Grant-making by foundations up by 6.4 per cent last year

Grant-making: going up
Grant-making: going up

Grant-making by foundations rose by 6.4 per cent over the past year to £2.5bn, according to a report from the Association of Charitable Foundations. This increase came despite a £50m fall in grant-making in 2014 by the Wellcome Trust, by far the largest individual grant-maker. The £2.5bn in grants given in 2013/14 still falls short of the £2.9bn that was given before the financial crash of 2008, which the report says shows that the growth is tentative, the after-effects of the recession are still being felt and trustees are facing challenging choices. The report, Giving Trends: Top 300 Foundation Grant-Makers 2015, uses figures from the most recently available annual reports of the top 300 UK foundations based on the annual value of the grants they give out.

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