CAF handled record £368m last year
Howard Lake | 3 November 2008 | News
Donations to charity via Charities Aid Foundation (CAF) increased by 17% to £368 million in the year to April 2008, benefiting 45,000 charities.
This record amount for CAF saw increases in many areas of giving. Donations made by more than 4,000 companies and their employees through Give As You Earn grew by 19% to £163 million, and 85,000 individuals with a CAF Charity Account donated £93 million, a rise of 22%.
International and cross border giving rose to £30 million, an increase of over 50%. Donations processed on behalf of other charities through CAF’s Fundraising Support service also grew by 12% to £29 million.
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The figures are contained in a new report entitled the “CAF Effect”. It includes details of results for CAF’s international arms. Total donations received through CAFAmerica and the CAF American Donor Fund passed £27 million, a 23% increase on 2006/07. Total donations via CAF Russia topped £4 million, a 22% increase on 2006/07, and CAF Australia received over £8 million for distribution, a huge increase from £3 million in 2006/07.
CAF’s financial arms also performed well. CAF Bank enjoyed growth and now manages £924 million for its 14,000 charity customers. Charities have also deposited £350 million in the CAF Fixed Rate Selector Account.
Venturesome, the charity’s social investment fund, has now grown to £8 million with funds provided by CAF and 12 outside investors. In the past year Venturesome committed £3.9 million to 30 charitable enterprises.
John Low, Chief Executive of CAF acknowledged that these results were due to the generosity of individual and company donors and the charities who used its services.
He added that “figures alone cannot fully communicate the contribution CAF has made to the third sector over the past year. I hope this new report gives an insight into the far-reaching impact we had last year.”
- New books from Charities Aid Foundation (13 August 1999)
- Neil Heslop appointed next CEO of Charities AId Foundation (24 June 2020)
- CAF’s UK Giving Report shows drop in regular givers for third year running (7 May 2019)
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.