Sunday Time's Giving List is £200m less than 12 months ago!

The list, which tracks the philanthropic activity of 100 of Britain’s wealthiest people, shows that they collectively gave £3.2bn to charity personally or through their charitable foundations or businesses, down by £200m on last year’s total giving.

The Giving List found:

• 7  of the Rich List gave more than £100 million in the past year
• 42 gave £10 million or more
• 90 were members of the £1 million donors club

This year, the list was topped by Sir Chris Hohn for the second year in a row. Sir Chris donated 15% of his wealth to charity in 2021, which equates to an incredible £755 million, or £86,000 per hour.

Of the 100 names on the Giving List, only a third gave 1% or more of their wealth to charity. Research by the Law Family Commission says most top earners who declared charitable donations gave less than 0.2% of their income. If the top 1% of earners were to increase their donations to 1% of their pre-tax income, it could generate up to £1.4 billion a year

With the purchasing power of donations eroded by inflation and charities in need of support, it’s absolutely crucial that the wealthiest in society set an extraordinary example.

Read the article in full HERE. 

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