How the Foundation will be funded
The 2025 Foundation has been launched with a donation of £150,000 from the Chartered Banker Institute, raised from the sale of the Institute's historical banknote collection.
Our initial target is to raise £1 million to support at least 200 Foundation Scholars between 2017 and 2025, which marks the Institute's 150th anniversary. Looking further ahead, we will continue to build the foundation to support as many individuals as possible.
The 2025 Foundation will rely on voluntary income through:
- Donations from Fellows, Chartered Bankers and other members of the Chartered Banker Institute
- Major donations from corporates and individuals.
How the Foundation will be managed
The Foundation is managed by a committee, chaired by David Thorburn (a former President of the Institute), and all members are appointed by the Council of the Chartered Banker Institute. The 2025 Foundation Committee is accountable to the Council of the Chartered Banker Institute for all of its actions.
The committee members are appointed for a three-year term and are eligible for a single term of re-appointment thereafter. The minimum number of committee members is four, with a maximum of eight. At least two must be serving Council members and the others must be current Fellows of the Institute.