The Health Foundation is an independent charity who are totally committed to bringing about better health and healthcare for people in the United Kingdom. They are the second largest endowed foundation in the UK focused on health and they spend approximately £30 million a year on improving health and healthcare.
How are The Health Foundation Funded?
They are funded by an endowment – currently around £800 million. This enables them to have an on-going programme of work, including making significant grants to bring about better health and health care.
The endowment began in 1998 with a one-off charitable donation of £560 million, one of the largest in UK history. The donation resulted from the sale of PPP Healthcare group, a private health insurance organisation. PPP was a mutual fund with no shareholders, and the new organisation became the PPP Foundation in 2001.
In 2003 the organisation was renamed the Health Foundation to signal its completely independent status as a grant-making charity. The Health Foundation has no connection to PPP and is accountable only to our independent board of trustees and the Charity Commission.
The size of the endowment means that they do not need to fundraise to generate income. They receive a small amount of funding from grants, commissions and from their co-ownership of the BMJ Quality and Safety journal.
The Aim of The Healthcare Foundation
The aim of the Healthcare Foundation is a healthier population, supported by high quality health care that can be equitably accessed. They learn what works to make people’s lives healthier and improve the health care system. From giving grants to those working at the front line to carrying out research and policy analysis, they shine a light on how to make successful change happen.
All of the about information has been sourced from http://www.health.org.uk/ and for more information about all aspects of their work including access to events, webinars and publications please visit their website directly using the link above.