what is philanthropy

What is philanthropy?

Philanthropy is an act of caring, a recognition that some of the resources that you have can be used to make the world a better place.

It has alleviated poverty, fostered art and culture, strengthened communities and improved our environment.

When most effective, the philanthropist brings skills, experience and networks as well as money.

This is the oxygen that nurtures the sort of society we want to live in and planet we want to live on.

I want to start giving >

Resources to help you to take the first steps into your philanthropic journey…

I want to improve >

How can you become a better giver? Resources for those looking to improve…

What are the UK’s current giving levels?

Below are the median average giving levels for wealthy people per year.

£2.5 bn

The top 1% of wealth holders give away £2.5 billion annually.

1-2%

People with more than £10m in assets give 1-2% of their wealth away annually.

20%

20% of millionaires based in Britain give more than 1% of their wealth away annually.

£4000

Half of UK millionaires give more than £4000 away annually.

Latest news, blogs and stories…

Philanthropy Right Now: The Power of Community – by Marie-Louise Gourlay

Why is community so important to the philanthropy sector, and how has it developed since the start of Covid? In her first column for Beacon, Marie-Louise Gourlay (Managing Director of Europe, The Philanthropy Workshop), reflects on how increased collaboration has led us to reassess the importance community plays in charitable giving.

More than just money; a holistic approach to giving.

“Giving money is great, but it is not the only way to help.” In this interview, we speak to London Metal Exchange chair Gay Huey Evans to learn about how effective philanthropy sometimes involves drawing on your skills as well as your financial resources to help a charity thrive.

4 ways charities and donors can collaborate better

Philanthropy should be a team sport, not a solo endeavour. Indeed, it achieves most impact when charities and donors develop strong relationships and a shared understanding. In this article, Insight Analyst Becky Cackett lays out four ways we can improve relationships, with actions for donors and charities alike.

Giving effectively: can data play a bigger role in decision-making?

Determining what charitable causes you want to support is quickly followed by the problem of resource allocation. But this can be tough when the third sector often has such poor data available. In this article, MyCake founder Sarah Thelwell tackles the data issue, looking at how improvements to the charity data can help philanthropists to give better.

A different approach to funding charities…

Traditional banks generally spend their time focusing on profit-driven companies, rather than supporting charities and social enterprises. Despite this, many third sector organisation still need loan finance. We speak to Ed Siegel, CEO of Charity Bank, a unique initiative providing a solution.

Audacious Philanthropy: 5 ways to improve your giving

Already involved in charitable giving, but not having the impact you’d like? Before simply reaching for more money, there are alterations you can make to your giving strategy which may elicit stronger results. Here are five ways you can improve and upscale your philanthropic giving.

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