Charity fundraising harder than five years ago, says report

Howard Lake | 25 February 2003 | News

• Tagged with:
• Giving/Philanthropy
• Research / statistics

A report from JP Margan Fleming Asset Management today reports that 57% of charities are finding it more difficult to raise funds than they did five years ago.

The report added that 55% of charities were having to reduce their charitable activities because stock market falls had reduced their assets. It stated that more than 75% of charities had experienced a fall in the value of their assets in the year to September 2002: of these, 36% had lost between 11% and 20%.

James Saunders Watson, head of charities at JP Morgan Fleming Asset Management, argued that companies were still not taking advantage of Gift Aid to make donations to charities.

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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.