Fundraising News: Arcadia billionaire donates £4.25m in gift to Jewish Care

Billionaire businessman Philip Green has donated more than £4.25m to Jewish Care, believed to be the largest single gift the welfare charity has ever received.

Green, who is worth an estimated £3.6bn, owns the Arcadia group that includes the Top Shop and Burton high-street brands, and is currently in the middle of a hostile takeover bid for Marks & Spencer.

Simon Morris, Jewish Care's chief executive, said he was very grateful to Green and his wife Tina. "This is exactly the kind of support that we need. I know he intends to remain interested and involved in our work in the future," he said.

Jewish Care is the largest health and social care charity for the Anglo-Jewish community, caring for nearly 7,000 people.

With annual running costs of about £46m, the charity said the donation was timely as it has been running a deficit since a drop in investment income following the 2000 stock market crash.

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