coutts million pound donors report 2010

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The Coutts Million Pound Donors Report 2010In association with The Centre for Philanthropy, Humanitarianism and Social Justice at the University of Kent

Written by Dr. Beth Breeze


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The Coutts Million Pound Donors Report 9

7. The recipients of million pound donations

161 organisations were recipients of million pound donations, including 140 operating charities and 21 charitable

foundations; the vast majority received only one donation wor th 1 million or more. Organisations that received multiple

donations of this size are almost all universities.

6. Are million pound donations banked or spent?

Donors giving at this level are continuing the trend away from banking money in charitable trusts and foundations in favour

of spending by giving it directly to operational charities. In 2006/07 the largest part o f the total value of million pound

donations (56%) was banked in tax-efficient charitable trusts and foundations for distribution at a later date. This dropped

to less than half (42%) in 2007/08 and has dropped further to represent just over a third (36%) of the value of million

pound donations in the most recent year.Number of million No of organisations receiving this many MPDs in each yearpound gifts received

2006/07 2007/08 2008/09

1 141 133 141

2 11 12 15

3 4 4 2

4 1 2 0

5 0 0 1

6 1 2 0

7 1 0 0

8 0 0 1

11 0 0 1

Year Amount banked in foundations Amount spent directly on charitable beneficiaries

2006/07 913 million (56%) 705 million (44%)

2007/08 597 million (42%) 808 million (58%)

2008/09 550 million (36%) 998 million (64%)

www.kent.ac.uk/sspssr/cphsj

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9. The distribution of million pound donations made by individuals

As a result of feedback from the first edition of the Million Pound Donors Report, we are aware there is a particular

interest in the philanthropic activities of individuals. Therefore, we have extracted all the data on the 100 donations made by

individuals either by direct donations or through personal foundations and re-analysed the distribution of these donations.

Whilst half of the total value of all donations made by individuals are banked in foundations for distribution over time,

Higher Education is by far the most popular destination for million pound donations that are spent directly on charitable

activity. Last year, Arts and Culture was the dominant destination for individual donors, but drops into second place in2008/09, though still receives almost a quarter of the value of all donations of this size, and no other charitable subsector

receives more than 10%.

Commenting on this finding, Michael Attenborough, Artistic Director of the Almeida Theatre, says:

All subsidised theatres are registered charities and are hugely dependent on private philanthropy to enable them to provide top

quality cultural events at affordable prices to the widest possible audience. The Arts nourish that which is invisible - namely our inner

lives, our emotional, spiritual and moral selves. In many ways they influence and define the very terms and standards of our

humanity, of our civilisation.

Charitable Number Mean Median % of total Value of % of total % of totalsub-sector of million value of value of number of MPDs value of value of

pound MPDs MPDs MPDs to this MPDs spentdonations to this to this made by sub-sector donations

sub-sector sub-sector individuals (m)(m) (m)

Foundations 12 42.7 1.6 12 511.9 50 -

Higher Education 29 9.3 2.6 29 269.66 26 53

Arts & Culture 18 6.6 2 18 117.96 11.5 23

Health 7 5.7 2.1 7 40.12 4 8

Education 7 3.2 1.4 7 22.2 2 4(not universities)

Human Services 13 1.6 1.3 13 20.37 2 4& Welfare

International Aid 6 3.2 3.3 6 19 2 4

& Development

Overseas 4 2.1 2.1 4 8.5 1 1.5(outside UK, notdevelopment)

Environment 2 3.7 3.7 2 7.35 1 1.5& Animals

Other public 2 2.6 2.6 2 5.2 0.5 1service benefit

Religious 0 - - 0 0 0 0organisations& causes

All 100 10.2 2 100 1,022.26 100 100

The Coutts Million Pound Donors Report 13

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University of Kent

Centre for Philanthropy

Humanitarianism and Social Justice

School of Social Policy

Sociology and Social Research

Canterbury CT2 7NF

T +44 (0)1227 824303

E [email protected]

The content of this report does not constitute advice whatsoever from

Coutts & Co. Coutts & Co will not be liable for any loss ar ising from your

reliance on any of the i nformation contained in this repor t. This document

contains references to third par ty websites. The views and opinions

expressed in these websites are those of the website authors and are not

necessarily shared by Coutts & Co.

Coutts & Co is authorised and regulated by the Financial ServicesAuthority. Coutts & Co is registered in England No. 36695.

Registered office 440 Strand, London WC2R 0QS

Calls may be recorded.

www.coutts.com

This report provides a strong empirical baseof information for policy makers, fund raisersand other donors. Atlantic Philanthropiesis committed to developing a culture of

Giving While Living; this report shows thatthere are many people and corporationsacross the UK who are role models for how

this can be done and the positive impact itcan make.

Colin McCrea

Senior Vice President,

The Atlantic Philanthropies

We continue to find the Coutts Million PoundDonor Reports the most useful analysis of major

donor activity available.

Dr. Karl Wilding

Head of Research,

National Council for Voluntary Organisations

(11/10)

coutts million pound donors report 2010

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