Cruddas came from a working-class home in London and left school at 15 before setting up his firm CMC Markets. He has stated that attending the Scouts helped fuel his ambitions and give him confidence. He has received honorary university degrees for his philanthropic work.
Who does it help and how?
The foundation's funding aims to help the most disadvantaged and disengaged young people aged 14 to 30. It prioritises projects and programmes that help young people to access pathways to education, training and employment so that they can become financially independent.
It accepts applications from charities in England and Wales only, not community interest companies or social enterprises.
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