London Stock Exchange Group launches charitable Foundation

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Posted By Gbaf News

Posted on December 11, 2010

London Stock Exchange Group launches charitable Foundation

Commenting on the Launch of the Foundation today, Group CEO and Chairman of the Foundation, Xavier Rolet, said,

“There is a long and deep-rooted culture across our business in supporting charitable projects in our local communities, and today I am delighted to be bringing them together under the umbrella of the London Stock Exchange Group Foundation. The Foundation will look to really make a difference in the countries in which we operate, and all our employees in Sri Lanka, Italy and the UK will be able to become actively involved in the Group’s charitable giving.”

As a charitable trust the Foundation will provide a single channel and point of focus for the Group’s charitable giving. The Foundation will be funded by donations from the London Stock Exchange Group, from fine income and from the individual donations and the fundraising activities of its employees.

The London Stock Exchange Group Foundation will look to fund projects in three specific areas: Children & Youth, Healthcare and Arts & Culture. The Foundation has already made its first investment as a Foundation, in a unique housing project in Sri Lanka, building homes for war-displaced families in the East of Sri Lanka. The Foundation will be partnering on this project with international NGO, Habitat for Humanity.

The Foundation will also continue to support a number of existing projects that have been recipients of the Group’s charitable giving, including The London Air Ambulance and FAI in Italy.

London Stock Exchange employees will have the opportunity to directly participate in the work of the Foundation, through partner charity selection, a Group matching scheme, payroll donations and fundraising initiatives.

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