THE EY FOUNDATION
Our mission is to create and support pathways for young people and entrepreneurs into education, employment and enterprise to help build stronger communities and a more sustainable economy.The programmes we deliver, the independence of our fundraising and the support we provide to other charities sharing our mission, makes us a pioneering force in the UK's charitable foundation sector.
Objects
THE OBJECTS OF THE CHARITY ARE FOR THE BENEFIT OF THE PUBLIC TO ADVANCE SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES MAY DECIDE FROM TIME TO TIME.IN THE ARTICLES, CHARITABLE MEANS CHARITABLE IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES PROVIDED THAT IT WILL NOT INCLUDE ANY PURPOSE WHICH IS NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND/OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008. FOR THE AVOIDANCE OF DOUBT, THE SYSTEM OF LAW GOVERNING THE CONSTITUTION OF THE CHARITY IS THE LAW OF ENGLAND AND WALES.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £880k for the year ended 30 June 2025, increasing its unrestricted reserves to £2,593k. Per the trustees' report, this level of unrestricted reserves is above the minimum requirement of £571k established by their reserves policy. The charity is dependent on funding from EY, which is secured via a five-year agreement until 2030, and the trustees confirm the charity is a going concern with no material uncertainties.
What the accounts disclose
“Donations from EY which increased to £3,344k (2024: £2,0236k)” — page 19
“The level of unrestricted reserves at the year ended 30 June 2025 based on the assessment of risks was E571k to £1,495k. The level of unrestricted reserves at 1 July 2025 was therefore above the minimum requirement of £571k.” — page 16
“The Charity’s sole member ("the Member") is Ernst & Young LLP (EY). EY Foundation’s relationship with EY consists of receiving funding through a five-year funding agreement, and EY Foundation’s use of their facilities, information systems and professional support.”
“The majority of purchases are paid for directly by EY Foundation. However, several costs are paid for directly by EY and then recharged to EY Foundation on a monthly basis. At the end of the year amounts owed to EY were £44k (2024: £65k) and balances due from EY were £172k (2024: 72k).” — page 40
“The Charity’s sole member ("the Member") is Ernst & Young LLP (EY). EY Foundation’s relationship with EY consists of receiving funding through a five-year funding agreement, and EY Foundation’s use of their facilities, information systems and professional support.”
“The majority of purchases are paid for directly by EY Foundation. However, several costs are paid for directly by EY and then recharged to EY Foundation on a monthly basis. At the end of the year amounts owed to EY were £44k (2024: £65k) and balances due from EY were £172k (2024: 72k).” — page 40
“The Charity’s sole member ("the Member") is Ernst & Young LLP (EY). EY Foundation’s relationship with EY consists of receiving funding through a five-year funding agreement, and EY Foundation’s use of their facilities, information systems and professional support.”
“The majority of purchases are paid for directly by EY Foundation. However, several costs are paid for directly by EY and then recharged to EY Foundation on a monthly basis. At the end of the year amounts owed to EY were £44k (2024: £65k) and balances due from EY were £172k (2024: 72k).” — page 40
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/06/2025
- Volunteers: 2,052
- Employees paid over £60,000: 10 (£60,001–£70,000: 2; £70,001–£80,000: 4; £90,001–£100,000: 3; £110,001–£120,000: 1)
Self-declared on the annual return for the financial year ending 30/06/2024
- Volunteers: 2,010
- Employees paid over £60,000: 8 (£60,001–£70,000: 2; £70,001–£80,000: 2; £80,001–£90,000: 1; £90,001–£100,000: 2; £110,001–£120,000: 1)
Self-declared on the annual return for the financial year ending 30/06/2023
- Volunteers: 3,082
- Government income: £170,649 — grants £170,649 (4); 4% of the £4,005,796 total gross income on the same return
- Employees paid over £60,000: 5 (£60,001–£70,000: 2; £70,001–£80,000: 2; £80,001–£90,000: 1)
In the news
- EY Foundation’s Sourabh Anand on Inclusive Philanthropy, Livelihoods and Water Security
- The EY Foundation’s Social Mobility Campaign Tackles Stigmas Around Gen Z’s Attitudes to Work - LBB
- The EY Foundation Focuses On Improving Social Mobility
- Extreme E collaborates with EY Foundation to increase employability opportunities for young people
- Chartered Banker Institute and EY Foundation – The Summer Smart Futures Programme starts today
- The EY Foundation reveals research on the charity sector on diversity, equality and inclusion
- EY Foundation completes University of Warwick project
- The four exciting work from home tech innovations developed by EY Foundation students - business-live.co.uk
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Edel Harrischair
- Ashley Hodges Gibson
- Chelsea Hargreaves
- Erol Mustafa
- James Anthony Beszant
- Julianna Oladipo
- Julie Cavin
- Lucia Wilde
- Neeti Awasthi
- Neil Mathur
- Rachel Mary Sandy Thomas
- Sarah Baugh
- Taylor Douglas Gibson Dewar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £5.5m | £4.6m |
| 30/06/2024 | £3.8m | £3.8m |
| 30/06/2023 | £4.0m | £4.0m |
| 29/06/2022 | £4.1m | £3.6m |
| 29/06/2021 | £3.5m | £3.3m |
Common questions
Is THE EY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a surplus of £880k for the year ended 30 June 2025, increasing its unrestricted reserves to £2,593k. Per the trustees' report, this level of unrestricted reserves is above the minimum requirement of £571k established by their reserves policy. The charity is dependent on funding from EY, which is secured via a five-year agreement until 2030, and the trustees confirm the charity is a going concern with no material uncertainties. Its FY2025 accounts were audited by BDO LLP.
Who funds THE EY FOUNDATION?
Funders whose own accounts filings name THE EY FOUNDATION as a grant recipient include IMPETUS - THE PRIVATE EQUITY FOUNDATION, CARETECH CHARITABLE FOUNDATION, THE MERCERS CHARITABLE FOUNDATION, THE HABERDASHERS' FOUNDATION, WALCOT EDUCATIONAL FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | FY2021 | £391k | |
| CARETECH CHARITABLE FOUNDATION | FY2021 | £67k | Promoting careers in the care sector / Beyond Your Limits |
| THE MERCERS CHARITABLE FOUNDATION | FY2022 | £57k | Young People & Education Programme |
| THE HABERDASHERS' FOUNDATION | FY2024 | £51k | Welfare |
| THE HABERDASHERS' FOUNDATION | FY2025 | £50k | Welfare |
| THE HABERDASHERS' FOUNDATION | FY2022 | £50k | Employability workshops & Smart Futures |
| CARETECH CHARITABLE FOUNDATION | FY2023 | £48k | Beyond Your Limits |
| CARETECH CHARITABLE FOUNDATION | FY2022 | £36k | |
| WALCOT EDUCATIONAL FOUNDATION | FY2024 | £22k | Employability support for Lambeth Care Experienced young people and those on Free School Meals |
| WALCOT EDUCATIONAL FOUNDATION | FY2024 | £15k | Employability support for Lambeth Care Experienced young people and those on Free School Meals |
| THE HABERDASHERS' FOUNDATION | FY2023 | £5k | Uplift grant |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The Mercers' Company | 08/03/2019 | £347k | Grant to The EY Foundation |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NUFFIELD FOUNDATION | 1 | £251k |
| UBS UK Donor-Advised Foundation | 1 | £109k |
| COVENTRY BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £100k |
| THE CITY AND GUILDS OF LONDON INSTITUTE | 1 | £64k |
| TACKLE AFRICA | 1 | £45k |
| BBC CHILDREN IN NEED | 1 | £30k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £30k |
| HALCROW FOUNDATION | 1 | £5k |
Charities like this
- THE YOUNG FOUNDATION
- EG FOUNDATION
- THE JAYTEE FOUNDATION
- EA FOUNDATION
- THE IOE FOUNDATION
- POSITIVE YOUTH FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE EY FOUNDATION | £5.5m | — | — | above | — | no doubt |
| THE YOUNG FOUNDATION | £4.0m | £110,001 - £120,000 | 14 | above | — | no doubt |
| EG FOUNDATION | £371k | — | — | unclear | — | no doubt |
| THE JAYTEE FOUNDATION | £63k | — | 0 | unclear | — | no doubt |
| EA FOUNDATION | £85k | — | — | unclear | — | no doubt |
| THE IOE FOUNDATION | £50k | — | 0 | unclear | — | no doubt |