Monday, April 16, 2012

Charity tax relief cap under fire as philanthropists warn of funding crisis - Telegraph

Charity tax relief cap under fire as philanthropists warn of funding crisis - Telegraph: Philanthropists warned the Government’s proposed restrictions put the future of its own policies on academy schools and culture at risk. One leading figure said it represented a hammer blow to the Prime Minister’s “Big Society” philosophy.

The mounting campaign for a complete u-turn on the Budget measures was joined by members of two of the country’s wealthiest families, the Gettys and the Sainsburys, individual philanthropists who between them control hundreds of millions of pounds in funds, some with links to Prince Charles.

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