MW (HO) FOUNDATION
To pursue the objects of the charity with all the resources available to the charity.
Objects
(1) FOR THE PUBLIC BENEFIT TO PROMOTE THE EDUCATION OF PEOPLE OF ALL AGES AROUND THE WORLD IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT,INCLUDING AWARDING TO SUCH PERSONS SCHOLARSHIPS, MAINTENANCE ALLOWANCES OR GRANTS, OR BY GRANTS TO CHARITIES OR OTHER ORGANISATIONSWORLD-WIDE THAT PROVIDE EDUCATION(2) THE PREVENTION OR RELIEF OF POVERTY OR FINANCIAL HARDSHIP ANYWHERE IN THE WORLD BY PROVIDING GRANTS OR LOANS TO INDIVIDUALS IN NEEDAND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY OR FINANCIAL HARDSHIP(3) TO ADVANCE THE ORTHODOX JEWISH RELIGION WORLD-WIDE FOR THE BENEFIT OF THE PUBLIC IN ACCORDANCE WITH THE PRINCIPLES OF THE CODE OF JEWISH LAW (SHULCHAN ARUCH)
Financial health, per its FY2025 accounts
The charity reported a net movement in funds of £54,001 for the year, driven by investment gains and donations, despite higher grant expenditures. Total unrestricted funds held at year-end were £1,806,357, with free reserves of £727,806, which the trustees consider an acceptable level given their policy to maintain reserves equal to current assets. The accounts state there are no material uncertainties regarding the charity's ability to continue.
What the accounts disclose
“In considering the financial obligations of the charity, the trustees have resolved to maintain a minimum reserve, being the current assets of the charity.” — page 7
“Other investments are loans to companies owned by the trustees and are fully secured as well as interest bearing.” — page 18
“All the donated income for the year came from one or more of the above companies or from other connected and none connected sources.” — page 19
“Other investments are loans to companies owned by the trustees and are fully secured as well as interest bearing.” — page 18
“All the donated income for the year came from one or more of the above companies or from other connected and none connected sources.” — page 19
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Grant-making is its main activity
Structured financials (annual return, FY ending 30/11/2021)
Trustees
- DAVID OLSBERG
- HILARY OLSBERG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £131k | £164k |
| 31/12/2024 | £207k | £195k |
| 31/12/2023 | £135k | £444k |
| 30/11/2022 | £82k | £403k |
| 30/11/2021 | £518k | £600k |
Common questions
Is MW (HO) FOUNDATION financially healthy?
Per its FY2025 accounts: The charity reported a net movement in funds of £54,001 for the year, driven by investment gains and donations, despite higher grant expenditures. Total unrestricted funds held at year-end were £1,806,357, with free reserves of £727,806, which the trustees consider an acceptable level given their policy to maintain reserves equal to current assets. The accounts state there are no material uncertainties regarding the charity's ability to continue. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 3 | £1.5m |
| ASSOCIATION OF NHS CHARITIES | 1 | £185k |
Charities like this
- MW (CL) FOUNDATION
- MW (RH) FOUNDATION
- MW (GK) FOUNDATION
- THE I S A CHARITY
- BHM CHARITABLE TRUST
- M I CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MW (HO) FOUNDATION | £131k | — | 0 | above | — | no doubt |
| MW (CL) FOUNDATION | £350k | — | 0 | above | — | no doubt |
| MW (RH) FOUNDATION | £490k | — | 0 | above | — | no doubt |
| MW (GK) FOUNDATION | £261k | — | 0 | above | — | no doubt |
| THE I S A CHARITY | £52k | — | 0 | unclear | — | no doubt |
| BHM CHARITABLE TRUST | £136k | — | 0 | within | — | no doubt |