Tag: CAF

Britain’s largest listed businesses give less to charity despite record profits

Stuart Mitchell

The UK’s largest listed companies are giving less to charities today than they did in 2009 in the wake of the global financial crisis, according to a new report. The Charities Aid Foundation’s (CAF) annual Corporate Giving Report analyses the charitable giving of the 100 largest UK companies listed on the London Stock Exchange. Following the global financial crisis, giving by FTSE 100 companies equated to 1.7% of pre-tax profits (£1.84bn). This compares with just 0.8% most recently (£1.69bn). Combined profits have almost doubled since 2009. Inflation has exacerbated the…

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Gen Z workers less likely to quit if their bosses support good causes, research indicates

Stuart Mitchell

Only one in four UK businesses donate to charity despite 63% of younger workers (aged 16-24) saying they are more loyal towards their employer if they give to charity, according to new research from the Charities Aid Foundation (CAF). More than half (54%) of employees say that working for an employer that supports charities increases their sense of pride in working there and encourages their loyalty to the company (51%). Furthermore, 47% said it increases their willingness to go the extra mile for their employer, CAF found. The trend is…

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Charities struggle to meet growing demand amid financial strain

Stuart Mitchell

While inflation may have subsided, demand for charity services continues to rise along with competition for funding, new research by the Charities Aid Foundation (CAF) has found. The research among 784 UK charity leaders found that 86% of the charities they lead had recorded increased demand for their services over the last 12 months, with 54% of those reporting that it had risen by ‘a lot’. This has increased from 43% in 2023 when a similar survey was carried out. Organisations that are most likely to say that demand has…

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New research finds public recognise importance of Gift Aid for charities

Stuart Mitchell

New research from CAF shows that the public are aware of how important this tax relief is to charities, as three-quarters (77%) of people say that charities rely on Gift Aid. Gift Aid is worth £1.6bn to the UK’s charity sector, and benefits more than 66,000 charities across the UK according to HMRC. The vast majority (80%) of people surveyed think that people should be encouraged to donate with Gift Aid when they are eligible. However, Gift Aid is still underused by many full-time employees who pay income tax and…

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Donations from FTSE 100 companies to charities have not kept pace with profits over the past decade

Stuart Mitchell

New CAF research also suggests charities could be missing out on more than £5bn of donations from UK business community. Britain’s biggest listed companies donated £1.82 bn last year, slightly down on the previous year. GSK give the highest amount of FTSE 100 companies to charity, and Tesco donates the highest percentage of pre-tax profits. Only one in five UK companies intend to increase their giving next year. Charitable giving by Britain’s largest listed companies over the past ten years has not kept pace with profits, according to new research…

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