NDIS Criterion
NEWS  |  Finance, Philanthropy

UK Demand for Philanthropic Advice “Modest”

Wednesday, 31st March 2010 at 4:08 pm
Staff Reporter
The demand for professional philanthropic advice in the UK is modest and disappointing according to new research.

Wednesday, 31st March 2010
at 4:08 pm
Staff Reporter



UK Demand for Philanthropic Advice “Modest”
Wednesday, 31st March 2010 at 4:08 pm

Following the rise in philanthropic giving over the past decade, philanthropy advice should be booming in the UK. However new research says despite this growth, the demand for professional advice remains modest.

As well, few donors even realise they can get professional advice on giving, and many are unclear about its value, according to research by New Philanthropy Capital (NPC), a charity think tank and consultancy.

The report finds that philanthropy is growing despite the economic downturn—there are signs that donors are still keen to give but in a more strategic way, and they want advice on how to do it well. The report called The business of Philanthropy, finds that although bankers and lawyers are becoming more interested in offering philanthropy advice to their clients, the quality of advice is disappointing.

As a result of the research, a new steering committee, made up of private bankers and lawyers, has been launched to develop and encourage the take up of philanthropy advice services for wealthy individuals.

Chaired by Dame Stephanie Shirley, the UK government’s ambassador for philanthropy, the committee was created with nineteen members from the industry, including private banks such as Coutts & Co, JP Morgan and Barclays Wealth, and law firms such as Withers and Bircham Dyson Bell.

NPC says it is the first time they have worked together on such a scale to develop this kind of initiative.

As well NPC has called on the UK Government to use its influence with UK banks to stimulate the development of new products and services that support effective philanthropy. It highlights the success of donor-advised funds run by leading financial services providers in the US, such as Fidelity, Vanguard, Merrill Lynch and Schwab.

Dame Stephanie Shirley, agrees that it’s time philanthropy advice became more widespread, and says that although the past decade has seen a significant increase in philanthropy in the UK, giving is still not embedded into the culture of this country.

The research can be downloaded at www.philanthropycapital.org/publications/improving_the_sector/improving_philanthropy/business_of_philanthropy.aspx



Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

More Suppliers

Tags : UK,

Get more stories like this



Public Trust in UK Charities at Record Low

Lina Caneva

Thursday, 30th June 2016 at 9:02 am

New UK Fundraising Guidelines for Charity Trustees

Lina Caneva

Tuesday, 14th June 2016 at 9:49 am

Charities Urged to Review Commercial Partnerships

Lina Caneva

Tuesday, 1st March 2016 at 11:58 am


Disability Advocacy Group Fights to Restore State Funding

Luke Michael

Thursday, 9th November 2017 at 8:37 am

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Donors Looking for a Personalised Experience to Give More – Study

Lina Caneva

Wednesday, 8th November 2017 at 1:43 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *

NDIS Criterion
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!