News & Insight
6th November 2015
Trends in Philanthropy
There has been a phenomenal increase in levels of wealth over the last three decades.
Today there are 12 million people worldwide who are classified as ‘high net worth individuals’. Their collective wealth is estimated at $55.8 trillion. There are more millionaires in London than in any other city in the world. 10% of the UK population has average assets of more than £967,000 including their home. The wealthiest 1%, or 600,000, have average assets of £2.8m.
The role performed by charities and social enterprises has been increasing. The role of the state has been retreating. There are many opportunities for the would-be philanthropist which used to be funded by state funding. But levels of individual giving have not increased at the same rate. Not everyone gives. 50% of all giving to charity is done by fewer than 20% of people. (Source: The Office for National Statistics, 2014)
We are delighted to be working with Philanthropy Impact on a round table event. There are places available. More information about this event on the 17th of November is available here.
To find out how your organisation can get ready to make the most of these new forms of funding, then come on the Foundations in Philanthropy course starting December 2nd at Somerset House. For more details and how to book click here