The Institution of Engineering and Technology Benevolent Fund

Analysis

The Institution of Engineering and Technology Benevolent Fund is a registered charity in England and Wales, based in Suffolk. It was registered in September 1962, 64 years ago. Its declared purposes cover general charitable purposes, the advancement of health or saving of lives, disability and the prevention or relief of poverty, which this site groups under health and saving lives. Legally it is a charitable company (Companies House number 00441284). It says it makes grants to individuals, provides human resources and provides services.

In the financial year ending June 2025, The Institution of Engineering and Technology Benevolent Fund reported income of £1.6m and spending of £1.2m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2021 to June 2025, income grew from £1.3m to £1.6m (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 144% of the income it received.

Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, The Institution of Engineering and Technology Benevolent Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in England and Wales with reported income it ranks in the 95th percentile. Charities of a similar size with the same main cause include Asylum Welcome (£1.6m), Citizens Advice Darlington, Redcar and Cleveland (£1.6m) and Surrey County Football Association Limited (£1.6m).

In its latest detailed accounts, income came from donations and legacies 59%, investments 39% and charitable activities 1.5%. Gifts in wills alone brought in £743k. Charitable activities took 68% of spending and raising funds 19%. Reserves of £1.1m would cover about 9 months of spending at that rate. It employed 13 people.