ACF reports grantmaking by largest foundations rose by 13% during pandemic

6th June 2023

ACF reports grantmaking by largest foundations rose by 13% during pandemic
Grantmaking by the UK’s largest foundations rose by 13% in 2020-21 despite their incomes reducing, according to new research from ACF. The Foundation Giving Trends 2022 report, shows that the country’s 300 largest grantmakers distributed grants worth £3.7bn that year compared with £3.3bn in 2019-20. The rise is despite foundations’ total income falling by 10% in 2020-21, partly due to the impact of the pandemic, the report says. The 13% increase in grants in 2020-21 compares to a 5.7% average annual growth of grantmaking recorded over five years.
Read the full report here: ACF_FGT_2022.pdf