PHILANTHROPY COMES OF AGE
Donor advised giving, through funds and trusts have seen very strong growth in the UK in recent years.
These are the UK’s fastest-growing philanthropic giving vehicles. They offer several advantages over charitable foundations, namely cost savings, tax-efficiency, flexibility, and ease of administrative, fiduciary, and reporting requirements. These funds and trusts work by allowing donors to give cash, shares, property or other assets into a charitable fund managed by a charitable entity and to be used only for charitable purposes. While the donations are irrevocable and become the assets of the managing charitable institution, the individual will advise the institution where they would like the money to go, in the UK or internationally.
CAF is one of the largest managers of donor advised giving in the UK, accounting for around 80% of assets under management in the UK market. This report looks at the impact of donor advised giving in the philanthropy sector and the continued growth of these, which is great news for beneficiaries and charities alike. It should be noted that one additional provider has been added and as such, previous years data has been updated.
To find out more, please visit: CAF