Family values
The charitable expenditure of the largest 100 UK family foundations was worth £1.2bn and increased by 10 per cent in real terms in 2007/07...
...according to Family Foundation Philanthropy 2009. In the second annual report on international charitable family foundations, new research establishing comparative profiles of family foundation charitable spending in Germany and Italy provides more detailed insights into how country differences (such as regulation, history and activities) affect growth and change.
Cathy Pharoah, author of the report comments: ‘Perhaps the most striking point to emerge from the country overviews is the extent to which family foundation philanthropy continues to flourish in many different contexts, and in spite of the different challenges with which it is faced.’
There were more than 71,000 US foundations in 2006 with assets worth more than $615bn, and total charitable spending of $41bn. In the UK, the top 500 spent £2.7bn (including Big Lottery) from assets worth around £33.5bn. The European Foundation Centre’s top 50 foundations across 13 countries hold a pool of assets of €88bn, accounting for 37 per cent of the total foundation assets in those countries.
www.cass.city.ac.uk/philanthropy/FamilyFoundationsPhilanthropy2009.pdf
Author: Clarissa Dann
Clarissa Dann was the editor of Caritas as well as an HR and management online service,he People Bulletin until July 2011.
She is now the editor of the specialist trade finance magazine, Trade and Forfaiting Review which can be viewed at www.tfreview.com but does write on charity finance and investment from time to time.
Clarissa has a background in legal and professional publishing, as well as business journalism and holds an MBA from
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