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…

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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…

Why match funding works for philanthropy

One donation, twice the impact – clearly an attractive proposition for any funder. But what is the history of match funding programmes, have they been successful in the UK, and why is the philanthropy sector now waking up to them? Alex Day writes for Beacon in this guest blog.

The Beacon Forum & the vitality of collaboration.

Why has cooperation been so important in philanthropy throughout Covid? What lessons has the pandemic taught us about giving better? At the end of October, we ran a forum for 145 philanthropists and sector professionals, inspiring discussion on all manner of topics. We reflect on the day and what we learnt.

Philanthropy Right Now: Democratising Philanthropy – by Marie-Louise Gourlay

How do we bring the voices of those with lived experience of an issue into the discussions of its resolution? In her second column for Beacon, Marie-Louise Gourlay (Managing Director of Europe, The Philanthropy Workshop), reflects on how we can make philanthropy more equitable by increasing the number of voices in the sector’s landscape.

New Climate Pledge for Individual Philanthropists Launched alongside COP26

In line with the COP26 climate conference, Beacon and the Environmental Funders Network (with support from ACF) have launched a dedicated climate philanthropy pledge. The Individual Philanthropy Commitment on Climate Change is the world’s first of its type in the climate space and is aimed at attracting new philanthropists to use their resources in tackling the climate crisis.

New commission on impact investing announced.

A new commission into unlocking the potential of individual impact investing has been established by Beacon Collaborative and Big Society Capital. The six month commission will look at the barriers HNW individuals face in impact investing and how they can be overcome.

Beacon Collaborative

Is responsible investing “fit for purpose”?

Responsible investing is a phenomenon which is taking over the philanthropy world. With new socially-targeted investment vehicles cropping up each month, there are more options than ever to do good with your investment portfolio. But does responsible investing do what it says on the tin? Sector expert Scott Greenhalgh embarks on a comprehensive analysis…

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