Philanthropy Press - Which Philanthropists are flying high this year?
12 May 2017
The Giving List 2017
- Charity donations from Rich Listers included in the publication hit £3.2bn last year.
- The 20% rise in donations measured by the Giving List from £2.66bn last year sets a new record. The philanthropy of 260 people is captured for this year’s survey.
- The Giving List measures the proportion of wealth donated by those who feature in the Rich List. The biggest gift of the past year was made by Steve Morgan, chairman and founder of Redrow, one of the UK’s leading housebuilders.
- Morgan handed over 42m Redrow shares – equivalent to 11.36% of the company’s capital – to his Morgan Foundation in February, a donation worth £226m at the point of valuation for the Giving List. But for the donation, Morgan, now valued at £831m, would have been a billionaire in the 2017 Rich List. The charity targets children's and community causes in North Wales, Merseyside, Cheshire and Shropshire.
- The Giving List is topped this year by Jamie Cooper, co-founder with her ex-husband Sir Chris Hohn, of the Children’s Investment Fund Foundation. Investments generated £203m for the charity last year and it gave away a further £207m to projects related to children’s health and nutrition, and climate change. The charity has £3.66bn of assets, one of the largest cash piles of any UK-based charity.
- The £410m income and charitable spend are split equally between the pair. Cooper comes top of the Giving List, the £204.9m equivalent to more than 60% of her Rich List wealth of £337m, while Hohn ranks sixth, the sum equivalent to 25% of his £820m valuation in the new edition of the Rich List.
- Rich List philanthropists continue to target education as their main area of support with roughly half of all donations by value. They include chemicals billionaire Jim Ratcliffe's £25m donation last summer to the London Business School.
- Medical research is the most popular cause among the wider public, attracting around 16% of all giving, according to research by the Charities Aid Foundation (CAF), partner of The Sunday Times in producing the Giving List.
- Over the past five years, the donations made by the top 175 donors in the Giving List have gone up by 41%. However, in the same period their combined wealth has risen 75%.