Foundation for Sport & Arts £350 million fund to close in 2009

Foundation for Sport & Arts £350 million fund to close in 2009

A fund worth £350 million, dedicated to a wide range of sporting and artistic causes since 1991, will close to applications in March 2009. The Foundation for Sports and Arts was established at the start of the 1990s to channel money originally donated by Littlewoods and other football pools companies to benefit Sports and the Arts.

The FSA has been an extremely important source of funding over the years as one of the only major funders of sports activity and a generous supporter of the arts; they have awarded grants worth over £350 million since 1991.

The decision to cease activities was made following a review of the current level of reserves and in light of the fact that their only source of income is now the interest generated by those reserves.

Although new applications will not be accepted after March 2009, awards will continue to be made up until the end of March 2012, bringing the programme to a close in the same year as the London Olympics.


For further information, please visit: www.thefsa.net