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.