Half of UK foundations reducing grantmaking but philanthropists barely affected

Despite investment losses, nearly half of UK charitable foundations expect grantmaking to hold steady or increase in the next year, according to a survey carried out by the Association of Charitable Foundations among its members. From a glass-half-empty point of view, this means that just over half expect grantmaking to fall in the same period, though the longer-term outlook remains optimistic.

Beyond two years, 45 per cent of survey participants expect to increase their grantmaking and another 33 per cent to maintain current levels. Seventy-five per cent of respondents had seen a significant decrease in investment value over the past 12 months and some anticipate changes in the nature of the grants they make next year: 44 per cent are likely to give fewer grants, 27 per cent believe their grants will be smaller, and 23 per cent think they will be given over shorter periods.

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