UK’s richest donate smaller proportion of wealth to charity than average person

Wealthier people tend to favour education while the general public prioritise animal welfare in their charity donations, research suggested (Alamy/PA) -

The UK’s richest people give a smaller proportion of their wealth to charity than the average person, according to research which suggests British millionaires donating just 1% could boost the sector by £12 billion.

The sum could be raised if each of the UK’s estimated 536,673 millionaires – known as high net worth individuals – were to donate 1% of their investable assets, the Charities Aid Foundation (CAF) said.