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Charitable trust funds more than triple in 10 years, CAF reports

Charitable trust funds more than triple in 10 years, CAF reports

News
Funds held in charitable trusts by the Charities Aid Foundation (CAF) rose more than three-fold over the past decade – from £47m in 1999/2000 to £143m last year, according to CAF’s year-end figures. The Foundation now manages 2,807 charitable trusts on behalf of individuals who want to set aside £10,000 or more to give to charity.

Payroll giving has also increased, it reports. Last year £81m was donated to charity by the half a million employees who give every month through the “Give As You Earn” scheme. This is an increase of 153% on 1999/2000 when £31m was given in this way.

Over 3,000 companies run a payroll giving scheme and many match the donations made, often doubling the amount that goes to their employees’ chosen charities.