Two thirds of trusts to maintain or increase income, say ACF
Howard Lake | 8 June 2009 | News
Two thirds of UK-based trusts and foundations are planning to maintain or increase their level of grantmaking, according to a survey by the Association of Charitable Foundations.
The survey found that nearly 75% of UK-based trusts and foundations are predicting steady or rising income levels over the longer term.
David Emerson, ACF Chief Executive, said: “Trusts and foundations exercise very prudent financial controls and plan for the long term, and it is clear that this has enabled many of them to lessen the impact of the downturn.
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“Steps taken included reducing reliance on equities prior to the recession, and increasing investments overseas – which has led some to report a rise in income due to the weaker pound.”
Members of the Association of Charitable Foundations manage well over £30 billion in investments and provide about 10% of the annual income for the voluntary sector.
For this year, 36% of ACF members expect to maintain current levels of grantmaking, with 9% increasing these levels. Fifteen per cent anticipate higher grantmaking in 2010, and 38% plan to increase grantmaking over the longer term.
However, some respondents did indicate they would make changes to their grantmaking next year: 44% said they were likely to give fewer grants, 27% believed their grants will be smaller, and 23% thought that they will be given over shorter periods.
www.acf.org.uk
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.