Sir Harvey McGrath Presentation How has giving developed in recent - PowerPoint PPT Presentation

A report produced by This project has been generously supported by Sir Harvey McGrath

Presentation

How has giving developed in recent years? • • How can London give more, better and together? The research looked at giving of time and money across five sectors: Trusts and foundations 1. Individuals 2. Wealthy Londoners 3. Corporates 4. Social investment 5.

London’s third sector: • Has increased its lead over the rest of the UK. Is home to 11 of country’s 20 largest charities. • • Accounts for 47 per cent of the income of all UK charities.

Proportion of charity workforce by nationality, 2017 Rest of England London 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Prorportion of workforce (%) UK Non-UK EU Source: Centre for London Analysis of Labour Force Survey data

• 27 per cent of Londoners live in poverty, compared to 21 per cent in the rest of England. • London has the highest ‘child poverty rate’ of any region in England.

Sector analysis

• Londoners have shown great generosity in times of adversity and celebration, but regular donations of time and money have fallen in last few years

Recent studies estimate that: Corporates give around £330m – about 6 per cent of the total amount given across the capital. • • Employee volunteering schemes have seen significant developments, at least among larger firms • There is some good practice with examples of corporates working together. But… Too often activity is not having the impact it could, with employers failing to apply the rigour they bring to their business to their charitable activities.

Median investment size, 2013-2016

London’s trusts and foundations undertake vital work • 61 per cent of the country’s largest 300 independent foundations are headquartered in London, and 18 out of the 20 largest ones. • The 12 largest trusts focused exclusively on London gave £40 million in 2015/16 – roughly £5 per Londoner. • Undertake vital strategic work – but could they do more?

Recommendations

Developing a whole city approach to giving… We argue that encouraging Londoners to give better and give more requires a move to a “whole city” approach. This means London’s ‘Giving Leaders’ - leading public sector, business and civic organisations – need to work together to: • Ensure resources are directed at these and are used effectively • Identify priorities • Celebrate and encourage giving

• Understanding need: London’s Giving Leaders should develop a richer understanding of need in the capital, perhaps through building on Trust for London’s London Poverty Profile. Engage corporates: London Plus should priories engagement with corporates and London • Funders should prioritise work with corporates and private philanthropists • Physical hub: We should review the need for a physical space to act as a centre for social investment and enterprise

Citywide giving: The Mayor, working with the City of London, London Funders and other • partners, should establish an annual London giving day. • Legacy giving: London’s Giving Leaders should review how best to increase the proportion of Londoners leaving a charitable legacy in their wills, with a particular focus on property owners. • Celebrating those who give: The Mayor, working with London Funders and City of London, should review how best to recognise individuals and organisations that give most and give best in London.

Strengthen London’s position: The Mayor, working with City of London Corporation and other partners, should establish a review of London’s current position as a global centre of giving and identify ways in which this could be strengthened. Promote city-focused giving across the UK: The Mayor, the City of London and other partners should work with other UK cities in developing and promoting city-focused giving.

“The Centre for London report recommends establishing an annual Love London giving day . However, there is a danger that a London- level campaign would encroach on existing initiatives ; people’s identification with local places within London suggests this might be better enabled and focused at a more local leve l.” “Centre for London’s report is the latest to comment on the insufficiency and lack of transparency of data in the giving sector. This was frequently raised by consultees in this Review, particularly businesses keen to (re)direct their community investment either to under- served areas of the capital, or to address priority needs.”

“Should it wish now to seize the moment , the Mayoralty might use the publication of Centre for London’s report and the Corporation of London and City Bridge Trust’s Philanthropy Strategy to convene a cross sectoral group of London’s funders , including businesses to answer that call. “

A report produced by This project has been generously supported by Sir Harvey McGrath