Data and discussion about philanthropy and philanthropists, with insights from Beacon, our partners and the wider sector. Our news and blog posts are for philanthropists and sector professionals.
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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.
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.
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