For a second consecutive year, giving among the UK’s wealthy population continued to grow. Looking at the annual trends from our quarterly research, we saw positive results in the median and average (mean) levels of giving, showing that high net worth giving increased significantly last year and has been on an upward trajectory since 2020.
To address data gaps in high net worth giving, this study trialled a new model based on survey data in which donors were selected by their wealth level. Results suggest that total giving by the HNW and UNHW population in the UK could be worth around £7.76bn and possibly much more.
The median level of giving among the whole population of millionaires reverted to £500 from significantly higher figures in March and June.However, those with wealth >£5 million gave at levels above the long-term median trend.
The major spike in giving by UK millionaires, seen at the beginning of 2023, dropped off in the second quarter of this year. However levels of giving are still higher than at the end of 2022.
The UK’s wealthy population responded to the cost-of-living crisis with a sizeable lift in major giving in the first quarter of this year, early indicators suggest.
For over two years, we have been asking wealthy people how much they gave in the previous quarter and our results are showing positive findings. Our data shows four key trends…
Downward dip in major gifts bolstered by wider giving by the wealthy The summer months are a quiet period of giving for major donors and this year was no exception. The average amount given by wealthy donors between July and September was £7,700, compared to £19,400 in the previous quarter. There is no doubt that […]
Since early 2020, Beacon has been conducting surveying of 300 – 500 UK millionaires. Our recent research shows that, though giving among the general population has declined, high-net-worth giving has increase. Cath Dovey takes an in-depth look at the data and what it means for UK philanthropy.
Since June 2020, Beacon has carried out quarterly research with 300-500 UK millionaires. After two years of data, we can now start to see trends in the giving of the wealthy. It is also possible to suggest what may impact their giving. Cath Dovey analyses the data…
The Beacon Collaborative