Ed Sheeran donates £1million to help children learn music
‘He’s never forgotten his struggle to reach the top’: Ed Sheeran donates £1million to help children learn music after the ‘impact’ it had on his life
Ed Sheeran has donated nearly £1million to help young children learn music after the ‘impact’ it had on his life.
The singer’s generosity was recently revealed in new accounts of Sheeran’s charity foundation.
The 31-year-old father-of-two has sent The Framlington Foundation Trust, named after the Suffolk town where he grew up, £500k to help young aspiring musicians after already giving away that amount over the past five years.
Good cause: Ed Sheeran has donated nearly £1million to help young children learn music after the ‘impact’ it had on his life
A source told The Mirror: ‘Ed has never forgotten his struggle to reach the top and the impact music made on his life. It is fantastic he’s helping in this way.’
Kids can apply to the charity, which trades under the name Ed Sheeran Suffolk Music Foundation, for funding for instruments, rehearsal space and gigs.
Ed, who is worth an estimated £180m, said: ‘The reason I’m doing it in Suffolk is [because] it’s the area I grew up, I still live here and I learnt how to play music here and I feel like I’ve had a lot of support from the area and I feel like I wanna give some support back.’
The former busker said: ‘It’s like ‘earn a penny, spend a penny’ with me. As soon as it comes in, it goes out. I don’t have much value on it. […] I have more value on my friends and family being OK.’
A source told The Mirror: ‘Ed has never forgotten his struggle to reach the top and the impact music made on his life. It is fantastic he’s helping in this way.’
Last year, Ed retained his crown as the richest British star under thirty for the third year running, with eye-watering earnings of £236.5m.
In the last year, Ed – who boasts not only the most-streamed single of all time with Shape Of You but also the highest-grossing tour of all time with Divide Tour – has increased his estimated worth by £26.5m.
It comes after it was revealed Ed’s property empire accounts surpass £38million, according to the latest figures.
Ed, who is estimated to have a portfolio worth a staggering £65million, has been hit by the pandemic with his pub and restaurant in Notting Hill, Bertie Blossoms, making a loss of nearly £1.2million.
In documents seen by MailOnline, Ed’s Maverick Properties Ltd has £35,769,804 in assets, after he added £3.012m worth of property.
Meanwhile, Maverick Commercial Properties has £2,687,906 in assets after Ed added property worth £994,342 in 2020. The combined total of the two accounts is £38,457,710.
In the hospitality side of his empire, Ed’s company That Dive Bar Portobello Ltd is -£565,063, while Fat Punt Ltd is -£623,661.
The closure of Ed’s pub and restaurant during lockdown made his accounts plunge nearly £1.2million in the red.
Ed, who is worth an estimated £180m, said: ‘The reason I’m doing it in Suffolk is [because] it’s the area I grew up, I still live here and I learnt how to play music here and I feel like I’ve had a lot of support from the area and I feel like I wanna give some support back.’
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