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Research from the University’s Centre for the Study of Philanthropy, Humanitarianism and Social Justice has revealed that UK philanthropy has remained surprisingly robust despite the economic situation.
The research, which was commissioned by Coutts & Co for its second annual Coutts Million-Pound Donors Report, also reveals that, unlike the first year this research was undertaken (2006-2007), more 'million-pound donations' are being given directly to front-line charities rather than being 'banked' in charitable foundations for distribution at a later date. Consequently, the amount of money that 'million-pound donors' have made available for spending directly on charitable recipients has actually increased from £705m in 2006/07 to £808m in 2007/08 - an increase of over £100 million.
Other key findings include: