Perspective

Foundation Giving Trends 2019

Key findings included:

Assets: Top 300 foundations net assets reached a record £67 billion in value in 2017/18, however overall growth rates slowed dramatically, ranging from low to negative. Income from investments fell for the first time in 5 years. The ownership of assets is highly skewed. The top seven foundations by asset value each have more than £1 billion in net assets, representing almost two-thirds of Top 300 assets (62%).

Grant-making: Almost two-thirds of foundations in the Top 300 (193) made a real-terms increase in grant-making in 2017/18. The majority of these (146) also experienced a fall in their income, assets, or both. Grants were worth £2.6 billion and grew by a real annual 9.9% (ex Wellcome Trust).

Social Investment: The level of social investment continues to grow (+23%), albeit from low levels. Thirty-four Top 300 foundations (11%) identified programme-related, missionrelated or social investments in their balance sheet, annual report narrative or notes to their accounts, worth £146 million.

Top 10 foundations by net assets

    A/C year Net asset £million
1 Wellcome Trust Sept 2018 24,200.1
2 Garfield Weston Foundation Apr 2018 9,933.8
3 Children's Investment Fund Foundation Dec 2017 3,838.7
4 Leverhulme Trust Dec 2018 3,178.0
5 Bridge House Estates* Mar 2018 1,395.8
6 Henry Smith Charity Dec 2017 1,010.9
7 The Health Foundation Dec 2017 1,008.8
8 Esmée Fairbairn Foundation Dec 2018 997.3
9 Paul Hamlyn Foundation Mar 2018 755.1
10 Wolfson Foundation Apr 2018 739.2

The grant-making arm of Bridge House Estates isCity Bridges Trust

For more information and to download a copy of the report, please visit the ACF website here.

The opinions contained herein are those of the author and do not necessarily represent the house view. This document is intended to be for information purposes only. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Cazenove Capital does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. This does not exclude or restrict any duty or liability that Cazenove Capital has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system. Cazenove Capital is part of the Schroder Group and a trading name of Schroder & Co. Registered Office at 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be taped and monitored. 

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