Un Ltd - History

History

UnLtd was formed in 2000 by seven leading non-profit organisations working with social entrepreneurs both across the UK and internationally: Ashoka: Innovators for the Public, Changemakers, Community Action Network (CAN), Comic Relief, The Scarman Trust, SENSCOT, and The School for Social Entrepreneurs (SSE).

UnLtd’s Awards are funded by the income generated by a £100 million endowment from the Millennium Commission as a permanent source of grants for individuals throughout the United Kingdom to develop their skills and talents, and to contribute to the community; the income from the endowment is held by the Millennium Awards, of which UnLtd is the sole Trustee. This legacy is invested as a permanent endowment so that it generates sufficient income to fund UnLtd’s Millennium Awards in perpetuity.

In addition, UnLtd raises funds from government, foundations, companies and others. UnLtd is accountable to its Board of Trustees; trustees have a responsibility to act collectively to ensure the proper administration of the charity. They must safeguard the assets of the charity to ensure that these assets and resources are only used in furtherance of the objects of the charity.