Our relationship with Nationwide

The Foundation was established by Nationwide in 1997 as an independent charity and company limited by guarantee. The Foundation is a separate legal entity from Nationwide and is not part of the Nationwide Group.

From November 1997 all new customers of the Society assign to the Foundation their rights to any future conversion benefits in the unlikely event of a conversion or take-over of the Society. For more information visit the Charitable Assignment page.

Funding and Support

Nationwide Building Society is the Foundation's main benefactor and makes annual lump sum donations to the Foundation. The donation is a proportion of the 1% of pre-tax profit that Nationwide agreed to donate to charitable causes in April 2008.

In addition to the lump sum donation, Nationwide also supports the Foundation through in-kind donations of office space and equipment.

Funding decisions are made by the Nationwide Foundation's Board of Trustees, which is independent of Nationwide. Nationwide Building Society does not necessarily endorse the organisations funded by the Foundation. Instead it respects the Nationwide Foundation's right to create its own strategy to tackle social issues.

Governance

The Foundation is governed by a Board of 10 Trustees and Nationwide can appoint three of the 10 who can be directors, officers or employees of the Society.

Strategy

The Foundation works in alignment with Nationwide and our housing funding strategy has been developed to complement 'Your Home' which is a key strand of Nationwide's Citizenship strategy 'Living on Your Side'.

The Nationwide Foundation is a registered charity (no 1065552) and a registered company limited by guarantee in England & Wales (no. 3451979) - Cookies and privacy