Stonewall seem to be trying to spin what is actually a failure on Stonewall’s part as being about Trump’s anti-DEI efforts.
GEF gave them £233k last year. That is not nearly enough money to fund the 50+ staff they are claiming they will need to lay off.
Stonewall are looking at large layoffs because of the cratering of support and a failure to face the reality of what that means in terms of money.
Stonewall’s income is down by £2M a year since 2018 (since which time costs have skyrocketed). They have lost far more from their donations (down over 20% just from 2023 to 2024) than they will from GEF. And even more from fees and program income which are both down by significant amounts. Over all their revenue is has plummeted over the last few years from about £8.7M in 2018 to £6.9 in 2024.
And as income has fallen, instead of adjusting services they have eaten through reserves. They had assets of nearly £5M in 2018. It was less than £1M in 2024.
If they continued to spend the way they have been they would become insolvent in the next year or so even if they had kept the GEF funding.