The Society for Promoting the Training of Women has changed its name to Futures for Women – the Work of the SPTW.
The charity, which provides interest-free loans to women to be used for training and further education, said it wanted its name to be less "unwieldy" and better reflect its activities.
Jane Hampson, secretary of the charity, which will use Futures for Women as its working title, said: "It was decided to have a new working name because it was felt that the Society for Promoting the Training of Women was not particularly memorable, being rather long and unwieldy. Similarly, the acronym SPTW does not trip off the tongue very easily.
"The trustees wanted a fresh and contemporary name and a new logo to better reflect the charity’s work today."
The charity, which had an income of £9,378 in 2012, was founded in 1859 and was originally known as the Society for the Promotion of Employment of Women. Recent applicants have been awarded loans for study towards becoming doctors, painters, musicians, pilots and therapists.
Elspeth Richards, chair of Futures for Women, said in a statement: "Our new name expresses more clearly what the society has always done: enabling women to improve their prospects of employment.
"The current economic climate gives greater urgency to our work and with our new name we hope to become better known, not only to those in need of our help but also to potential sponsors and donors."