As the second largest endowed foundation in the UK focusing on health, they spend around £30 million a year on improving health and health care. The Health Foundation was founded in 1983 as the PPP Medical Trust with a donation of £350,000 a year from
Private Patients Plan Limited. In 1998, the organisation, then named the PPP Healthcare Medical Trust, became fully independent with an endowment of approximately £540 million resulting from the sale of the PPP Healthcare group to
Guardian Royal Exchange. In 2003 the organisation was renamed the Health Foundation to signal its completely independent status as a grant-making charity. The Health Foundation has no connection to PPP and is accountable only to its independent board of trustees and the
Charity Commission. ==Notable people==