The Foundation of Prince William and Prince Harry has changed its name to The Royal Foundation of The Duke and Duchess of Cambridge and Prince Harry. The change of name marks the end of the first full year in operation for the Foundation, which publishes its Financial Statement for the year ended December 2011 today.
The accounts show that The Foundation has spent over £1.3m on charitable activity in this inaugural year of grant-making. The £1.3m spent during 2011 included administering The Royal Wedding Charitable Gift Fund, identifying and distributing donations to 26 charities on behalf of The Duke and Duchess of Cambridge. Other grants have since been made, and there are plans for future grants – through collaborations and other projects – in the foreseeable future.
The accounts show The Foundation is continuing to build a robust long-term funding base to support projects that draw upon the interests of its Patrons. The growth in income raised in the last financial year includes income from activities related to The Royal Wedding Charitable Gift Fund and the sale of the official Wedding Programme.