Charities get more than £2bn a year from trusts

The top 400 UK trusts give £2.3bn to charities every year, according to new research.

The latest edition of A Guide to the Major Trusts, published by the Directory of Social Change, shows that the top 25 trusts alone gave £959m to charities in 2005/06, the latest year for which figures are available.

The amount given by the top 25 trusts increased almost three-fold in the 15 years from 1991 to 2006, the DSC said. In 1991, the top 25 trusts gave £217m to charities – allowing for inflation, this would equate to about £326m today, according to the DSC.

“Even allowing for inflation, the generosity of wealthy individuals may not have been so great since that displayed by the great philanthropists of the 19th century, such as Carnegie and Rowntree,” said Tom Traynor, editor of the guide.

“However, the need for support and funding from charitable trusts and foundations is greater today than it has ever been – largely because of the proportion of funding in the form of grants from the Government that falls in favour of contracts to deliver public services.”

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