Philanthropists: Giving up giving?
The IndependentSign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. But it has provoked mutiny among charities, voluntary organisations, research institutes and universities which fear they could lose millions as an unintended consequence of Mr Osborne's crowd-pleasing move. Britain's 100 most generous philanthropists handed over nearly £1.7bn last year – a fall of £800m on the previous 12 months but still an invaluable lifeline for charities. John Low, the chief executive of the Charities Aid Foundation, said: "At a time when charities are under increasing pressure, due to funding cuts and greater need in society, the Government should be encouraging major donors to dig deep in their pockets, not changing the tax rules to put them off making donations." UK giving philanthropy – and philanthropists £11bn was donated to charity by individuals in 2010-11, according to research by the Charities Aid Foundation.
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