Boom years contribute to windfall from trusts
The total amount distributed by the top 300 trusts rose by 50 per cent as they cashed in shareholdings and reinvested in high interest-earning securities, according to a report from the Directory of Social Change.
The Wellcome Trust is now giving away pounds 99m a year after selling some of its shareholdings in the Wellcome pharmaceutical company, and is now a bigger supporter of medical research than the Medical Research Council.
Overall, UK charities are spending pounds 250m a year on medical research, and appear to be increasingly generous in their support of National Health Service projects.
The biggest single grant in 1991 was by the Charles Wolfson Trust - pounds 5m for King's College Hospital in south London. Funds distributed by the Sainsbury family trusts have more than doubled, from pounds 14m to pounds 33m.
A Guide to the Major Trusts praises many charitable organisations for becoming more open about their activities. However, its authors, Andrew Farrow and Luke Fitzherbert, say some remain overly-secretive and have not filed accounts with the Charities Commission for several years.
The top 10 trusts ranked by grant total are: The Wellcome Trust ( pounds 99m), medical and veterinary research, history of medicine; Foundation for Sport and the Arts ( pounds 60m); BBC Children in Need Trust ( pounds 27m); The Tudor Trust ( pounds 20.2m) social welfare, health education; Charity Projects ( pounds 19.7m), homelessness, disability, drug or alcohol misuse, elderly people, Africa; The Gatsby Charitable Foundation ( pounds 16.2m), general; The Telethon Trusts ( pounds 15m), general; The Leverhulme Trust ( pounds 12.6m), research and education; Henry Smith's (Kensington Estate) Charity ( pounds 12m), health, social welfare; the Garfield Weston Foundation ( pounds 9.9m) medical research, education, welfare, general.
A Guide to the Major Trusts, 1993 edition; Directory of Social Change, Radius Works, Back Lane, London NW3; pounds 14.95, plus pounds 1.50 p&p.
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 Israel's propaganda machine is finally starting to misfire
- 5 'Hello mum, this is going to be hard for you to read ...'
Sally Farmiloe dead: Howards' Way actress, and former mistress of Jeffrey Archer, dies aged 60
Women in Turkey have a laugh in public at the deputy Prime Minister's expense
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
Australian model Robyn Lawley stages naked protest against huge coal mine seven times the size of Sydney Harbour
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
- < Previous
- Next >
£200 - £300 per day: Ashdown Group: IT Trainer - Marlow, Buckinghamshire - £25...
£18000 - £30000 per annum + Generous commission scheme: AER Teachers: Thames T...
£100 - £120 per day + per day: Randstad Education Leeds: Description Calling a...
£21000 - £35000 per annum: Randstad Education Cambridge: Supply teachers neede...