Leverhulme Trust’s total net assets have increased by 23 per cent to £3.2bn, according to the trust’s latest annual accounts.
The trust’s total net assets and total charity funds have increased to £3.2bn, in 2016 both figures were at £2.6bn.
However the increase in total charity funds would not move the trust up in the list of the 25 wealthiest charities. It would remain as the fifth largest charity, behind the Children’s Investment Fund Foundation at £3.9bn.
The trust’s income was up by 14.6 per cent in 2017, to £99.4m.
Its investment income was £99.3m for the year, up from £86.7m from the previous year.
It received £83.4m in dividends from Unilever plc, up from £71.5m the previous year.
The Leverhulme Trust exists to provide scholarships and other similar support for education and research. It was founded following the death of First Viscount Leverhulme in 1925. He founded a company which later became part of Unilever.
Its total expenditure for the year was £79.4m, slightly down from £80.5m the previous year, with grants made in 2017 exceeding £78m.
The trust said it received 3,807 grant applications in 2017, of which it then subsequently made 587, down from 619 grants the previous year.
According to the Commission’s website the charity had 14 employees in the year up to December 2017.