Many armed forces charities struggle to raise sufficient funding to support serving and former members of the British Armed Forces’ and sometimes their dependants who are in need. The Veterans' Foundation (“VF”) was set up in 2016 to establish a new and nationwide source of funding to help these charities. It acquires its funds mainly through the Veterans’ Lottery, and also through donations. The trustees of the VF then disburse funds, by way of grants, to charities and other organisations which support veterans and their dependants. The VF has grown significantly since it started and has now awarded grants of over £7.1 million to well over 250 charitable organisations.