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What the Tony Bloom Charitable Trust is All About

tony-bloom-foundation-lindaWith its headquarters in London, the Tony Bloom Charitable Trust has been one of the frontrunners in fighting poverty across the United Kingdom, the rest of Europe and the developing countries of Asia and Africa.

Founded by Brighton and Hove Albion Football Club chairman and renowned business magnate and investor, the charity began in 2011 with five trustees: the couple Tony and Linda Bloom, Marcelle Lester, Adam Franks and Marc Sugarman.

Currently known as the “Tony Bloom Foundation”, it supports causes, projects and organizations that focus on the advancement of health, life preservation, education and training, livelihood and employment, disability assistance, food, water, safety, famine relief, overseas aide, economic and community development and other general and charitable purposes. This is done by creating advocacies and advice to spread awareness about the said issues and by supporting and offering grants to like institutions and projects.

The charity also gives special importance to efforts that focus on children, adolescents, victims of war and abuse and minority groups. This is clearly stated and manifested in its official charitable objects as follows: “The prevention or relief of poverty in developing countries by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient. To promote and protect the physical and mental health of disabled and terminally ill children and soldiers disabled or made ill by conflict. Such charitable purposes for the public benefit as are exclusively charitable under the laws of England and Wales as the trustees may from time to time determine.”

Majority of the foundation’s resources come from voluntary pledges and donations with a percentage coming from the fruits of carefully chosen investments. As of March 31, 2015, the Bloom Foundation continues to be acknowledged as a registered charity in England and Wales by the UK government. It has reported a total of a £3.1 million worth of income from and investments and £1.9 million worth of spending on charitable activities, governance and investment management. This translates to spending of around 61% on charitable activities and 1% on governance and income generation (operational expenses). The remaining 38% was retained for future charitable grants and efforts.

Today, the Tony Bloom Foundation continues to fight and work for the same causes but with a more passionate drive and a bigger family to help them in their battle against poverty.