LONDON. 24 October 2007 – Deutsche Bank staff and HRH The Earl of Wessex visited a number of successful community projects in Shadwell and Shoreditch funded through the Wessex Trust by Deutsche Bank. The Earl was accompanied by Deutsche Bank staff members who have been actively involved in the partnership and in the selection of applicants recommended to the Trustees to receive grants.
Over the past four years through its Corporate Social Responsibility programme, Deutsche Bank has donated £80,000 to The Wessex Youth Trust. The funds have been distributed as small grants benefiting organisations in the Shadwell area and communities in East London.
The visit to the Shadwell Basin outdoor activity centre, the Glamis Adventure Playground, also in Shadwell, and Hoxton Hall in Shoreditch was an opportunity to see how the grants have been invested and to meet the people vital to the success of these community projects.
Kate Cavelle, Director, Corporate Social Responsibility UK, Deutsche Bank, commented “Deutsche Bank’s partnership with The Wessex Youth Trust has enabled us to help smaller community organizations gain access to grants to provide vital services to some of London’s neediest young people. The selected charities are small organisations and therefore these grants can have significant impact on their ability to help London's youth.
“We are delighted to be sharing with the Earl of Wessex some of the success stories of the Deutsche Bank partnership with The Wessex Youth Trust, a model that Deutsche Bank has replicated elsewhere to support small community organisations in Southwark and Lambeth”.
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About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 75,140 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Wessex Youth Trust
The Wessex Trust (previously known as The Earl & Countess of Wessex Charitable Trust) is a well-established grant-making trust with excellent operational expertise. Founded in June 1999 the Trust’s primary aim is to make grants to other registered charities and charitable causes which provide opportunities to help, support and advance young people. Preferential consideration is given to appeals for specific projects received from self-help organisations and to charities requiring support to ‘prime the pumps’ for development and more extensive fund-raising initiatives. Since 1999, the Trust has made donations of over £930,000, primarily to charities in the UK. The Trust does not generally support charities whose accounts disclose substantial financial resources and which have well established and ample fund-raising capabilities.