STANDARD CHARTERED FOUNDATION
The SCF is a charitable organisation that tackles inequality by promoting greater economic inclusion for disadvantaged young people, particularly young women and people with disabilities. Its programmes focus on employability and entrepreneurship, helping young entrepreneurs and jobseekers access the skills, networks, opportunities and support they need to achieve economic power and participation.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of USD39.9 million, which significantly exceeds its stated policy target of at least USD200,000. The trustees confirm that the charity has adequate resources to continue as a going concern for the foreseeable future with no material uncertainties identified.
What the accounts disclose
“The Trustees consider that the target for free reserves, after any designations, should be at least USD200,000.”
“The Bank is the sole Member of the Foundation. The Member undertakes to contribute a sum not exceeding GBP1 to the assets of the Charity in the event of it being wound up while it is a Member, or within one year after it ceases to be a Member.”
“At 31 December 2025, the Bank owed the Foundation USD42.5 million (net present value USD39.8 million) (2024: USD51 million) to be settled in 2026 to 2030.” — page 40
“The Bank is the sole Member of the Foundation. The Member undertakes to contribute a sum not exceeding GBP1 to the assets of the Charity in the event of it being wound up while it is a Member, or within one year after it ceases to be a Member.”
“At 31 December 2025, the Bank owed the Foundation USD42.5 million (net present value USD39.8 million) (2024: USD51 million) to be settled in 2026 to 2030.” — page 40
Corporate structure
- Registered company of the charity Companies House 11968592
Leadership, per the charity’s website
- Tracey McDermott, CBE — Chair, Standard Chartered Foundation Board of Trustees
Company officers (Companies House)
- NGIGI, Caroline Gathoni on trustee list
- LEE, Patrick Fook Yau on trustee list
- ANG, Teng Siang Raymond on trustee list
- HODGE, Daniel James on trustee list
- KAPILASHRAMI, Tanuj on trustee list
- BIRD, Bella Deborah Mary on trustee list
- ISPAHANI, Mirza Iraj on trustee list
- MCDERMOTT, Tracey Elizabeth on trustee list
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Tracey McDermottchair
- Bella Deborah Mary Bird
- Caroline Gathoni Ngigi
- Daniel James Hodge
- Mirza Iraj Ispahani
- PATRICK FOOK YAU LEE
- Raymond Ang
- Tanuj KAPILASHRAMI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £6.4m | £8.2m |
| 31/12/2024 | £4.4m | £15.0m |
| 31/12/2023 | £47.0m | £5.2m |
| 31/12/2022 | £3.3m | £13.3m |
| 31/12/2021 | £1.1m | £9.9m |
Common questions
Is STANDARD CHARTERED FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of USD39.9 million, which significantly exceeds its stated policy target of at least USD200,000. The trustees confirm that the charity has adequate resources to continue as a going concern for the foreseeable future with no material uncertainties identified. Its FY2025 accounts were audited by RSM UK Audit LLP.
Who funds STANDARD CHARTERED FOUNDATION?
Funders whose own accounts filings name STANDARD CHARTERED FOUNDATION as a grant recipient include LSEG Foundation.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| LSEG Foundation | FY2022 | £20k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 2 | £45k |
| WISEHEIGHTS LIMITED | 1 | £755k |
| THE PARGITER TRUST | 1 | £400k |
| THE FRANK JACKSON FOUNDATION | 1 | £100k |
| THE MOTIVATION CHARITABLE TRUST | 1 | £81k |
| ST EDMUNDS TRUST | 1 | £38k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £36k |
| BANHAM FOUNDATION LIMITED | 1 | £36k |
Charities like this
- SF FOUNDATION
- RIO FERDINAND FOUNDATION
- CHRISTINA NOBLE CHILDRENS FOUNDATION LIMITED
- CARETECH CHARITABLE FOUNDATION
- SAO FOUNDATION
- HUMAN CAPABILITY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| STANDARD CHARTERED FOUNDATION | £6.4m | — | 0 | unclear | — | no doubt |
| SF FOUNDATION | £7.7m | — | 0 | above | — | no doubt |
| RIO FERDINAND FOUNDATION | £1.3m | £70,001 - £80,000 | 1 | unclear | — | no doubt |
| CHRISTINA NOBLE CHILDRENS FOUNDATION LIMITED | £448k | Under £60,000 | 0 | unclear | — | no doubt |
| CARETECH CHARITABLE FOUNDATION | £1.1m | — | 0 | above | — | no doubt |
| SAO FOUNDATION | £812k | — | 0 | unclear | — | no doubt |