ft.com
UK charitable foundations with collective assets of more than £12bn are giving away only a small fraction to good causes each year, according to a think-tank analysis. Hundreds of grant-making trusts and foundations (GMTFs), including the Eranda Rothschild and Mikhail Khodorkovsky foundations, were identified in the research by Pro Bono Economics shared exclusively with the Financial Times. The analysis showed that if GMTFs distributed 3 per cent or more of their assets, this would generate at…
over 1 year ago