According to the Sunday Times Giving List, the super rich donated £3.2 billion over the last year and the majority of them have made, rather than inherited their wealth. They are not tied to a family tradition of donating to a particular charity and are open to a wider range of causes and ways of donating, for example giving their time and expertise.
However those benefiting from inherited wealth should not be forgotten because a key emerging group over the coming years is forecast to be the children of self-made entrepreneurs, who will in turn become the next generation of philanthropists.
The Sunday Times Giving List also showed that women are an increasingly important philanthropy group. Traditionally, they have been a driver of philanthropy through their husband's money. With more women now earning their own money, we will start to see an increasingly influential demographic in major donor fundraising.
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