NNS FOUNDATION
The Charity is a grant-maker and furthers its charitable purposes by making grants to support a range of charitable projects.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of USD 4,626,165, which significantly exceeds its stated policy target of maintaining reserves equal to one year of accountancy and professional fees (approximately USD 50,000). Per the trustees' report, the charity has no employed staff and relies entirely on donations from its founder, Mr. Nassef Sawiris, who provided USD 8,136,737 during the year. The trustees and auditors confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“the Trustee decided to maintain a minimum level of reserve to cover at least one year of accountancy and professional fees.”
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- NNS Foundation Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £10.0m | £9.8m |
| 31/12/2024 | £13.1m | £9.8m |
| 31/12/2023 | £10.0m | £10.0m |
| 31/12/2022 | £6.5m | £12.1m |
| 31/12/2021 | £15.6m | £10.6m |
Common questions
Is NNS FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of USD 4,626,165, which significantly exceeds its stated policy target of maintaining reserves equal to one year of accountancy and professional fees (approximately USD 50,000). Per the trustees' report, the charity has no employed staff and relies entirely on donations from its founder, Mr. Nassef Sawiris, who provided USD 8,136,737 during the year. The trustees and auditors confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Ernst & Young LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE WILFRED AND ELSIE ELKES CHARITY FUND | 1 | £24k |
Charities like this
- THE GENERATIONAL FOUNDATION
- NES FOUNDATION LTD
- PONOSI FOUNDATION
- THE EIGHTY EIGHT FOUNDATION
- THE FIDELIS FOUNDATION
- THE BLAKEY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NNS FOUNDATION | £10.0m | — | 0 | unclear | — | no doubt |
| THE GENERATIONAL FOUNDATION | £1.4m | — | 0 | unclear | — | no doubt |
| NES FOUNDATION LTD | £684k | — | 0 | unclear | — | no doubt |
| PONOSI FOUNDATION | £144k | — | 0 | unclear | — | no doubt |
| THE EIGHTY EIGHT FOUNDATION | £7.0m | — | 0 | unclear | — | no doubt |
| THE FIDELIS FOUNDATION | £2.2m | — | 0 | within | — | no doubt |