THOMSON REUTERS FOUNDATION
We work to advance media freedom, foster more inclusive economies, and promote human rights. Through news, media development, free legal assistance and convening initiatives, we combine our unique services to drive systemic change. We believe that societies around the world should be free, fair and informed.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £49K for the year ended 31 December 2025, with total income of £22,925K and total expenditure of £22,884K. Per the trustees' report, unrestricted reserves stood at £5,775K, which is above the stated policy target of approximately six months of average operating expenditure (£4,420K). The trustees confirmed that the charity has adequate resources to remain operational for at least 20 months from the date of the report.
What the accounts disclose
“£330K - £340K (2024: of which 70% is paid as a Gift in Kind by Thomson Reuters Group (2024: Nil)) 1” — page 79
“the Trustees considered the Foundation’s income, expenditure commitments and operational risks, and concluded that unrestricted reserves equivalent to around six months of average operating expenditure remain appropriate. In 2025, this target was £4,420K”
“The Foundation’s wholly owned subsidiary, Reuters Foundation Consultants Limited (RFCL), was established to operate the trading activities of the Foundation.” — page 51
Year-over-year changes
- Top pay band moved from £290K - £300K (FY2024) to £330K - £340K (FY2025).
In the news
- Thomson Reuters Foundation Seeks AI Consultant to Train and Mentor Kenyan Newsrooms - Apply by 28 July 2026
- A pioneering report by the Thomson Reuters Foundation and UNESCO sheds
- Thomson Reuters Foundation closes news service after ‘prominent’ funders pull away
- Thomson Reuters Foundation to close Context News operation
- Antonio Zappulla on the Thomson Reuters Foundation's enduring support for the RISJ
- Thomson Reuters Foundation announces new members of the Board of Trustees
- The Thomson Reuters Foundation (TRF) Mentorship programme for newsrooms: Supporting AI adoption.
- UNESCO and the Thomson Reuters Foundation partner to launch the AI
Leadership, per the charity’s website
- Antonio Zappulla — Chief Executive Officer
- Nick Glicher — Chief Operating Officer
- Seema Soni — Chief Financial Officer
- Will Church — Director, Media Freedom Programmes
- Katie Fowler — Director of Responsible Business
- Massimo Gibilaro — Director of Product and Technology
- Carolina Henriquez-Schmitz — Director of Access to Law
- Natasha Parker — Director of Global Development
Funders the charity credits
- Postcode Lottery
- Laudes Foundation
- Omidyar Network
- Apple
- Norwegian Agency for Development Cooperation
- Patrick J. McGovern Foundation
- The Global Fund
- Mozilla
- Canva
- The Tipping Point Fund on Impact Investing
Advertised salaries (public job ads)
- Executive Support Team Lead - Thomson Reuters Foundation — £40,000 per year
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- JAMES CLIFTON SMITHchair
- BRIAN PECCARELLI
- EILEEN LYNCH-SUSSAN
- LAURA ANCELINA CLAYTON MCDONNELL
- MARGARET MENDI NJONJO
- MARY ALICE VUICIC
- Ragunath Ramanathan
- VIVIAN SCHILLER
- Vedat Can Yeginsu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £22.9m | £22.9m |
| 31/12/2024 | £22.7m | £22.5m |
| 31/12/2023 | £18.4m | £19.1m |
| 31/12/2022 | £15.4m | £16.0m |
| 31/12/2021 | £15.7m | £13.5m |
Common questions
Is THOMSON REUTERS FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £49K for the year ended 31 December 2025, with total income of £22,925K and total expenditure of £22,884K. Per the trustees' report, unrestricted reserves stood at £5,775K, which is above the stated policy target of approximately six months of average operating expenditure (£4,420K). The trustees confirmed that the charity has adequate resources to remain operational for at least 20 months from the date of the report. Its FY2025 accounts were audited by PricewaterhouseCoopers LLP.
What does the highest-paid employee of THOMSON REUTERS FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £330K - £340K band.
Who funds THOMSON REUTERS FOUNDATION?
Funders whose own accounts filings name THOMSON REUTERS FOUNDATION as a grant recipient include LSEG Foundation.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| LSEG Foundation | FY2021 | £76k | Project Grant |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 10/02/2025 | £1.5m | Regular Grant 2025 |
| Postcode Lottery | 01/12/2023 | £1.1m | Regular Grant 2024 |
| Postcode Lottery | 31/03/2023 | £900k | Regular Grant 2023 |
| Postcode Lottery | 09/03/2022 | £800k | Regular Grant 2022 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE EVAN CORNISH FOUNDATION | 3 | £37k |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 2 | £190k |
| KHODORKOVSKY FOUNDATION | 1 | £11.0m |
| SANTANDER UK FOUNDATION LIMITED | 1 | £264k |
| THE MERCERS CHARITABLE FOUNDATION | 1 | £197k |
| THE A B CHARITABLE TRUST | 1 | £195k |
| THE PRINTING CHARITY | 1 | £120k |
| THE CHARTERED INSTITUTE OF MARKETING CHARITABLE TRUST | 1 | £112k |
Charities like this
- JUSTICE FOR JOURNALISTS FOUNDATION
- THE GUARDIAN FOUNDATION
- MEDIA LEGAL DEFENCE INITIATIVE
- THE THOMSON FOUNDATION
- THE CIVIL LIBERTIES TRUST
- THE MEDIA TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THOMSON REUTERS FOUNDATION | £22.9m | £330K - £340K | — | above | — | no doubt |
| JUSTICE FOR JOURNALISTS FOUNDATION | £245k | — | 0 | unclear | — | no doubt |
| THE GUARDIAN FOUNDATION | £1.5m | — | — | unclear | — | no doubt |
| MEDIA LEGAL DEFENCE INITIATIVE | £3.0m | — | — | above | 3.0% | no doubt |
| THE THOMSON FOUNDATION | £3.3m | — | — | unclear | — | no doubt |
| THE CIVIL LIBERTIES TRUST | £2.5m | — | 0 | above | — | no doubt |