The Harold Griffin Fund (HGGF)
Charity Commission Scheme No. L.2/234612 A/1
This Charity was established in 1937 by the late Past Master Harold Griffin through the benefaction of six freehold houses in Thessaly Square, Battersea. Originally, they were to be offered, free of rent and all outgoings, to any Liveryman or Freeman of the Company or to their widows or dependants, or thereafter to needy old persons of Battersea, or, at the entire discretion of the Court, to any other charitable purposes.
The site was bombed during the second world war. Two houses were destroyed and the remaining four heavily damaged, and when the area was subsequently rebuilt by the Local Authority the site was classed as “added land”. With the approval of the Charity Commissioners, it was sold under a compulsory purchase order and the proceeds reinvested in Trustee securities. Part of the proceeds were used for the purchase and installation of stained glass windows in the Stepney Parish Church of St. Dunstan and All Saints and in the City Church of St. Magnus the Martyr.
This is the least fettered of all the Company's charities and the income may be applied to any charitable purpose. In practice the Court acts on the recommendations of its Charity Committee.
The Palmer Foundation (PF)
Charity Commission Scheme No. 278666
This Charity, which incorporates the former Benevolent Fund, receives substantial annual donations from the Company’s corporate funds and other charitable bequests to the Company.
The Foundation was founded in 1979 by the late Past Master E.W. Palmer, who subsequently bequeathed to the Worshipful Company of Coopers a property company, Waverley Court Limited, stipulating that half of the income received should be for the benefit of the Palmer Foundation and half for the Coopers’ Company and Coborn Educational Foundation.
A new Board of Directors was appointed under the chairmanship of Pastmaster Brian Atchley. Over a period of a few years the mainly residential properties were sold at a substantial profit to valuation. Waverley Court Limited was eventually “wound up” and the proceeds distributed accordingly.
Grants are made regularly to selected charities and to other registered charities in response to appeals; and awards of scholarships, bursaries and grants are made to the Company’s School and College.
Strode's Egham Pension and Eleemosynary Charity (EPC)
Charity Commission Scheme No. L.2/234396 A/3
This was founded under the Will of Henry Strode, a London merchant and son of a Cooper, who served as Master in 1703 a year before he died, having previously served as Auditor, Assistant, Renter Warden and Upper Warden. It originally provided for the building of Almshouses and an endowed elementary school, but in 1824 judgement was given against the Company in proceedings in the Chancery Court alleging maladministration of the Charity. This led the Charity Commissioners to step in and to set up successive schemes under which the almshouses were finally replaced by pensions payable to residents of the parish of Egham as constituted on 22 September 1911.
This scheme was superseded by another, sealed in January 1977, which allowed the few remaining pensions to continue, other funds to be applied to the relief of needy persons in the original parish - and exceptionally, and at the Trustees' discretion, to the residents immediately outside.
The Ratcliff Pension Charity (RPC)
Charity Commission Scheme No. L.2/234613 A/1
In 1536 Nicholas Gibson, who had served as Prime Warden of the Grocers’ Company, caused to be erected and endowed alms-houses for fourteen men and women and a school for thirty boys. His widow, who subsequently married Sir Anthony Knyvett and became known as Dame Avice, transferred them to the Company shortly before her death in 1554, when the school became known as the Coopers' School.
Henry Cloker (see below) also left property to benefit this charity: other substantial benefactors include Peter Thelloe, Tobias (Toby) Wood, Richard Young, Henry Strode and John Banfield.
This Charity was formed in 1896 because of the 'splitting' of the original Ratcliff Charity into two separate schemes - the Stepney & Bow Educational Foundation, concerned solely with the administration of that part of the bequest concerned with education, and the Ratcliff Pension Charity to continue the alms-house and pensioners’ purposes of the original Gibson bequest. It financed the Company's Charitable work in Stepney and Bow and the wider Tower Hamlets area by making grants to needy residents and to welfare organisations.
The Cloker Bequest
In accordance with the Will of Henry Cloker dated 1573, an annual sermon is required to be preached on New Year's Day. In May 1974, it was agreed, with the consent of the Worshipful Company of Grocers, (because New Year's Day would in future be a Bank Holiday) that the Cloker Service should in future be held on the second Wednesday in January. For various reasons, it has subsequently been changed and a Service is now held in October in the Church of St. Botolph’s, Bishopsgate. The Grocers’ Company is concerned under the terms of the Will.
This service is attended by the Master and Wardens and the Master and Clerk of the Grocers’ together with any members of the Company who may so desire. A portion of the Will is read by the Clerk, and after the sermon various small sums of money prescribed in the Will, amounting to about £20 in all, are distributed in the Vestry. The Grocers' Company is under obligation to verify each Midsummer Day that the terms of the Will have been strictly observed, for which they are entitled to be paid two guineas. Such monies as have arisen from his bequest have long since been absorbed into the Company's charitable resources.
The William Alexander Coopers' Liveryman Fund (WAC)
Charity Commission Scheme No. L.2/234614 A/1
This Fund results from the amalgamation for administrative convenience of two charities with similar purposes under a scheme agreed with the Charity Commissioners and sealed in June 1976, their purposes remaining unaltered.
That of William Alexander, who was the son of a publican and had survived four wives, was established under a Will dated 1725, the year before he died, but not proved until 1729. In 1943 the Charity Commissioners sanctioned the sale of land in the parish of Woodham Mortimer in Essex, from which the Fund had derived rent, and the investment of the proceeds in gilt-edged securities.
The other charity, the Old Coopers’ Liverymen Fund was instituted in 1844.
Application of Funds
Restricted to grants of money to needy members of the Livery or the Freedom, their wives, their widows and their dependants.
The Old Boys' Prize Fund
This fund was established by the Association of Old Coopers' School Boys under a Trust Deed dated 1885. It is applied to the Old Boys' Essay Prize, the winner of which is apprenticed to the Master each year. If he has served faithfully, he is invited to apply for the Freedom of the Company, and thus of the City of London. If accepted, Freedom fees are waived.
It is important to distinguish between the former Stepney & Bow Foundation, the Coopers' Company and Coborn Educational Foundation and its Govenors, and the Coopers' Company and Coborn School and its Govenors.
As with Strode's Foundation, the Company is not financially involved in its affairs, nor has it any direct interest other than through its six nominated School Governors and its seven nominated Foundation Governors; but it does support both the School and the College with the annual award of bursaries and with other substantial gifts. In 1986, for example, the Company presented the School with a new Steinway grand piano to mark its 450th. Anniversary.