Abstracts » Business

Steady progress for the voluntary sector

Article Abstract:

The main 500 UK charities saw a rise in their income in real terms of 2.4% for 1994 to 1995, according to the Charities Aid Foundation. Sales from the charity shops of these organizations dropped by 9.4% in real terms but appear to be recovering. Charities are concerned about the impact of value-added tax changes which have led to lost income. They are also concerned that income from legacies will cease to grow due to a stagnant housing market, usage of wealth for medical and other spending, and demographic factors.

Economic aspects, Volunteerism

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Fat cats with big hearts

Article Abstract:

Charitable donations by wealthy individuals include Ted Turner's billion-dollar gift to the United Nations. Warren Buffet and Bill Gates also make donations, and in the United Kingdom, Anita Roddick and Alan Sugar are among donors to charity. Network for Change is an organization that helps donors to identify causes. It will not accept unsolicited applications for funds. Members have to give away a minimum of 2,000 pounds sterling annually and they include some 80 millionaires.

Philanthropists

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The Barings fallout for charities

Article Abstract:

The collapse of Barings plc has hit many charities. These include the Royal School for the Deaf, located in Margate, England, which held preference shares. The Baring Foundation's charitable donations are affected hitting charities such as the Kings Cross Homelessness Project. Barings was the biggest corporate donor of cash for charities in the UK. Diversification by trustees may not be the answer since the wishes of benefactors have to be considered.

Investment Banking and Securities Dealing, Investment Banking, Investment banks, Barings PLC

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