Wall Street Journal: English Lessons
A surge of new wealth in Britain is changing the face of charitable giving.
Traditionally, charitable giving in the U.K. has often followed the "spray and pray" principle: Write checks to a clutch of the best-known charities and hope for the best.
But a new generation of self-made millionaires is changing all that — and breaking from the clubby world of British philanthropy.
These donors are importing U.S.-style tactics to giving money and applying businesslike methods to ensure their money is well spent. Many are demanding detailed business plans from charities, are tying future donations to reaching specific targets and are offering their own professional skills to help charities grow. Some are even hiring companies to help them decide how to best give away that money. …
This is an interesting article about giving in the U.K., but I particularly wanted to highlight the chart about charitable giving as a percent of GDP by nation. Americans give more than twice as much as the U.K., the next closest nation. In July, I reviewed Arthur Brooks' Who Really Cares?, about charitable giving. I wrote then:
Brooks also compares the United States to other nations. He notes the frequent criticisms from Europe and elsewhere about American stinginess, giving only .1% of GDP to foreign aid (about $10 bil.). Most nations give between .1-.2%. The United Nations set a goal in 1992 that Western nations should give .7% of GDP for aid. However, when you add up aid in other types of government assistance ($13 bil.) and contributions from foundations, religious congregations, voluntary organizations, universities, corporations, individuals and other private sources ($50 bil) you get about .5%. (119) European giving of this kind is negligible by comparison. Brooks points to the fact that Europe is decidedly more secularized than America. When he examines stats in Europe he finds that regular church attendees are more charitable than non-attendees, just as in the United States. There are just relatively fewer of them. Survey’s also consistently show that higher percentages of Americans report they are happy with life than do most people in European nations.
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