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.
The battle for control of Stieg Larsson's £30m legacy
Geoffrey Macnab does not like the comedian's big screen debut
Look beyond the usual shows for the best festive telly
Michelle Nijhuis' daughter insists (s)he is, and she learnt a valuable lesson on gender in books
newsFormer soldier taped 33 of the animals to the floor and then stamped on them one by one
Robin Thicke named sexist of the year 2013
PAs cleared of fraud - and Nigella Lawson left reeling at 'ridiculous sideshow' of drug allegations
Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
Paul Walker death caused by speed alone
Apollo Theatre collapse: Scores injured after ceiling collapses in London's West End
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Tom Daley ‘is gay because his father died’ says UK evangelist
Iain Duncan Smith leaves Commons food banks debate early
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
PM denies two child limit for benefits is part of Tory welfare policy
Anachronistic and iniquitous, grammar schools are a blot on the British education system
- 1 Sun will 'flip upside down' within weeks, says Nasa
- 2 Christmas comes early: Justin Bieber is 'retiring from music'
- 3 Iain Duncan Smith leaves Commons food banks debate early
- 4 Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
- 5 Burglar steals video tapes of child abuse, hands them into police
- < Previous
- Next >
£40000 - £55000 per annum: Pro-Recruitment Group: This Big 4 giant is seeking ...
£35000 - £50000 per annum: Pro-Recruitment Group: Do you have personal tax exp...
£22000 - £37000 per annum: Capita Education Resourcing Permanent Team: This se...
£27000 - £30000 per annum: Capita Education Resourcing Permanent Team: Capita ...