The trustees are all members of the Nationwide Foundation and serve a maximum term of six years, except the chair who is able to serve for a maximum of nine years.

When vacancies arise, trustees are recruited via open advertisement on the Foundation's website and usually in relevant press publications such as Third Sector, The Times and The Guardian.

If you joined the Society after from 3 November 1997, you'll automatically have become a charity member of the Foundation and, in the unlikely event of conversion, any conversion benefits you would've received will be instead be given to the Nationwide Foundation to support its charitable objects.

Members who joined the Society before 3 November 1997 can also join the Foundation, but must give up their right to any potential conversion benefits. If you would like to know more about this, ask at your local branch or call 0800 30 20 11.

The Nationwide Foundation's current funding strategy has a vision that everyone in the UK should have access to a decent home they can afford. It seeks to achieve this through three programmes:

  1. Nurturing Ideas to Change the Housing System
  2. Backing Community-Led Housing
  3. Transforming the Private Rented Sector.

We support thousands of charities and community projects throughout the UK