JRCT is an independent, endowed foundation. The Trust’s resources come from a portfolio of investments, almost entirely held, directly and indirectly, in UK and overseas equities.

The Trust aims to make grants at a level that is sustainable in real spending terms. We believe that the most effective way to align our investments with our values is to use fund managers who take a responsible investment approach. The Trust seeks to avoid material investments in armaments, gambling, tobacco and new generation nuclear power. The Trust also engages with companies to encourage good practice on a range of environmental, social and governance issues. We often undertake such engagement in partnership with grantees or other foundations.

Annual report and other reporting:

JRCT Annual Report 2022


JRCT Annual report 2021


JRCT annual report 2020

JRCT annual report 2019

JRCT annual report 2018

JRCT annual report 2017

JRCT holdings


Investment policies:

JRCT investment policy

Voting policy

JRCT engagement policy 


Expectations of our fund managers:

Gender balance: JRCT statement of expectations of its fund managers

Technology - JRCT statement of expectations of its fund managers