Charities Aid Foundation helped individuals and organisations make £478 million in charitable donations during 2014/15 according to the charity’s latest annual report. An increase of £35 million on 2013/14, this is the largest amount to date.
CAF manages donations on behalf of wealthy philanthropists, thousands of major businesses and hundreds of thousands of people who give through CAF Charity Accounts and through their payroll with Give As You Earn. It also provides financial services to voluntary organisations.
During 2014/15:
• £70 million was donated by employees of more than 3,000 firms through their payroll as part of Give As You Earn.
• People holding a CAF Charity Account to manage their giving gave £100 million to charities. This includes the Gift Aid that CAF claims on their behalf to make the accounts tax-effective.
• Major donors donated £156 million via CAF, an increase of 19% over the previous year
• Companies using CAF’s services donated £82 million
Services to charities
The annual report also revealed that:
- CAF Bank has lent £20 million to charities
- CAF’s social investment arm Venturesome has supported another 23 social enterprises and not-for-profit organisations seen as too high-risk by high street banks.
2014 was also the year that CAF co-ordinated the UK activities for #GivingTuesday, the first time the global campaign promoting giving, took place in the UK. Over 820 charities and businesses took part. CAF is coordinating the campaign again this year, and it will run on 1 December.
CAF Chief Executive John Low said:
“Charities have not escaped the consequences of global economic conditions, and as a result have had a difficult few years during which demand for their services has risen steeply. It has never been more important to encourage people to give and to maximise the impact of their generosity”.
You can download the CAF annual report 2014/15 in PDF.
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