Our independence

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Our independence is very important to us. The impact we aim to make depends on the objectivity of our work, independence from vested interests and the freedom to speak up and determine our own priorities.

We protect this independence in a number of ways.


The King's Fund is governed by a Board of Trustees who are accountable for our work and for ensuring our independence. The Board agrees our strategy, approves our budget (including the amount we can draw down from our endowment) and holds the senior management team to account for delivering our work programme. Read more about how we are governed.

Our reputation and influence depend in part on the quality and independence of our published work, and we have arrangements in place to ensure this.

Our funding

Our funding comes from a diverse range of sources. As a charitable foundation, around a third of our income is generated by our endowment – funds maintained and invested since our creation in 1897. This income guarantees a consistent stream of funding to support our charitable objectives, giving us a greater degree of independence than if we were more reliant on other sources of funding.

Our remaining income comes mainly from our leadership and organisational development services; commissioned research and policy analysis; and income-generating commercial activities, the proceeds of which are used to support our charitable objectives. More details on our sources of income can be found here.

Working in partnership

We work in partnership with a range of organisations - for example, those who commission us to undertake research; those we work jointly with on policy projects; and our corporate partners and supporters. All our partnerships are governed by our ethical collaboration policy.