Governance and funding
In April 2018 the PHG Foundation became a linked exempt charity of the University of Cambridge, under the auspices of the Clinical School, this has not changed how PHG Foundation functions, or our funding situation. We are accountable to our board of trustees.
PHG Foundation is funded through a number of different income streams, chief among which are the generous donations made by The Hatton Trust and The Wyng Foundation.
We are currently the recipients of a number of grants, have a modest investment portfolio, and generate some revenue through our charitable work, through consulting and collaborations.
The deficit for the year 2017-2018 has been covered by extra money from our financial reserves.
Our work is funded by:
- Philanthropy and donations, including from The Hatton Trust and the Wyng Foundation
- Grants, including from the European Commision
- Fees for our consultancy services
As an operational foundation the great majority of our funding is channelled into our charitable activities, which includes our own work programmes and staffing costs. We employ the brightest and the best from a wide range of disciplines to help us make science work for health.
Each year we publish an annual report to our board of trustees which details how our funds are raised and spent.
How we are funded
Where the money goes
Source: Financial statements year ended 31 March 2018
We aim to have mutually rewarding relationships with a range of organisations and individuals without compromising our independence, objectivity, intellectual rigour and social purpose. Read our collaboration policy here.