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City Bridge Foundation
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City Bridge Foundation
City Bridge Foundation is the working name of the historic Bridge House Estates, which originated in the late eleventh century and was formally established by royal charter in 1282 by the City of London Corporation in London, England. It is a registered charity governed by a single trustee, the City of London Corporation, represented by the City Bridge Foundation Board.
It was originally established to maintain London Bridge and, subsequently, other bridges. Funded by bridge tolls and charitable donations, the foundation acquired an extensive property portfolio which made it more than self-sufficient. As well as maintaining the bridges, the foundation also makes charitable grants. It is one of three trust funds managed by the City of London, the other two being the City Fund and the City's Cash.
Since it was established, the foundation has maintained, and on several occasions replaced, London Bridge. The foundation also built Blackfriars Bridge and Tower Bridge, and purchased Southwark Bridge from the toll-exacting private company that built it. Most recently it took over ownership and maintenance of the pedestrian-only Millennium Bridge, having provided a large amount of the funding for its construction. The estate owns significant amounts of property in the City of London.
Until 1995, the foundation was permitted to use its income only for expenditure on its bridges. However, with a surplus of income over expenditure, a cy-près scheme was adopted in that year to allow any surplus income to be used for other charitable purposes benefiting Greater London.
From 1995 to September 2023 the charity funding arm was known as City Bridge Trust. In September 2023 Bridge House Estates and the City Bridge Trust merged unifying the brand as the City Bridge Foundation, however the formal entity name is still the Bridge House Estates.
The Bridge House Estates took its name from Bridge House, which was the administrative and maintenance centre of Old London Bridge located on the south bank of the River Thames, near the site of St Olave's Church (since replaced by St Olaf House in Tooley Street). The site, now covered by the London Bridge Hospital and the Cotton's Centre, was constituted of at least two properties in Southwark. The first was that of Peter of Colechurch the warden of the bridge from 1163, and probably a monastic dwelling. The second property was the house left by the will of Henry fitz Ailwin, first named Mayor of London, in 1215.
The bridge became part of the City's jurisdiction from 1282, and this led to the City attempting to extend control over Southwark, succeeding in acquiring the 'vill of Southwark' alias the Guildable Manor in 1327.
Known as the Bridge Mark, the logo of Bridge House Estates is one of the oldest logos in continuous use and can be found carved into stonework in many places along the riverfront. It has been the identifying emblem of the Bridge House Estates for many centuries, but the latter now uses the City of London arms as an emblem.
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City Bridge Foundation
City Bridge Foundation is the working name of the historic Bridge House Estates, which originated in the late eleventh century and was formally established by royal charter in 1282 by the City of London Corporation in London, England. It is a registered charity governed by a single trustee, the City of London Corporation, represented by the City Bridge Foundation Board.
It was originally established to maintain London Bridge and, subsequently, other bridges. Funded by bridge tolls and charitable donations, the foundation acquired an extensive property portfolio which made it more than self-sufficient. As well as maintaining the bridges, the foundation also makes charitable grants. It is one of three trust funds managed by the City of London, the other two being the City Fund and the City's Cash.
Since it was established, the foundation has maintained, and on several occasions replaced, London Bridge. The foundation also built Blackfriars Bridge and Tower Bridge, and purchased Southwark Bridge from the toll-exacting private company that built it. Most recently it took over ownership and maintenance of the pedestrian-only Millennium Bridge, having provided a large amount of the funding for its construction. The estate owns significant amounts of property in the City of London.
Until 1995, the foundation was permitted to use its income only for expenditure on its bridges. However, with a surplus of income over expenditure, a cy-près scheme was adopted in that year to allow any surplus income to be used for other charitable purposes benefiting Greater London.
From 1995 to September 2023 the charity funding arm was known as City Bridge Trust. In September 2023 Bridge House Estates and the City Bridge Trust merged unifying the brand as the City Bridge Foundation, however the formal entity name is still the Bridge House Estates.
The Bridge House Estates took its name from Bridge House, which was the administrative and maintenance centre of Old London Bridge located on the south bank of the River Thames, near the site of St Olave's Church (since replaced by St Olaf House in Tooley Street). The site, now covered by the London Bridge Hospital and the Cotton's Centre, was constituted of at least two properties in Southwark. The first was that of Peter of Colechurch the warden of the bridge from 1163, and probably a monastic dwelling. The second property was the house left by the will of Henry fitz Ailwin, first named Mayor of London, in 1215.
The bridge became part of the City's jurisdiction from 1282, and this led to the City attempting to extend control over Southwark, succeeding in acquiring the 'vill of Southwark' alias the Guildable Manor in 1327.
Known as the Bridge Mark, the logo of Bridge House Estates is one of the oldest logos in continuous use and can be found carved into stonework in many places along the riverfront. It has been the identifying emblem of the Bridge House Estates for many centuries, but the latter now uses the City of London arms as an emblem.