# Q1 of 2021 saw rise in giving among UK millionaires

- Link: https://fundraising.co.uk/2021/03/30/q1-of-2021-saw-rise-in-giving-among-uk-millionaires/
- Published: 2021-03-30T08:24:12+01:00
- Author: Melanie May

**Giving rose in Q1 this year from millionaire individuals in the UK, according 
to research, returning close to pre-pandemic levels.**

Quarterly surveying conducted by the [Beacon Collaborative](https://beaconcollaborative.org.uk/)
and [Savanta](https://savanta.com/) shows that in the first quarter of 2021, the
median amount given by those with investable wealth above £1 million was £250. This
has increased from £170 in December. Mean giving also increased, rising from £2,370
to £3,990 over the same period. 

The number of individuals making donations of £1,000-£5,000 doubled among those 
with higher asset levels. Almost a quarter of those with wealth over £5 million 
gave between £1,000 and £5,000 in Q1, compared to 15% across the wealthy population
as a whole. More widely, gifts of between £100 and £1,000 remained the most popular,
with 34% of respondents giving at this level.

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The most noticeable change seen was among those with an investable wealth of £2-
5 million. Among this group, both the median and the mean rose above the levels 
seen at the height of 2020’s first lockdown. This suggests that more individuals
in this group are giving, and that the value of their gifts is increasing.

Among those with wealth over £5 million, rather than major one-off gifts like those
seen during the first lockdown last year, the value of regular contributions rose
slightly instead, suggesting a shift away from emergency funding with a greater 
focus on providing support longer term instead.

More on the Beacon Collaborative’s surveying of giving can be accessed [on its site](https://www.beaconcollaborative.org.uk/millionaire-giving-increases-through-first-quarter-of-2021/https://www.beaconcollaborative.org.uk/millionaire-giving-increases-through-first-quarter-of-2021/).