Self-made money drives most of 32 new millionaire-backed trusts

first_imgSelf-made money drives most of 32 new millionaire-backed trusts AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Foundations of Wealth 2012 is available for purchase for £135 from Factary. Current and new subscribers to Factary’s New Trust Update report can order it for £95.www.factary.com Prospect research specialists Factary have produced a report on the new grantmaking trusts created by people in the UK with wealth of £10 million or more this year.The Foundations of Wealth 2012 reveals that 84% of the 32 multi-millionaires behind these new trusts have generated their fortunes themselves, rather than inheriting them. The 65-page report shows that these philanthropists come from a wide range of sectors, from financial services, retail and property sectors, to fashion design, brewing and acting.Factary has used its Factary Phi database of donations to UK causes to identify the charities and causes that these people supported before they set up the trusts. It has found that many of these philanthropists have an international outlook. Three of them are from the USA, now residing in the UK, and as a group they have charitable giving links to 14 countries. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.center_img Tagged with: Factary Funding Giving/Philanthropy Major gift Prospect research  29 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 11 December 2012 | Newslast_img read more