UK’s richest donate smaller proportion of wealth to charity than average person

New figures show that the UK’s richest individuals donate a smaller proportion of their wealth to charity compared to the average person, with British millionaires giving just 0.4% of their investable assets in 2023. If each of the country’s 536,673 millionaires were to donate 1%, the charity sector could receive an additional £12 billion. The Charities Aid Foundation’s research also revealed that the wealthiest individuals tend to support different causes than the wider public, highlighting a disparity in charitable giving between the two groups.

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