UK’s richest donate smaller proportion of wealth to charity than average person
The IndependentGet the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s richest people give a smaller proportion of their wealth to charity than the average person, according to new figures. The sum could be raised if each of the UK’s estimated 536,673 millionaires – known as high net worth individuals – were to donate 1% of their investable assets, the Charities Aid Foundation said. CAF said its report also reveals that the UK’s wealthiest people tend to support “significantly different” causes to those supported by the rest of the public. “The Government can take steps to harness this and renew Britain’s culture of giving to strengthen civil society for the future, with high-net-worth individuals and professional advisers playing a leading role.”
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