Charities Aid Foundation has received more than £500 million in donations to charities in 2015/16, the largest total amount that the charity has processed to date.
Indeed, the level of giving among individuals and companies who use CAF to support good causes has risen for the fourth consecutive year.
The total was revealed in CAF’s annual Trustees report, which shows that:
- a record £524 million was paid into charitable accounts by donors
- £462 million was distributed to charities via CAF
The difference in figures is due to many donors maintaining a balance in their CAF accounts with which to donate in the future.
CAF receives and manages donations on behalf of:
- more than 250,000 individuals
- 2,500 businesses
- wealthy philanthropists
CAF in 2015/2016
The 2015/16 annual Trustees’ Report shows that:
- Regular givers donated £104 million to charities through CAF, an increase of £4 million on the previous year.
- Companies donated £85 million into CAF Company Accounts, up £3 million on the previous year.
- Employees of over 2,500 firms donated more than £76 using Give As You Earn, CAF’s payroll giving service.
- Major donors donated £164 million, up from £156 million the previous year.
- Major donors paid 10% more than last year into CAF Charitable Trust accounts and legacies compared to the previous year.
- CAF Bank has now loaned £46 million to charities: last year it loaned £20 million.
- CAF Donate, CAF’s online fundraising platform, helped charities raise £23 million.
- More than 1,400 charities and businesses took part in last year’s #GivingTuesday campaign, co-ordinated in the UK by CAF.
CAF Chief Executive John Low said:
“This incredible level of support for good cause is befitting of one of the world’s most generous countries. Much of these donations are paid out right away to tens of thousands of charities while others build up over time as people and businesses grow their philanthropic funds for the future.
“Thanks to the generosity of CAF customers we have been able to support charities making a real difference to people’s lives, whether its building schools in Uganda, providing desperately needed new affordable housing closer to home or working with retailers to ensure that good causes feel the benefit of the plastic bag levy”.