Factary has produced a report on 32 newly registered grant making trusts, established by wealthy people. The Trusts were registered with the Charity Commission of England & Wales in 2012. Whilst many of the settlers have featured in the Sunday Times Rich List, some do not. It is useful to have the benefit of Factary’s estimate of wealth.* The report also includes brief profiles of the people behind the new trusts.
The report is available from Factary at £135. Current and new subscribers to New Trust Update report can order the report at the special price of £95.
A number of the Trusts were familiar from my work on The Trust List.
* word of caution – it might be reasonable to reduce the wealth estimate where it is based on the value of net assets in a company. Those net assets might not be realisable if the worst comes to the worst.
Finbar Cullen, ResearchPlus