Category: New Trust Update

Trust Women

Posted on by Chris

Why so few women in UK foundations?

We’ve analysed all of the newly created grant-making trusts (foundations) registered in England and Wales since 2005 – a data set of 2,312 new grant-makers. Our findings are in a new Factary report, ‘Trust Women’, available for download here.

Key Findings:

  • Boards are not balanced – on average there is just one woman per board across all of these trusts.
  • Almost one third (29.7%) had all-men boards when they were registered.
  • Just one trust in five has women in the majority on boards.
  • And we found some evidence that trusts with women in the majority were poorer at start-up than those with men-majority boards.

Our report is based on Factary’s New Trust Update dataset (http://factary.com/what-we-do/new-trust-update/ ).

To find out more about this data, contact research@factary.com

Download ‘Trust Women’ here.

The Newest Philanthropists

Posted on by Chris

Thirty of the UK’s newest philanthropists are featured in a report published today by Factary.

The report is focused on the Ultra High Net Worth Individuals (UHNWIs) and High Net Worth Individuals (HNWIs) who have founded grant-making trusts and foundations during 2013.

We profile 30 of the richest people in the country who have created grant-making bodies, and analyse their wealth, philanthropic interests and biographical information to create a picture of the UK newest philanthropists. With a combined estimated wealth of £5.7 billion, these individuals represent a significant source of funding for UK non-profit organisations in the years to come.

The report includes:

  • Detailed profiles of thirty new philanthropists
  • Updated information on their trusts and foundations
  • Note that, with one exception, none of these trusts is listed in any other directory of grant-making trusts
  • Our analysis of the biographic, philanthropic and financial data on these philanthropists
  • Networking Index to identify the links between philanthropists, companies and the new trusts.

HOW TO ORDER
To order the report email Nicola Williams, nicolaw@factary.com

The report is priced at £135. New or existing subscribers to Factary Phi or Factary’s New Trust Update get a discounted price of £95.

From Bookmaking to Billionaires
Included in the report is a scion of a billionaire family, a Duchess, a Viscount and two Knights of the Realm. There are eight representatives from the financial services industry including two hedge fund managers and four investment bankers, along with philanthropists with other sources of wealth including landownership, art galleries, bookmaking and football.

London, and International
There is a strong geographic concentration on London and the Home Counties but also a continuing international flavour to the new philanthropists in the UK with seven of the thirty UHNWIs and HNWIs having nationalities other than British, and global connections identified to a wide range of countries including Zambia, South Africa, Italy, Nigeria and St Vincent and the Grenadines.

Oxbridge
There is a strong Oxbridge connection – a third of these new philanthropists went to either Oxford or Cambridge, with over 25% going to Oxford. Other UK universities attended include the University of Bristol, the London School of Economics, Leeds University and the University of Birmingham. Three of the people featured also went to the same public school; Charterhouse.

UK Philanthropy, Goes on Growing
During 2013 Factary’s New Trust Update reported on a total of 217 newly-registered grant-making trusts and foundations in the UK. This report shows that people of significant wealth are continuing to create foundations and grant-making trusts to support philanthropic organisations in the UK and abroad, creating a positive picture of philanthropy in the UK.

Venture Philanthropy in the UK Shows Similar Characteristics
The findings in this new report reflect the new philanthropists that we identified in our 2013 report on The Venture Philanthropists. In that report we found that 39% of UK venture philanthropists come from the financial services industry. We also found many people of wealth – £38 billion in combined personal assets.

Research:
This report was researched and edited by Will Whitefield, Senior Researcher at Factary. It is published as a special supplement to Factary’s New Trust Update.

The Venture Philanthropists: our ‘very comprehensive’ report

Posted on by Chris

At this week’s European Venture Philanthropy Association (http://evpa.eu.com/) conference, a senior UK venture philanthropist described our latest report, The Venture Philanthropists, as “very comprehensive.”

The focus of the report is the 254 board members and patrons who lead the UK venture philanthropy sector. We include biographies of each, and a handy networking index to identify who is linked to which fund. Many are people of wealth; we identify £38 billion in personal wealth.

Contents page 1

The 177-page report includes:

  • A clear explanation of venture philanthropy
  • A brief history of VP
  • Detailed analysis of trends in this fast-growing sector
  • Detailed profiles of the 22 venture philanthropy funds active in the UK
  • Biographies of the 254 board members and advisers who lead VP funds
  • More than 150 organisations and projects that have benefited from venture philanthropy
  • A who’s who in VP index linking people to companies and charitable trusts and foundations

The Venture Philanthropists is available at:

  • Non-profits: £250 per copy
  • For-profits: £300 per copy
  • Subscribers to Factary’s New Trust Update or Factary Phi, or those taking out a subscription with the report: £150 per copy.

To order a copy of the report contact Nicola Williams at Factary, nicolaw@factary.com or call Factary on +44 117 916 6740.

Who's who in VP
Who’s who in VP
Impetus-PEF
Impetus-PEF
Impetus-PEF people
Impetus-PEF biographies

Venture Philanthropy: A Great Growth Story

Posted on by Chris

We have just completed an in-depth study of the UK’s venture philanthropy sector – and it is all about growth.

Two years ago we reported that there were 11 venture philanthropy organisations in the UK, giving (or investing, or lending) a total of £52 million.

This year we have identified 22 organisations active in VP in the UK – double the 2011 number – with assets of £2.8 billion and income, at £274 million, up 171% on two years ago. The fastest growth area of all is in grants, loans and investments, up 221% on two years ago.

The report – The Venture Philanthropists – focuses on the 254 board members and patrons in the UK VP sector, including brief biographies of each. We include a Networking index that shows the links between VP supporters, companies and trusts or foundations. The report gives detailed information on each of the 22 venture philanthropy funds active in the UK.

The 177-page report includes information on more than 150 charities and projects that have benefited from venture philanthropy.

The Venture Philanthropists is available now:

  • Non-profits £250 per copy
  • For-profits £300 per copy
  • Subscribers to Factary’s New Trust Update, or those taking out a subscription with the report, £150 per copy.

To order your copy contact Nicola Williams at Factary, nicolaw@factary.com or call us on +44 117 916 6740.

The New Trustees, and a wealth of philanthropy

Posted on by Chris

More than 6,200 people have become trustees of new grant-making trusts in the UK since 2005. Who are these people?

We have researched our New Trust Update database to answer this question, and we have some interesting findings about these New Trustees:

  • The New Trustees are wealthy: we have identified more than £31 billion in combined wealth amongst New Trustees
  • The New Trustees are international: 119 New Trustees live abroad
  • London and Salford, Manchester are the centres for new philanthropy; our New Philanthropy Index shows high concentrations in these areas

Our latest report – The New Trustees – includes these findings and more, and gives detailed data on these new philanthropists.

Download the report, free, here: The New Trustees

New Money for education, arts, children and health

Posted on by Chris

Factary research shows the favourite philanthropic subjects amongst people of wealth in the UK in 2012:

Favoured philanthropy amongst UK people of wealth
Favoured philanthropy amongst UK people of wealth

See note below.

Our analysis of the new grant-making trusts created by people of wealth (UHNWIs and HNWIs) in the UK in 2012 shows that almost a third, the largest single category, favour education and training with the arts, children and youth and health being next most favoured subjects. Measured in total wealth, education and training was the lead topic with 70% of wealth supporting this area.

These figures are drawn from our report on the people of wealth who created grant-making trusts in the UK in 2012. Foundations of Wealth 2012 is a detailed analysis of these philanthropists, including biographic profiles, education, professional positions, and information on their philanthropy including trusteeships. We include an analysis of each individual’s wealth. On each grant-making trust we include information on aims and activities drawn from public domain sources and, in many cases, from direct correspondence with the trusts themselves. The report includes a networking index to identify the links between philanthropists, companies and these new trusts.

The report is available from Factary at £135, with discounts for clients who subscribe to our New Trust Update report. To order your copy, contact Nicola Williams, nicolaw@factary.com, 0117 916 67 40.

 

Note: The graph shows the numbers of people of wealth creating grant-making trusts in the UK in 2012 and their philanthropic interests. For each individual we have assigned them up to three areas of interest, using the classification system used in Factary Phi.

Foundations of Wealth 2012

Posted on by Chris

This year, 32 people with a combined wealth of £18.2 billion created new grant-making trusts in the UK. Most (84%) of these people of wealth are self-made millionaires. All have an estimated £10m or more in identifiable assets.

 

Factary has just published a report on these, the UK’s newest philanthropists. As well as people from financial services, retail and property sectors, we’ve identified an author, an actor, a brewer and a fashion designer. Three of the new philanthropists are investors in football clubs.

Thanks to Factary Phi, our database of donations to UK causes, we have been able to identify the causes that many of these philanthropists supported before they created their foundations. We’ve found personal, substantial donations to causes ranging from the Royal Shakespeare Company to Ovarian Cancer Action, and from Glyndebourne to the London School of Economics. This information on past philanthropy helps us understand the likely direction of these new trusts and foundations.

 

The report shows the way in which philanthropy has become international. It suggests a trend towards US citizens creating trusts and foundations in the UK – three of the 32 philanthropists are from the USA. The new philanthropists have global connections – identified in the report – to Australia, France, Greece, India, Iraq, Malawi, Sierra Leone, South Sudan, Switzerland, Tanzania, the United Arab Emirates, Uganda, USA, and Zambia amongst others.

 

The 65-page report includes biographic profiles of the philanthropists, including their education and professional positions, and information on their philanthropy including trusteeships. We include an analysis of each individual’s wealth. On each grant-making trust – all featured in this year’s New Trust Update – we include information on aims and activities drawn from public domain sources and, in many cases, from direct correspondence with the trusts themselves.

We’ve also included a networking index to help you identify the links between philanthropists, companies and these new trusts.

 

The report is available from Factary at £135. Current and new subscribers to our New Trust Update report can order the report at the special price of £95.  To order your copy, contact Nicola Williams, nicolaw@factary.com, 0117 916 67 40.

Soliciting Gifts: top law firms give £50m

Posted on by Chris

A report published today by Factary shows that the top 10 UK law firms donate £50m per year to non-profits (charities, arts organisations, universities…)

Key findings in the 130-page report include:

The top 10 UK law firms donated more than £5m in cash to charitable causes in the last year; firms give eight times as much in pro bono work as they give in cash.

Causes

Law firms stated CR themes are, in order of preference, Education & Training, Housing & Employment, and Rights/Law & Conflict. By contrast, we found that publicly reported donations are focused on Health, Children/Youth and Arts. We analyse these differences and suggest reasons in our report

Fundraising

Crisis UK appears to enjoy the widest support from UK law firms, reporting donations from 9 of the 20 leading firms. Amongst Universities, the University of Sheffield leads the field, reporting donations from 5 of the top 20 firms.

Recognition

The recognition won by some law firms for their donations far exceeds that of others. Slaughter and May achieve more public recognition for their donations than any other law firm. Clifford Chance, Hogan Lovells and Freshfields win little recognition for their generosity. Comparing amounts donated by the firms and public recognition, we report that DLA Piper achieve the highest level of public recognition per £1 donated.

The report – Soliciting Gifts: Donations by Leading Law Firms in the UK – is published as a special supplement to Factary’s New Trust Update report. It is published by Factary at £125 per copy, with a discounted price – £100 – for subscribers to Factary’s New Trust Update or Factary Phi.

To order a copy contact Shaun Gardiner.

The End of the New Trusts Recession

Posted on by Chris

New research from Factary reveals that during 2009-10 there was a “New Trusts Recession” – four consecutive quarters in which the numbers of newly registered grant-making trusts declined.

That recession is now over. Our latest research paper reveals some of the patterns of grant-making by new trusts.

The research is based on cross-analysis between our New Trust Update database and our Factary Phi database.

Download the report here

My (new) Foundation

Posted on by Chris

Why do philanthropists set up their own grant-making trust or foundation?

We have compiled the research we carry out each month for our New Trust Update report into a briefing paper. In the paper we give detail on the backgrounds of the people who are setting up new grant-making trusts and foundations in the UK and identify 6 key motivations.

Download the report here