The total value of charitable donations worth ?1 million or more has fallen to its lowest level since 2007, a report has shown.
More than ?1.2 billion was raised through UK charitable donations of ?1 million or more in 2010/11, according to the Coutts report.
That was down significantly from the pre-financial crash total of more than ?1.6 billion in 2006/7. But the number of ?1 million donations has increased from 193 to 232 over the same period, suggesting donations are generally getting smaller.
A higher proportion of philanthropists (60%) were giving money to charities rather than charitable trusts, the report, produced in association with the University of Kent, showed.
There has also been a big increase in the number of ?1 million donors, with 130 different donors identified, up from 73 the previous year. This figure includes individuals, charitable trusts, foundations and corporations, some of whom made more than one donation worth ?1 million or more.
Higher education, arts and culture and international development remain the most popular destinations for the largest gifts among donors. But support for environmental causes also increased in 2010/11, and all types of charities attract some support from ?1 million donors, according to the report.
There was a wider spread as 191 organisations received ?1 million donations, compared with 154 in the previous year. Organisations that received multimillion-pound donations tended to be the oldest universities, such as Oxford and Cambridge, or national arts and cultural institutions.
The most frequent size of donation is worth exactly ?1 million, indicating that "giving a million" has both economic and psychological significance for donors, and is the size of gift that establishes a donor among the "top rank" of UK philanthropists, the report said.
Maya Prabhu, executive director of philanthropy services at Coutts, said: "It's extremely encouraging for the development of UK philanthropy to note that this is the highest number of donors and donations since we began compiling this report in 2008.
"Large-scale philanthropy is on the increase and the more donors there are and the more they communicate about the benefits their philanthropy brings to society and what it means to them personally, the more it will grow and strengthen a new generation of philanthropists."
chase CJ Spiller tracy morgan Chase.com Talk Like a Pirate Day raiders Demi Lovato
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.