FT.com / Personal Finance - Large donations hold up despite recession

FT.com / Personal Finance - Large donations hold up despite recession: "Large donations hold up despite recession

By Ellen Kelleher

Published: November 6 2009 18:27 | Last updated: November 6 2009 18:27

UK charities have not suffered as badly as many had feared during the economic downturn, according to a report released this week by Coutts, the private bank, and researchers at the University of Kent.

In fact, donations from the UK’s wealthiest philanthropists and charitable foundations last year were still generous – with 189 donations of £1m or more in 2007 and 2008, down only slightly on the 193 made in 2006 and 2007."