Lankelly Chase is an endowed foundation, meaning that our income comes primarily from our investments. Our endowment comes from the combined legacies of Major Alfred Allnatt and Ron Diggens, who had worked together in the development of land and property. Its beginnings and early history are recounted in ‘A matter of trust: A brief history of the LankellyChase Foundation’. Since then, the value of the endowment has been maintained by investing it in financial assets, including company shares and bonds. We have been working with four investment management companies since 2012 who manage this on our behalf: Cazenove, CCLA, Ruffer and Sarasin & Partners. They are overseen by our Board through its Investment Committee. While the value of the endowment has fluctuated over time, as at 30th September 2019 it amounts to £153 million.