The Golden Bottle Trust was established by the partners of the bank in 1985. Since then, it has supported the philanthropic commitments and principles of the Hoare family.
In practice, this has resulted in grants to a huge variety of excellent causes, while developments such as the use of a philanthropy-profiling tool and the integration of the United Nations’ Sustainable Development Goals have increased the impact of our activities.
Each year, the partners donate up to 10% of the bank’s profits to the Golden Bottle Trust: the money is used both to support charities in that annual cycle, and to create a reserve to support future giving. 100% of this reserve is invested into social impact investments, and by achieving ‘total portfolio impact’ we have the satisfaction of seeing both our grants and our investments doing good in the world.
The Golden Bottle Trust also supports staff participating in the bank's Give As You Earn (GAYE) scheme by double-matching their charitable donations. At present, more than 40% of our staff participate in the GAYE scheme. This is one of many ways in which we look to fulfil the bank’s purpose as ‘good bankers and good citizens’.
The latest information on the Golden Bottle Trust and the causes supported is available in the Annual Review.
Our preference is to use trusted partners and networks to identify suitable causes to help, as we find this maximises the impact of giving. For this reason, we do not accept unsolicited grant requests.