British Philanthropy Up

August 22, 2006      Admin

The Financial Times offers a report on philanthropy in the U.K. Interesting takeaways:

    • Observors see shift from inherited wealth donors to self-made donors;
    • These donors, similar to their U.S. counterparts, are eager to apply business principles to their giving, expecting demonstrable return on their charitable investments;
    • And they give to produce significant results, not to assuage guilt.

Sound familiar?

The top 30 British donors increased their giving 36% in the past year, from £333 million to £453 million. British philanthropy equals .84% of gross domestic product, compared to 1.85% in America.