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…

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.

UK government funds new taskforce to boost global impact investing, chaired by Nick Hurd

The UK has announced a new taskforce to provide a rocket boost to global impact investing. Chair Nick Hurd claims that the taskforce will “propose solutions to harness private capital at scale for public good.” The announcement comes as part of the UK’s G7 presidency this year.

Anna Patton

Philanthropy Is About More Than Giving: People Must Work To Change The Foundations

“Philanthropy doesn’t work only through generous acts; it must provide real and long-lasting change that makes the world better.” Mike Schiemer suggests 4 actionable steps you can take to improve your giving and drive real change.

UK Foreign Aid Cut: Philanthropists cannot be expected to pick up the slack.

In November 2020, the UK cut its foreign aid commitment from 0.7% of GNI to 0.5%. We bring attention to one consortium which is trying to assuage the damage by developing a philanthropy-backed £100m fund. However, we also point out why philanthropy cannot be a permanent fix to state-funded foreign aid.

James Macdonald

Philanthropy’s essential role in tackling the Youth Crisis.

Young people are facing their second ‘once in a generation’ economic shock. If action is not taken, the life-chances of today’s youth are at risk of evaporating. Kat Farram, Director of Philanthropy at the Prince’s Trust, pens this Beacon guest blog to explain how philanthropists have been answering the call.

The UK’s wealthiest maintain high-levels of charitable giving

The latest data from Beacon’s quarterly surveying of UK millionaires shows that high-net-worth charitable giving is continuing to rise steadily. It also demonstrates that the increase in philanthropy from the UK’s very wealthiest – something precipitated by Covid – is sustaining.

Beacon Collaborative

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