In 2019/20 the Foundation had a gross income of approximately £21 million,[1] much of which is derived from extensive land holdings in the centre of Birmingham.

The New Street chantry was one of thousands abolished, though the people of Birmingham were told that the assets would not be seized by the Crown but made available for educational purposes.

When the assets still had not been returned to the town, a meeting was held at St Martin in the Bull Ring to petition the Crown to build a school on New Street on the land occupied by the former chantry.

In 1883, five new King Edward's schools were created to meet the educational needs of the expanding population of the city of Birmingham.

The Academy Trust inductee for the 2023/24 academic year is King's Norton School for Boys, having received approval in 2023.