This City Philanthropy commisioned report estimates that London gives £5.6bn a year in cash to charities, representing 29% of all private giving in the UK. The research also reveals that US style funding networks are taking hold in London and could generate £20m in charitable funding a year and thousands of hours of pro bono support if just 1% of London employees became engaged in them.
We define philanthropy as the giving of resources in an engaged and strategic way for maximum impact and in a tax efficient manner. It can include the giving of money, assets, time, talent, voice and one’s social capital. We believe in the power of philanthropy as a great social connector and the source of many great opportunities.