Endowment / Foundation

Updated:

Alzheimer's Society

Michelle Dyson CB leads Alzheimer's Society, the UK's largest non-government dementia research funder with roughly £93 million in assets.

Alzheimer's Society

Alzheimer's Society was founded in 1979 and campaigns alongside people affected by dementia across England, Wales, and Northern Ireland. The organisation traces its origin to a radio appeal and the merging of separate regional societies, building what is now a unified national entity chaired by Dame Suzi Leather. Its constitutional purpose is to fund research, provide support services, and advocate for systemic change. The charity channels capital into biomedical research, care implementation science, and public policy work. Its funding footprint spans early-career investigator awards, doctoral training centres, flagship project grants, and a dedicated drug discovery programme at University College London. Notable commitments include co-founding the UK Dementia Research Institute alongside the Medical Research Council and Alzheimer's Research UK, and sustaining the Alzheimer's Brain Bank UK as a joint venture partner. Service delivery covers dementia advisers, Singing for the Brain groups, and a Dementia Connect support line, embedding the organisation's spend directly into community infrastructure. Total income reported in 2023 stood at roughly £93 million, deployed by a nationwide workforce and thousands of volunteers. Michelle Dyson CB was appointed Chief Executive Officer in 2025, succeeding Kate Lee. The society maintains corporate partnership arrangements with The Football Association as official charity partner and with CBRE for fundraising events. It operates no endowment-style permanent investment pool; annual income is consumed within the mandate cycle, making it a flow-through funder rather than a perpetual capital vehicle. Its structural differentiator lies in the tight coupling of grant-making and service provision. Unlike research-only foundations, Alzheimer's Society runs direct-care operations in parallel with its science portfolio, giving its research agenda real-time exposure to the patient community it serves. That dual operating model creates a feedback loop between research prioritisation and lived experience that pure grant-makers cannot replicate.

General information

Firm type

Endowment / Foundation

Year founded

1979

AUM

Undisclosed

Location

Region

Europe

Country

United Kingdom

City

London

Corporate office

43-44 Crutched Friars, London, EC3N 2AE, United Kingdom

Principals

Michelle Dyson CB

Chief Executive Officer

Dame Suzi Leather

Chair of the Board of Trustees

Sector focus

Healthcare Services

Frequently asked questions

Who sets the research funding priorities at Alzheimer's Society?

Research priorities are set by the Board of Trustees, chaired by Dame Suzi Leather, informed by a Research Grants Advisory Board of external scientific experts and a network of people living with dementia. The society's 2022–2032 strategy commits to funding biomedical discovery and care implementation equally, with annual grant rounds reviewed through independent peer assessment. The CEO, Michelle Dyson CB, holds ultimate executive accountability for the full portfolio since her 2025 appointment.

How does Alzheimer's Society fund its operations — through endowment income or annual fundraising?

The society operates on an annual income model, not an endowment drawdown. Its roughly £93 million in total income for 2023 came from voluntary donations, legacies, corporate partnerships, and trading activities. It does not maintain a permanent investment portfolio in the traditional foundation sense; reserves are held as cash and cash equivalents to cover working capital and contingent programme commitments.

What is the relationship between Alzheimer's Society and Alzheimer's Research UK?

They are separate charities with distinct missions: Alzheimer's Society focuses on both research funding and direct support services for people affected by dementia, while Alzheimer's Research UK is exclusively a biomedical research funder. They are formal joint venture partners in the Alzheimer's Brain Bank UK, a tissue donation and research resource. The two organisations also co-fund specific initiatives and coordinate on public policy campaigns around dementia science investment.

Does Alzheimer's Society run clinical services directly?

Yes. The charity operates a national Dementia Connect support line, approximately 900 local service locations offering dementia advisers, and structured group programmes such as Singing for the Brain and peer support. These services are delivered by paid staff and volunteers, sitting alongside its grant-making function rather than being outsourced to a separate delivery partner.

Which geographies does Alzheimer's Society cover?

The society operates in England, Wales, and Northern Ireland. It does not cover Scotland, where Alzheimer Scotland is the equivalent national charity. Some joint research funding arrangements extend to Scottish universities through UK-wide consortia such as the UK Dementia Research Institute.

What is Alzheimer's Society's known posture on commercial partnerships for drug development?

The society invests in translational research through its Drug Discovery programme at University College London and collaborates with pharmaceutical and biotech companies on specific projects where charitable funding can de-risk early-stage targets. It does not take equity positions or royalties from commercial ventures. Its role is to bridge the gap between academic discovery and clinical validation, with research outputs published openly.

Who governs Alzheimer's Society and how are conflicts managed?

The Board of Trustees, chaired by Dame Suzi Leather, holds ultimate fiduciary and strategic authority. Trustees are unpaid volunteers drawn from clinical, scientific, commercial, and lived-experience backgrounds. The board maintains a register of interests, and all grant-making decisions follow published conflict-of-interest protocols that exclude trustees with direct affiliations from specific funding recommendations.

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