Our Current Projects
Since 2007, there have been more than two dozen studies that have analysed the behaviour of wealthy UK donors. Yet, the uncomfortable truth remains that we have little insight on why most wealthy people in the UK don’t give much at all. Put politely, giving is a low priority activity for the vast majority of wealthy people in the UK.
This study will aim to address this significant gap in our knowledge in order to identify what targeted activities will encourage different groups to start giving in the ways that are most meaningful to them.
This project is being currently scoped out with partners including;
The emerging economies in Asia, Africa and Latin America are creating a wealthy elite, some of whom want to establish global philanthropy foundations. The UK is an attractive place to base these organisations with a stable regulatory framework and a long history of global giving.
This research will examine the UK’s competitiveness as a home for global philanthropy foundations and press for obstacles to be addressed. Attracting more global foundations will support the UK economy, encourage the development of foundation staff skills and may encourage greater domestic giving.
2019 should see the 11th Beacon Awards celebration. Were currently exploring options for categories, judges and nominees. Watch this space.
Developing connections between elected politicians, government departments and philanthropists should allow great co-ordination in tackling some of the UK’s most entrenched issues. Working with partners at Philanthropy Impact, we have established an APPG on Modern Philanthropy. The APPG will host a series of high level roundtables exploring the role of philanthropy in addressing various issues, and supporting the arts, culture and sports sector.
Our knowledge of economic and social impact of philanthropy in the UK is patchy in places, and often developed from anecdotes or small pieces of market research. This research will consolidate and build on this knowledge. Using official data, it will explore the net financial value of philanthropy in the UK, as well as generating estimates of its social and economic returns by exploring where philanthropic donations ‘go’ and how this in turn affects the work of charities.
This work stream will collate the experience of the leading UK cause-focused forums and codify best practice for establishing similar networks in a financially sustainable manner. The blueprint and recommendations will provide a route map that others can implement to replicate a cause-focused network in their funding area, considering costs, resources, activities, outreach and administration.
Of the 16,000 advisory firms currently operating in the UK, only one in five offers any form of philanthropy advice to their clients (22%). Moreover, the satisfaction score clients give to their advisers for the philanthropy advice they receive is just 5.9 out of 10. At the same time, professional advisers are typically the first port of call for wealthy individuals as they accumulate and decumulate wealth through their lives.
Offering training to advisers will ensure they have the knowledge and the confidence to make philanthropy and social investment part of the normal discourse on wealth.
In addition, professional standards will not only raise the quality of advice given to donors, it will also help to raise the quality of funding provided to individual charities.