History

The Waterloo Foundation (TWF) was established by our founding Trustees, Heather and David Stevens, in 2007.

Heather and David Stevens were part of the small team which launched the insurance group Admiral in 1993 in Cardiff.  Since its launch Admiral has grown to become one of the largest private sector employers in Wales.  In 2004 Admiral Group plc was floated on the London Stock Exchange.

TWF was formally registered with the England and Wales Charity Commission in early 2007, when Janet Alexander and Caroline Oakes joined Heather and David as Trustees of the Foundation.  Heather and David made a donation of Admiral Group plc shares to a (then) value of £99 million to establish the Foundation’s endowment fund.  In April 2007 the Foundation established and launched its own website, and we began operating from our Cardiff-based offices in October that year.

In 2023, we are celebrating our sixteenth year of operation. To date we are delighted to have made almost 4,000 discrete grants, and to have awarded over £130 million of funding in support of our charitable objectives. For examples of some of the brilliant organisations we have been able to support over the years, please see our grant programme pages.