The Nuffield Foundation spent £10.4 million on its charitable activities during 2011.
A further £3.3 million was spent on grant-making for social policy projects, including our Children and Families and Law in Society Programmes. It also includes our Open Door Programme, which enables Trustees to fund projects outside our main interests but that meet the Foundation’s objective of improving social well-being.
Capacity building programmes accounted for £2.8 million, including over 1,000 Science Bursaries for Schools and Colleges and 466 Undergraduate Research Bursaries in science. Also included in this figure are grants made under our Africa Programme, and funding for our Oliver Bird Rheumatism Programme.
The remainder of our expenditure in 2010 (£1.6 million) was spent on investment management and governance. The investment performance for the year was 18 per cent.
Full details on all achievements and expenditure in 2010 can be found in the Report and Financial Statements 2011.