# HNWs & business owners continuing charity support despite economic uncertainty

- Link: https://fundraising.co.uk/2023/09/06/hnws-business-owners-continuing-charity-support-despite-economic-uncertainty/
- Published: 2023-09-06T09:49:13+01:00
- Author: Melanie May

**A survey by Rathbones Investment Management of 1,035 HNWs and business owners 
has found that one third have been supporting charitable organisations with regular
financial donations over the last six months. **

A further 30% have offered one-off cash payments to charitable organisations during
this time.

Half (49%) of the HNWs (individuals with over £250K in investable assets) and business
owners surveyed said they were concerned about their charitable donations over the
next 12 months, with 16% very concerned. However, 31% have plans in place to pass
their wealth on to charities, either by continuing to make regular donations or 
by establishing a legacy or foundation.

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HNWs and business owners in Aberdeen and Aberdeenshire were the most likely to continue
making financial gifts to charity, with 42% saying they will do so in the future.
In the North East of England, 34% of HNWs have plans to do the same, with 32% of
those in the North West, South West and Greater London also hoping to make future
donations.

Emma Watson, Head of Financial Planning at [Rathbones Group plc](https://www.rathbones.com/),
commented:

> “Despite the difficult economic climate and uncertainty about future financial
> stability, HNWs and business owners have remained focused on philanthropic giving.
> The cost of living has tightened purse strings across the board, but it is encouraging
> to see a continued commitment to charitable giving, particularly at a time when
> charities need financial support more than ever.
>  
> “For anyone considering the future of their financial commitments, whether through
> charitable donations or by establishing a legacy or foundation, it’s important
> to ensure you have the funds you need to achieve your goals. Speaking to a financial
> adviser or planner will help you manage your wealth journey, whether it includes
> a one-off charitable donation, or a longer-term philanthropic plan.”

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