ROTHSCHILD FOUNDATION (HANADIV) EUROPE
Financial health, per its FY2024 accounts
The accounts state that the charity maintained a nil level of free reserves, having expended endowment to cover a deficit on the unrestricted income fund. Total reserves stood at £132,954,048, derived primarily from an expendable endowment fund invested in a portfolio valued at £138.0 million. The trustees consider there are no material uncertainties about the charity's ability to continue as a going concern.
What the accounts disclose
“During the year ended 31 December 2024 the Foundation made grants in excess of its income, making good the difference from its expendable endowment and leaving a nil level of free reserves, as per the definition stated by the Charity Commission.” — page 9
“The Foundation rents the office premises at 14 St James’s Place, London, from entities of which the President was a trustee. In 2024 the rent, rates and service charges amounted to £153,378 (2023: £119,857). The property costs were reviewed by an independent expert and found to be reasonable and at normal market rates.” — page 26
Corporate structure
- Registered company of the charity Companies House 03948898
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Bradley Friedchair
- Alice Miranda Rothschild
- Ben Jack Avigdori
- David Landau
- Nicola Caren Loftus
- Nicola Josephine Cobbold
- Pierre Noe Gennaro De Rothschild
- Rachel Elisabeth Diamond
- The Honourable Beth Rothschild
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £562k | £8.5m |
| 31/12/2023 | £205k | £8.4m |
| 31/12/2022 | £1.0m | £8.9m |
| 31/12/2021 | £486k | £7.6m |
| 31/12/2020 | £42k | £7.4m |
Common questions
Is ROTHSCHILD FOUNDATION (HANADIV) EUROPE financially healthy?
The accounts state that the charity maintained a nil level of free reserves, having expended endowment to cover a deficit on the unrestricted income fund. Total reserves stood at £132,954,048, derived primarily from an expendable endowment fund invested in a portfolio valued at £138.0 million. The trustees consider there are no material uncertainties about the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SAMJO LIMITED | 2 | £1.8m |
| MOLE CHARITABLE TRUST | 1 | £95k |