In this paper, NPC and Global Partnership present the results of a philanthropy survey sent to over 600 single and multi-family offices in the UK between March and May 2010. The results offer a rare insight into the philanthropic nature of some of the UK’s wealthiest families.
Some key findings from the survey include:
- Giving back to the community and addressing needs are major motivations for family giving, rather than public recognition.
- Most families have had positive experiences of giving, but highlighted some unfavourable aspects including ‘tortuous administration’ and fear of being ‘actively pursued by charities’.
- 85% of respondents with children under 21 involve them in their giving.
- The main criteria for selecting charities are the charity’s vision and strategy and whether it is focused on the greatest need.
- Finding information about charities is a challenge, particularly around the measurement of results.
- Nearly 60% of families would find philanthropy advice useful.
NPC conducted this survey together with Global Partnership, a private networking group dedicated to delivering exclusive services and information to international single and multi-family offices.
To find out more about the survey please contact Plum Lomax.