Lloyd's Patriotic Fund
Encyclopedia
Lloyd's Patriotic Fund founded in 28th July 1803 at Lloyd's Coffee House
. They gave grants to those wounded in service to the crown and set up annuities to the dependents of those killed in action. They also awarded prizes for those who went beyond the call of duty, such rewards could be a sum of money, a sword or a piece of plate. The awards were highly publicized to help raise moral during wartime. The fund also donated a fund valued in 1807 at £61,000 to the Royal Naval Asylum
, giving Lloyd's Patriotic Fund the enduring right to nominate children to the school.
Lloyd's Coffee House
thumb|Lloyd's Coffee HouseLloyd's Coffee House was a coffee house opened by Edward Lloyd around 1688 in Tower Street, London. This establishment was a popular place for sailors, merchants, and ship owners, and Lloyd catered to them with reliable shipping news. The shipping industry community...
. They gave grants to those wounded in service to the crown and set up annuities to the dependents of those killed in action. They also awarded prizes for those who went beyond the call of duty, such rewards could be a sum of money, a sword or a piece of plate. The awards were highly publicized to help raise moral during wartime. The fund also donated a fund valued in 1807 at £61,000 to the Royal Naval Asylum
Royal Naval Asylum
The Royal Naval Asylum was an educational institution, founded under the name The British National Endeavour in 1798, by a Mr Andrew Thompson who strongly excited the charity of the British population by his ideas for a small "industrial school" for the orphans of military and naval personnel...
, giving Lloyd's Patriotic Fund the enduring right to nominate children to the school.