Good Causes
It was announced during the live Saturday night draw show on 30 March 2007 that The National Lottery has so far raised £20 billion (US$39.2 billion) for 'good causes', a programme which distributes money via grants. 28% of lottery revenue goes towards the fund, along with all unclaimed prizes. Additionally, 12% goes to the state. The prize fund is 50% of revenue, with the remaining 10% going towards running costs and profits for the lottery organisers and ticket sellers.
The distribution of money to 'good causes' is not the responsibility of the operator (Camelot). It is the responsibility of The National Lottery Distribution Fund (NLDF), administered by the government Department for Culture, Media and Sport. Currently 8% is given to arts, sports and heritage via government agencies and the remaining 46% is given to charitable, health, education and environment causes by the Big Lottery Fund.
The Heritage Lottery Fund was set up by the government in 1994 to provide money for "projects involving the local, regional and national heritage". The fund come from the money raised by the National Lottery's 'Good Causes'. Since 1994, the Heritage Lottery Fund has given grants totalling approximately £4 billion to more than 26,000 projects.
In 2004 on the 10th anniversary of the National Lottery, the National Lottery Awards were instituted as an annual event to provide recognition of the work of Lottery funded projects around the UK. Certain projects are selected as the best in particular categories. The trophies were designed and produced by Gaudio Awards.
Read more about this topic: National Lottery (United Kingdom)
Famous quotes containing the word good:
“There is not any present moment that is unconnected with some future one. The life of every man is a continued chain of incidents, each link of which hangs upon the former. The transition from cause to effect, from event to event, is often carried on by secret steps, which our foresight cannot divine, and our sagacity is unable to trace. Evil may at some future period bring forth good; and good may bring forth evil, both equally unexpected.”
—Joseph Addison (1672–1719)