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

- Link: https://fundraising.co.uk/2012/12/11/selfmade-money-drives-most-32-new-millionairebacked-trusts/
- Published: 2012-12-11T08:50:18+00:00
- Author: Howard Lake

Prospect research specialists Factary 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.

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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](http://www.factary.com)

 

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