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ARTICLE · 23 DECEMBER 2010

Philanthropy Strategy Launched

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The Department of Culture, Media and Sport announced its new Philanthropy Strategy on Wednesday as well as the publication of two key reports on developing charitable endowments in the UK.

United KingdomCorporate/Commercial Law
Alana Lowe-Petraske
Alana Lowe-Petraske
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The Department of Culture, Media and Sport announced its new Philanthropy Strategy on Wednesday as well as the publication of two key reports on developing charitable endowments in the UK. While the plans unveiled by Jeremy Hunt MP do not create any immediate changes to the legal or tax treatment of donations to charities, they do indicate a major review of the area.

Philanthropy Review

In his speech on Wednesday, the Secretary of State for Culture, Olympics, Media and Sport, Jeremy Hunt, announced a major cross-government review of philanthropy, to culminate in spring 2011. Details were not given of the review, but it was emphasised that the review is aimed at identifying ways to grow and improve the culture of giving in the UK and harness its potential.

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