CAF announces record donations

The Charities Aid Foundation has announced record results for the past financial year, with donations rising to £368m – a 17 per cent increase on the previous year.

The charity received and distributed £93m from 85,000 people with CAF charity accounts in the year to April 2008, a rise of 22 per cent on the previous year.

It also received £163m from more than 4,000 companies and employees, and £29m on behalf of other charities - rises of 19 per cent and 12 per cent respectively. International donations also rose by 50 per cent to £30m.

Funds managed by CAF Bank on behalf of charity customers also rose by 7 per cent, to £924m.

"These results are thanks to the generosity of individual and company donors, the charities that trust us to increase the value of their funds and the hard work of CAF employees," said John Low, chief executive of the foundation.

"Global economic uncertainty will make the coming year challenging for charities and donors alike, and the foundation is not immune," he added. "Nevertheless, the foundation will do whatever it can to underpin the third sector in these difficult times."

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