Fundraising news, ideas and inspiration for professional charity fundraisers

Self-made money drives most of 32 new millionaire-backed trusts

Self-made money drives most of 32 new millionaire-backed trusts

specialists have produced a report on the new grantmaking trusts created by people in the UK with wealth of £10 million or more this year.

The Foundations of Wealth 2012 reveals that 84% of the 32 multi-millionaires behind these new trusts have generated their fortunes themselves, rather than inheriting them. The 65-page report shows that these philanthropists come from a wide range of sectors, from financial services, retail and property sectors, to fashion design, brewing and acting.

Factary has used its Factary Phi database of donations to UK causes to identify the charities and causes that these people supported before they set up the trusts. It has found that many of these philanthropists have an international outlook. Three of them are from the USA, now residing in the UK, and as a group they have charitable giving links to 14 countries.

The Foundations of Wealth 2012 is available for purchase for £135 from Factary. Current and new subscribers to Factary's New Trust Update report can order it for £95.

www.factary.com

1,921 total views, 1 views today

Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

Get free email updates

let us keep you up to date with fundraising news, ideas and inspiration with a weekly or daily email.

* We do not share your email or personal details.
Sign up for free fundraising news by email

Before you go…

let us keep you up to date with fundraising news, ideas and inspiration with a weekly or daily email.
" />