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impact. Frankly, it is the bedrock of philanthropy in the UK.”

The Giving List is topped this year by David Kirch, the Jersey-based former property developer who has handed a £100m fortune over to charity. He began giving in earnest in 2006 when he turned 70, gifting a £100 handout to all Jersey’s pensioners every Christmas at a personal cost of about £1m a year. The discovery last year that he had cancer sparked the move to hand all his wealth over to the David Kirch Charitable Trust.

Like many, Kirch’s motivation to give is very personal. “I love the island and so I have decided to leave my wealth to benefit the elderly, as they are often forgotten,” he said in a recent interview. The discovery that he had cancer also played a part. “I have been amazed at how this has sharpened my mind and changed my perspectives on life.”

More recently, Kirch spoke of the happiness he derived from giving, an emotion that drives many on our list. “I have found that with money the two happiest times are first when you are making it and second when you are giving it away.”

The desire to leave a legacy — and to play a part in generating that legacy while still alive — helps explain the global success of the Giving Pledge, one of the philanthropic phenomena of the past year. In addition to the £2.081bn spent charitably that has been captured in the 2013 Giving List, six (and soon to be seven) of the philanthropists on our list have signed up to the Giving Pledge,

In Britain, philanthropy is more dependent than ever on the generosity of the wealthiest, with the richest 1,000 taking a growing, active and more public role in charitable giving.

Even as the latest UK Giving report showed a 20% fall in real terms in the amount the public gave to charity last year, the new Sunday Times Giving List survey showed a more than 20% increase in giving by the wealthy elite.

As the downturn continues, it places an ever greater responsibility on the rich to step up to the mark — and the evidence from our 12th annual survey suggests they are doing just that.

Like-for-like giving among this year’s top 100 philanthropists, measured by the proportion of their total wealth given away in the past year, showed a £305m increase over past year, rising to £1,772m from £1,467m. The total amount of giving tracked from 231 people in this year’s Rich List — our most comprehensive survey — is also up more than 21% from £1,715m to £2,081m, a level beaten only once in the past 12 years.

The importance of giving on this scale is hard to overstate at a time when one in six charities say they are facing closure.

Dr John Low, chief executive of the Charities Aid Foundation, our partners in producing the Giving List, said: “The big donors in the Giving List are pushing their money out into the world; they are not doing it in response to appeals. This systematic form of giving has the biggest strategic

committing at least half their wealth to charitable ends either during their lifetime or after their death (see page 12). Based on our current valuations of their wealth, that is a further £3,699.5m earmarked for good causes.

With the sharp rise in the overall fortunes of this year’s Rich List entrants, it is natural that the proportions of residual wealth needed to be given away to make the top 30, top 50 and top 100 of our Giving List have slipped slightly. This year, to join our elite top 30 givers, at least 2.62% of residual wealth was given away, compared to 3.08% last year. For the top 50 donors, the amount has fallen to 1.56% from 1.81% last year. The proportion given away to make our top 100 has fallen slightly to 0.65%.

While the number of £10m-plus gifts has dropped this year from 44 to 38 — a reflection perhaps that even the wealthiest are thinking more deeply about where to splash their philanthropic cash — there has been a further slight rise in the number of £1m-plus donations we have tracked. This year 138 gifts of this magnitude were uncovered in our research, breaking last year’s record of 135 and well ahead of the 117 recorded in 2011 and 111 in 2010.

Further ground for optimism can be found in response to leading charity appeals, which have bucked the wider decline in giving by the public. Both Children in Need and then Comic Relief last month raised record sums. The £75m raised by Comic Relief by the close of the March telethon is likely to increase to more than £100m once all the monies are in.

The efforts of One Direction, the boyband currently sweeping all before them, will contribute £1m alone. Their No 1 single, One Way or Another, has shifted more than 330,000 copies and downloads in the UK alone and reached No 1 on iTunes in 63 countries worldwide — the first time a Comic Relief single has achieved such global uptake. The band — Niall Horan, Zayn Malik, Liam Payne, Harry Styles and Louis Tomlinson — who are new entries in the Young Rich List this year, worth £25m together, are also donating the proceeds from a concert this month to Comic Relief.

The band have given to charity a sum equivalent to 4% of their residual wealth, ranking them 20 in the Giving List this year. Kevin Cahill, chief executive of Comic Relief, has no doubt of the value the band brought to this year’s appeal. “One Direction are the hottest band in the world right now.

“We try to encourage children to see themselves as global citizens,” says Cahill, “so just as important as the money raised was the fact that there were millions of girls aged nine to 15 who were tweeting the word “Ghana” or writing it on Facebook for the first time ever off the back of One Direction’s filming there shown on Red Nose Day.”

Where Comic Relief (and its fundraising sister Sport Relief) uses the cultural (and sporting) community to leverage extra funds, more and more donors deploy their cash through so-called venture philanthropy

Richard Ross, who runs the Rosetrees Trust and is ranked 26 in this year’s Giving List, makes gifts to support medical research, mostly in the order of £10,000. With just more than £2m committed in the current financial year, that’s about 200 medical research projects supported. Ross backs research in its infancy, long before it reaches “breakthrough” stage.

However, follow-up work conducted on projects that Rosetrees has backed with seed

He makes the most of his many talentsIn this extract from her book, A Year of Doing Good, Judith O’Reilly, meets hedge fund manager Michael Hintze, who, with his wife, Dorothy, runs the Hintze Family Charitable Foundation, which has given away more than £25m in the past seven years. He is ranked 101st in this year’s Giving List

Philanthropy intrigues — not because of the noughts on the end of the cheques but because of its contradictions, its tangle of the individual and the

collective, personal ambition and sacrifice, acquisition and generosity, self-belief and altruism, of acquiring money only to give money, because it prompts both envy and respect. Hintze is worth £550m (now £900m) according to the Sunday Times Rich List. He has given away £25m to good causes, much of it through the Hintze Family Charitable Foundation, and turned giving into an art form, as arresting and creative as anything on the walls of the Hintze room in the National Gallery, refurbished with the aid of a £2m donation from the hedge fund manager. The room, with its grape-coloured walls, blooms with tender Madonnas dandling lustrous, fleshy, child-Christs, and boasts work by Raphael and Michelangelo, altarpieces and massive gilt-embossed frames — here a crucifixion, there an entombment and there a resurrection. “I give because I can,” he said when I asked him why he does it. “I feel an obligation — it’s something that’s innate. Some people might feel an obligation to dance or to paint. I feel an obligation — and a desire — to give.” Hintze’s family lost fortunes partly down to revolutions. Fleeing first the Russian revolution and then Mao Tse-tung in China, his family settled in Australia. Now Hintze has his own hedge fund, CQS, managing £7bn in assets. “I’m not saying I have been poor without being able to eat or that I didn’t have shoes on my feet, but I haven’t been able to have everything or anything I wanted. Now I can have everything I want, and one of the things I want to do is give it away. I’d like to change the world for the better. I’d like to be helpful.” He wants to give back, to repay good work with his own good work. To that end, he has funded not only the National Gallery, but the Victoria and Albert Museum, the Old Vic Theatre, hospitals, a hospice, a cancer charity and the Vatican museums — backing those he considers to have a vision, such as Prince Charles and Hollywood star and artistic director of the Old Vic, Kevin Spacey. “And we’re not stopping there. There’s a

lot more to do,” he told me. Faith is part of what drives him. He quoted the Bible, “For unto whomsoever much is given, of him shall be much required” (Luke 12:48), and the parable of the talents (where a master gives a servant five talents and he makes five more, and another servant two talents and he makes two more, but it doesn’t end well for the servant who was given one talent and who just buried it in the back yard and watched Sky Sports). “If you’ve done nothing with your talents,” said Hintze, “you haven’t fulfilled your obligation on this earth or to your God. I am no saint — that said, I do try to do my best.” For this hedge fund boss (who is also a leading Conservative party donor), philanthropic giving is part of civil engagement and something, too, which gives him pleasure. “I feel good when I can see that I make a difference,” he said. Bearing in mind he gives a lot and makes a big difference, I’m betting he feels very good indeed. He wishes everybody would become civilly engaged in some way, whether that is donating money, or contributing in some other way. “I know I can make some more money. There are certain people who have inherited wealth who don’t give much and the reason is that they don’t believe they can make it again. All they are doing is holding on to give to the next generation.” I liked Hintze, and generally I don’t like multimillionaires. They make me feel bad — like I made a wrong turn somewhere in the past. As he was talking, though, I wanted to clap him on the back or shake his hand vigorously up and down, I wanted to say, “Good on you, mate” or pin a medal to his expensive, tailored shirt. I’m glad there are people out there who want to make the world a better place — even if they are Tory donors. A Year of Doing Good, by Judith O’Reilly, published by Viking Penguin, £7.99

THE GIVING LIST

A £2bn fortune for good causesThe desire to nurture a living legacy for the benefit of others means the sums donated are continuing to rise, writes Alastair McCall

Continued on page 12 !!“THE RICH HAVE

BUCKED THE WIDER DECLINE OF GIVING

BY THE PUBLIC

corn funding to the tune of £3.5m has shown that medical scientists have gone on to attract further grants of £100m from research councils or pharmaceutical firms.

“This means the geared effect of our targeted funding, based on venture philanthropy, has been multiplied 33 times,” says Ross.

And his motivation? “I’m appalled at the increasing gap between rich and poor and want to bring more people to philanthropy. I am 70 years old and I now work a longer week than I have ever worked in my life.”

At the opposite end of the scale,

The Charities Aid Foundation (CAF) is proud once again to support The Sunday Times Giving List. CAF works with a wide range of donors, helping them achieve greater impact with their giving. We believe that effective philanthropy requires careful thought and execution, and is more than simply giving money — it’s about partnering for lasting social change.In this challenging economic climate it is more important than ever to support our charities and ensure we build a culture of philanthropy focused on delivering long-term sustainable impact. Interested? Come and talk to us. We can advise, support and help maximise the impact of your giving. You don’t have to be on the Rich List to make a difference. Start your giving journey today. Visit www.cafonline.org/givinglistRegistered charity number 268369

Giving as an art form: Michael and Dorothy Hintze

The right note: One Direction

contributed £1m through their

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over which they have influence, rather than leaving it to others to spend the money after their death. Where’s the fun in that? This also has the advantage of removing the risk of the fortune evaporating.

The Giving Pledge movement is a welcome reminder that the spirit of the great philanthropists who built their fortunes in the late 19th century — the likes of the

Scottish-born Andrew Carnegie, the Quaker Joseph Rowntree and Americans such as oil tycoon John D Rockefeller — is alive and well.

It encourages the wealthy to be very public about their giving (which in turn might prompt others to break cover). Beney suggests: “We have a habit of being slightly snide. Why aren’t we saying that giving money to good causes is a fantastic thing?”

Regardless of whether more Brits sign up to the Giving Pledge, the hope has to be during these recessionary times that deep-seated motivations for being philanthropic will outweigh the local difficulty of the 2012 budget.

“It created a feeling that philanthropy was under attack,” says Dr Beth Breeze, director of the Centre for Philanthropy at the University of Kent. “People were stunned and offended.”

It is too early to tell whether the offence caused has put off donors. The 2013 Giving List is largely based on charity accounts that conclude around the time of last year’s budget. But rich donors still need reassurance. As Breeze says: “Amends need to be made.”

charitably, the 18 Sainsbury family trusts are among those bodies that give major grants, disseminating more than £217m in the past year alone. This is on top of the £127m of donations we reported last year, £93m in 2011 and £114m in 2010 — £551m in just four years.

All the while, huge assets (currently £963m) generate new funds through investment income — just under £78m in the past year. The incredible scale of the family’s giving lifts the Sainsburys to third in this year’s Giving List.

Hedge fund manager Christopher Cooper-Hohn lies second. With about £56m generated

in investment income and £34m spent on helping children around the world, Cooper-Hohn has given and generated in the past year a sum equivalent to 60% of his residual £150m wealth.

The highest new entries are Talal Shakerchi, who runs the Meditor Capital Management hedge fund, and Martin Lewis, the man behind consumer financial help website moneysavingexpert.com, in fourth and fifth respectively.

Meditor has gifted £22.4m to a charitable trust administered by

CAF in the past two years, while Lewis gave more than £11m when he sold the moneysavingexpert website last summer for up to £87m. More than £1m went to the Citizens Advice Bureau, with the remainder also now administered through a CAF account.

There’s strong evidence the very wealthiest have got the charity bug, with six of the richest families making the top 150 of the Giving List for the first time: Alisher Usmanov, currently the richest man in Britain, gave away £112.6m, ranking 79= in the Giving List; Len Blavatnik, second on the Rich List this year, gave £50m; Lakshmi Mittal, fourth, gave £28.4m; Roman Abramovich, fifth, gave £46.5m in the form of an ice hockey stadium in Omsk; Ernesto and Kirsty Bertarelli, ninth, donated £73.1m through family foundations; and the Weston family, 11th, gave away £89.3m.

Not to be outdone by One Direction’s efforts, Coldplay — Chris Martin, Guy Berryman, Jonny Buckland and Will Champion — remain high in the charitable charts by handing over a further £5m to their J Van Mars Foundation last year. This brings to £8.6m the amount the band have given away since July 2009.

And in the world of sport, on signing for Paris Saint-Germain in January David Beckham said he would donate his estimated £2m salary to the end of this season to charities in France, with children’s hospitals the most likely beneficiaries.

“The future is bright,” says Sue Daniels, executive director of Philanthropy Impact, a body promoting giving and advising charities. “Philanthropists are more focused. Social investment offers them tools many are familiar with from their business backgrounds. And by involving their children in family foundations, givers engage the next generation in philanthropy, using it to encourage their children to think about how to make a better world.”

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A pledge to be an angel

Lord Ashcroft is about to become the seventh person in the Rich List to sign the Giving Pledge — committing to giving

away at least half his wealth to charitable ends either during his lifetime or after his death.

Ashcroft is no arriviste in this regard, pledging as a lone voice to do something along these lines as long ago as 2008. The difference now is that he will nail his colours to the mast of a global philanthropic movement, instigated in the United States in 2010 by Warren Buffett and Bill and Melinda Gates.

Since then more than 100 of the world’s richest people — with more to be announced soon — have bought into Buffett’s words: “If you’re in the luckiest 1% of humanity, you owe it to the rest to think about the other 99%.”

Buffett’s message is very different to the one put out by the coalition government this time

last year, when a proposed (and then jettisoned) £50,000 cap on tax relief for philanthropic giving left many high-net-worth givers in the UK feeling like grubby tax avoiders.

It might go towards explaining why British and UK-based millionaires and billionaires are still so thin on the ground among Giving Pledgers, the vast majority of whom are from America, the world’s richest nation.

George Osborne, the chancellor, relented on the tax relief cap, faced with a vocal campaign from donors and charities, one of several climbdowns in what was dubbed the omnishambles budget. But a sense of wariness has lingered.

“Wariness is the right word,” says Adrian Beney, a partner in More Partnership, which advises organisations on fundraising. There was a real sense of shock when the tax proposal was put forward — particularly after the government had made so much noise about the Big Society idea.”

SIGNING THE PLEDGEAmong those commiting at least half their wealth to charity are:

Richard and Joan Branson* £3,514m

John Caudwell £1,500m

Lord Ashcroft £1,200m

Michael Moritz and Harriet Heyman £1,125m

Lord David Sainsbury* £590m

Mo Ibrahim £520m

Christopher Cooper-Hohn £150m

*indicates family wealth

Seven UK names have promised to give away half their wealth. By Ben Laurance

So, it’s just possible that signing up to the Giving Pledge might go some way towards philanthropists feeling good about themselves again. In Lord David Sainsbury’s pledge letter, he says: “We do not believe that spending any more money on ourselves or our family would add anything to our happiness.” The implication being that giving it away just might.

With more than £217m donated in the past year by the Sainsbury family charitable trusts — a level of grant distribution that has accelerated sharply in recent years — Sainsbury should have a very warm glow inside.

Ashcroft is also spending apace, in the past year giving £5m to Anglia Ruskin University to build a second Ashcroft international business school, this time on its Cambridge campus; £1m to complete the Bomber Command war memorial in London; and a further £1m towards the refurbishment of the First World War galleries at the Imperial War Museum in London.

The two lords are among the growing band of philanthropists intent on creating a living legacy

Flying high to help his causes: Sir Richard Branson

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1 David Kirch (1) £100m £100m 100.00 Elderly, social (-) 2 Christopher Cooper-Hohn £150m £90.3m 60.22 Children, nutrition, environment, education (58) 3 Lord Sainsbury* £590m £294.9m 49.99 Education, arts, humanitarian, heritage (34) 4 Talal Shakerchi £100m £22.4m 22.44 Various (68) 5 Martin Lewis £60m £11.1m 18.50 Community, social (76) 6 Graham Tuckwell £308m £34.0m 11.05 Education (43) 7 Alan Parker £2,400m £206.9m 8.62 Environment, human rights, children (20) 8 John Reece* £200m £16.0m 8.02 Education, disabled, medical, regional (50) 9 Sir Martin Laing* £120m £9.1m 7.57 Education, welfare, overseas (63)10 David and Heather Stevens £152m £11.4m 7.53 Humanitarian, environment, children, Wales (57)11 Sir Donald Gosling £430m £32.2m 7.49 Maritime heritage, education, community (39)12 Michael Moritz and Harriet Heyman £1,125m £75.0m 6.67 Education (26)13 Lord and Apurv Bagri £200m £12.9m 6.44 Education (49)14 Sir Elton John £240m £14.4m 5.98 HIV/Aids, medical, humanitarian, arts (47)15 Henry Engelhardt* £548m £32.2m 5.88 Children, regional, education (36)16 Lord Edmiston £440m £25.6m 5.82 Religious (39)17 Philip Hulme £154m £8.5m 5.49 Criminal justice, youth, social, medical (57)18 Jonathan Ruffer £330m £16.0m 4.85 Heritage, art, community, social (42)19 Robin Clark* £124m £6.0m 4.81 Environment, social, education, medical (62)20 One Direction £25m £1.0m 4.00 Comic Relief (81)21 Richard Desmond £860m £32.7m 3.80 Medical, social, Jewish, children (29)22 Tony and Maureen Wheeler £112m £4.0m 3.57 Arts, humanitarian, children, medical, women (64)23 Elisabeth Murdoch and Matthew Freud £255m £9.0m 3.53 Arts, cultural, education (45)24 Johan Eliasch £630m £20.7m 3.28 Environment (34)25 Lord Rothschild £470m £15.2m 3.23 Arts, heritage, education, Jewish, community (38)26 Richard Ross* £101m £3.2m 3.21 Medical research (67)27 Colin and Chris Weir £160m £5.0m 3.13 Health, sport, culture, leisure, animal welfare (55)28 Bart Becht £175m £5.3m 3.05 Education, environment, humanitarian (53)29 Mike Uren £190m £5.5m 2.87 Medical, military (51)30 Sir Ian Wood* £1,200m £31.5m 2.62 Youth, humanitarian, urban regeneration (24)31 Michael Spencer £425m £11.0m 2.59 Humanitarian (39)32 John Stone £150m £3.9m 2.58 Overseas, children, environment (58)33 Jimmy and Simon Thomas £110m £2.8m 2.51 Medical (64)34= Lord Archer £135m £3.4m 2.50 Various (charity auctions) (60)34= Guy Berryman (Coldplay) £50m £1.3m 2.50 Children, education (-)34= Jonny Buckland (Coldplay) £50m £1.3m 2.50 Children, education (-)34= Will Champion (Coldplay) £50m £1.3m 2.50 Children, education (-)38 Leonard Polonsky £95m £2.3m 2.42 Jewish, education, arts (69)39 Benzion Freshwater* £980m £23.3m 2.38 Jewish (29)40 Ronald Hobson £474m £10.4m 2.19 Education, community, religion, poverty relief (38)41 Peter Harrison* £179m £3.7m 2.06 Sport, youth, education, community (53)42 Sir John Zochonis* £330m £6.8m 2.05 Medical, community, education (42)43 Roger and Peter De Haan* £800m £16.0m 2.00 HIV/Aids, arts, regeneration, sport, education (30)44 Paul Marshall £275m £5.5m 1.99 Children, education, religious, overseas (44)45 Charles Ritchie £76m £1.5m 1.97 Community, medical (73)46 Sir Brian Souter and Ann Gloag £730m £14.1m 1.93 Humanitarian, addictions, religious, health (31)47 Sir Ronnie Cohen and Sharon Harel £220m £4.2m 1.92 Education, social, Jewish (48)48 Sir Evelyn and Lady de Rothschild £467m £8.5m 1.82 Education, health, arts (38)49 Sir Peter Vardy* £155m £2.5m 1.58 Religious, humanitarian, education, arts (57)50= Alex Scott* £110m £1.7m 1.56 Youth, community projects (65)50= Ian Wace £275m £4.3m 1.56 Children, education, religious, overseas (44)

THE SUNDAY TIMES GIVING LIST* denotes family wealth 2013

wealthRecent

donationsGiving index Main beneficiaries Page

This table is ranked by the Giving Index, the proportion of total wealth donated or pledged to charity since our last publication or in the most recent 12 months for which foundation/trust/personal accounts are available. It is based on a Sunday Times questionnaire, from accounts lodged with the Charity Commission or its Scottish equivalent by March 31, 2013, or from other published sources. (1) David Kirch’s wealth based on his 2012 Rich List valuation, prior to the commitment of his wealth to charity

NOTABLE DONATIONS Recent philanthropic commitments and donations include:

George and Galen Weston Asset growth at Garfield Weston Foundation £779m

David Kirch Most of wealth gifted to the elderly on Jersey £100m

Michael Moritz and Harriet Heyman Student bursaries at Oxford £75m

Graham Tuckwell Donation to Australia National University £34m

Richard Desmond Funds raised through Health Lottery he founded £32m

Alan Howard Financial economics research unit, Imperial College London £20.1m

Martin Lewis Charity donation after sale of moneysavingexpert.com £11.1m

Colin and Chris Weir Portion of lottery win to their charitable foundation £5m

Mohamed Bin Issa Al Jaber University of Westminster refurbishment £1m

Lord Ashcroft To complete Bomber Command war memorial in London £1m