According to new figures from Charities’ Aid Foundation (CAF), up to £1 billion of the £7.3 billion given to charity each year, is given by the UK’s wealthiest donors.
However, CAF believes thet their contribution is greater than this headline figure and that many wealthy individuals and their families tend to manage their giving over the long term through the establishment of Trusts and foundations. Funds invested in this way account for a significantly larger proportion of total donations than the £1 billion spent each year.
The figures are due to be released at Innovation in Planned Giving, the UK’s first conference designed exclusively to broaden awareness of the subject and share latest thinking among donors and their private client advisers.
Hosted by CAF, the conference will also see the official launch of Family Philanthropy as a specialist division of CAF. Family Philanthropy combines all relevant services required for planned giving, including trust and foundation administration, investment management, grantmaking and research. Innovation in Planned Giving will provide an annual forum for all those engaged in philanthropy, from individual donors themselves, to those who advise them including wealth management advisers, private client lawyers and accountants.
There will be ./guidance on cross-border giving, presentations on some of the latest developments in venture philanthropy, and an examination of the tools for donors and advisers of charitable trusts and foundations.
The forum has attracted donors and advisers from across the UK and strong international interest including a number of wealthy Russians. The conference is a one-day event with registration from 8.30am.
Tickets, priced £150 plus VAT are available online or by calling CAF Events Tel: 01732 520 074 or by email: ev****@ca*******.org