HG FOUNDATION

Registered charity 1189216 · accounts filings on the Charity Commission register

The aim of the Hg Foundation is to support the development of education and skills and reduce barriers to long-term, sustainable employment, improving outcomes for those that need it most.

Causes: General Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Latest income

£8.8m

Latest spending

£6.2m

Registered

2020

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted reserves of £9,754,400, which the Finance Committee considers sufficient to meet grant commitments for the following 36 months plus operational costs. The charity reported a net incoming resource of £2,811,188 for the year, funded entirely by donations from the Hg Group, with no fundraising activities undertaken.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £145,000 — above the 90th percentile for charities its size (median £70k)

“Key management remuneration amounted to £145,000 (2023: £97,631).”

Per its FY2024 accounts as filed with the Charity Commission.

Employees paid over £60,000: 1

“Key management remuneration amounted to £145,000 (2023: £97,631).”

Per its FY2024 accounts as filed with the Charity Commission.

Largest income source: Hg Group (100% of income)

“Income was solely derived from donations of profit and carried interest from the Hg Group.” — page 12

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: sufficient funds available to meet grant commitments for the following 36 months plus operational costs (held: £9.8m)

“On this basis, the Finance Committee aims to ensure that there will be sufficient funds available to meet grant commitments for the following 36 months plus operational costs.” — page 13

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Donations from Hg Group

“During the year ended 31 March 2024, the charity received donations of £6,595,225 (2023: £6,490,799) from the Hg Group. The charity is connected to Hg Group through its trustees as follows: Trustees Anna Martina Sanow, Richard Earnshaw, Robbie Citrino, Juan Campos, Genyi Zhao and Caroline Lofgren are employees of Hg Group or its associated companies in Munich and New York.” — page 32

“During the year, the charity incurred expenditure of £305,239 (2023: £97,631) representing a re-charge of wages and salaries and associated staff costs from Hg Group.” — page 32

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Staff cost recharges from Hg Group

“During the year ended 31 March 2024, the charity received donations of £6,595,225 (2023: £6,490,799) from the Hg Group. The charity is connected to Hg Group through its trustees as follows: Trustees Anna Martina Sanow, Richard Earnshaw, Robbie Citrino, Juan Campos, Genyi Zhao and Caroline Lofgren are employees of Hg Group or its associated companies in Munich and New York.” — page 32

“During the year, the charity incurred expenditure of £305,239 (2023: £97,631) representing a re-charge of wages and salaries and associated staff costs from Hg Group.” — page 32

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Grants to connected charities

“During the year ended 31 March 2024, the charity received donations of £6,595,225 (2023: £6,490,799) from the Hg Group. The charity is connected to Hg Group through its trustees as follows: Trustees Anna Martina Sanow, Richard Earnshaw, Robbie Citrino, Juan Campos, Genyi Zhao and Caroline Lofgren are employees of Hg Group or its associated companies in Munich and New York.” — page 32

“During the year, the charity incurred expenditure of £305,239 (2023: £97,631) representing a re-charge of wages and salaries and associated staff costs from Hg Group.” — page 32

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RPG Crouch Chapman LLP. Discloses 6 of 6 completeness components.

Year-over-year changes

Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Leadership, per the charity’s website

James Turner — CEO (source)
Richard Donner — Chair (source)

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/03/2025)

Total income

£8.8m

Total spending

£6.2m

Reserves (reported)

£12.3m

Employees

0

Reported reserves equal ~23.9 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (95% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Richard Philip Webber Donnerchair · trustee of 2 other charities
Anna Martina Sanow
Benjamin James Maiden
Elona Mortimer-Zhika
Matthew Edward Brockman
Quan Hue Gerville-Reache
Robert Joseph Citrino IV
Samantha Louise Birmingham
Sir Kevan Arthur Collins

Trustee list from the Charity Commission register (current, not historical).

Operates in: Albania · Andorra · Armenia · Austria · Azerbaijan · Belarus · Belgium · Bosnia And Herzegovina · Bulgaria · Croatia · Cyprus · Czech Republic

Income and spending

Financial year end	Income	Spending
31/03/2025	£8.8m	£6.2m
31/03/2024	£6.8m	£4.0m
31/03/2023	£6.5m	£2.7m
31/03/2022	£1.5m	£2.2m
31/03/2021	£4.6m	£665k

Common questions

Is HG FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £9,754,400, which the Finance Committee considers sufficient to meet grant commitments for the following 36 months plus operational costs. The charity reported a net incoming resource of £2,811,188 for the year, funded entirely by donations from the Hg Group, with no fundraising activities undertaken. Its FY2024 accounts were audited by RPG Crouch Chapman LLP.

What does the highest-paid employee of HG FOUNDATION earn?

Per its FY2024 accounts, the highest-paid employee was in the £145,000 band, and 1 employees earned over £60,000.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE ROSELINE FOUNDATION	1	£1.0m
THE VARDY FOUNDATION	1	£615k
CRODA FOUNDATION	1	£399k
THE HARRISON FOUNDATION	1	£228k
UBS UK Donor-Advised Foundation	1	£173k
Point North Community Foundation	1	£157k
THE HARRY AND JANICE BANKS FOUNDATION	1	£20k
CEO SLEEPOUT	1	£18k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE HARRY & MARY FOUNDATION.

THE HARRY & MARY FOUNDATION income £632k
BGF FOUNDATION income £839k
THE HADDAD FOUNDATION income £8.3m
THE HARBOUR FOUNDATION income £1.3m
JMWM HUSSAIN FOUNDATION income £855k
THE HYMANS ROBERTSON FOUNDATION income £204k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
HG FOUNDATION	£8.8m	£145,000	1	above	—	no doubt
THE HARRY & MARY FOUNDATION FY2025	£632k	—	0	unclear	—	no doubt
BGF FOUNDATION FY2025	£839k	—	0	unclear	—	no doubt
THE HADDAD FOUNDATION FY2024	£8.3m	—	—	unclear	—	no doubt
THE HARBOUR FOUNDATION FY2025	£1.3m	—	0	unclear	—	no doubt
JMWM HUSSAIN FOUNDATION FY2025	£855k	—	0	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.