The charitable role of the Clothworkers' company nevertheless continued, supported by generous gifts of money and property by members and benefactors.
Nowadays, the company's main role is in the charitable sphere, through the Clothworkers' Foundation, an independent charity.
Through its grants, the Foundation seeks to improve the quality of life, particularly for people and communities that face disadvantage.
The company generates some of its income by renting out the hall on a private hire basis for events.
[2] Famous members of the Worshipful Company of Clothworkers included King James I, Samuel Pepys, Prince Albert of Saxe-Coburg and Gotha, Baroness Burdett-Coutts, George Peabody, Sydney Waterlow, Edward VII, Lord Kelvin, Viscount Slim, Robert Menzies and the Duke of Kent.