American charity
From Simon Preston
Sir: With reference to Simon Nixon’s article (‘Philanthropy is back’, 18 November) a contributory reason why US charitable giving is double the UK’s is that in the USA there has for some time been a vehicle specifically designed for the newly rich donor. These are Community Foundations based on local geographic areas. Happily, the idea has now taken root in the UK and there are some 40 county-based Community Foundations attracting endowment funds from entrepreneurs who, by setting up their individual funds within the foundations, have the ability to dictate the type of beneficiary they are most interested in.
Last year Community Foundations gave £57 million to charities, making them the fifth largest non-statutory grant-maker in the UK.
S.H. Preston
Tetbury, Gloucesterhire
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