Top 10 UK development foundations

A general view is seen of the London skyline from Canary Wharf. Photo by: REUTERS/Hannah McKay

BARCELONA — In 2016/17, the United Kingdom’s charitable foundations spent over £4.5 billion ($5.6 billion), according to the "Foundation Giving Trends 2018" report. While these family trusts, philanthropic ventures, and grant-making institutions widely distributed their funds across a range of issues within the U.K. and abroad, mainly via grants, a substantial amount focused on development issues such as education, health, and economic growth.

Although geo-political uncertainty, fluctuating exchange rates, and a backdrop of divided public opinion pose a risk to overseas charitable giving in particular, foundation spending still increased by 8.2% on the previous year. According to the report, published by the Association of Charitable Foundations, gains in investment and voluntary income streams were the main drivers behind increased spending.

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About the author

  • Rebecca root%2520%25281%2529

    Rebecca Root

    Rebecca Root is a Reporter and Editorial Associate at Devex producing news stories, video, and podcasts as well as partnership content. She has a background in finance, travel, and global development journalism and has written for a variety of publications while living and working in New York, London, and Barcelona.